EMPACT ART INC

EIN: 990769891 501(c)(3)

BALTIMORE, MD

Total Revenue
$407,256
Total Expenses
$321,035
Total Assets
$97,020
Net Assets
$84,825
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
MD
Principal Officer
ALI MIRSKY
Phone
2403932556
Tax Period
2024-01-01 to 2024-12-31

EMPACT ART INC, founded in 2023, is a small nonprofit that reported $407K in total revenue in fiscal year 2024. The organization ran a surplus of $86K, a strong 21% operating margin.

Mission

TO FOSTER AND BUILD COMMUNITY CONNECTION THROUGH THE CREATION OF PUBLIC ART.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $83,315
Program Service Revenue $323,941
Investment Income $0
Other Revenue $0
TOTAL REVENUE $407,256

Expense Breakdown

Grants Paid $0
Salaries & Benefits $162,001
Fundraising Expenses $6,685
Program Expenses $236,635
Other Expenses $159,034
TOTAL EXPENSES $321,035

Year-over-Year Comparison

2024 2023 Change
Revenue $407,256 N/A N/A
Expenses $321,035 N/A N/A
Net Income $86,221 N/A N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
2
Volunteers
3500

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$90,000
Total Directors
4
$90,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALI MIRSKY EXECUTIVE DIRECTOR 40.00
Officer Director
$90,000 $0 $90,000
NADIA WEST SECRETARY 1.00
Officer Director
$0 $0 $0
DR STEVEN MIRSKY TREASURER 1.00
Officer Director
$0 $0 $0
ROSANA AZAR DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $407,256 $321,035 $97,020 $86,221
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