THE ELIZABETH FOUNDATION FOR THE ARTS (EIN 061313662) - Form 990 Financial Analysis & Trantor Score

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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

1992

Legal Domicile

Principal Officer

STUART FRIEDMAN

Phone

2125635855

Tax Period

2024-01-01 to 2024-12-31

THE ELIZABETH FOUNDATION FOR THE ARTS, founded in 1992, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $3.3M exceeded revenue, resulting in a 61% operating deficit.

Mission

PROVIDING ARTISTS WITH SPACE, TOOLS, AND A FORUM FOR DEVELOPMENT.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $102,552

Program Service Revenue $1,814,270

Investment Income $5,455

Other Revenue $153,698

TOTAL REVENUE $2,075,975

Expense Breakdown

Grants Paid $55,150

Salaries & Benefits $1,021,142

Fundraising Expenses $0

Program Expenses $2,741,873

Other Expenses $2,261,020

TOTAL EXPENSES $3,337,312

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,075,975	$2,911,784	-0.3%
Expenses	$3,337,312	$3,140,792	+0.1%
Net Income	$-1,261,337	$-229,008	+4.5%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

Total Directors

$139,738

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE SCHEER	EXECUTIVE DI	40.00	Director	$119,929	$0	$119,929
JANE STEPHENSON	BOARD MEMBER	2.00	Director	$19,809	$0	$19,809
LAURA BUCKLES	BOARD MEMBER	2.00	Director	$0	$0	$0
MARILYN EVENS	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN KOEGEL	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHELLE LOH	BOARD MEMBER	2.00	Director	$0	$0	$0
DEANNA ROCKEFELLER	BOARD MEMBER	2.00	Director	$0	$0	$0
STEPHEN BRAUN	SECRETARY	2.00	Officer	$0	$0	$0
STUART FRIEDMAN	TREASURER	2.00	Officer	$0	$0	$0
GEORGE GORDON KING	VICE PRESIDE	2.00	Officer	$0	$0	$0
ALAN KLEIMAN	PRESIDENT	2.00	Officer	$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	$2,075,975	$3,337,312	$5,734,109	$-1,261,337
2023	$2,911,784	$3,140,792	$6,877,933	$-229,008
2022	$2,227,501	$2,430,793	$7,043,341	$-203,292
2021	$1,742,724	$1,859,211	$6,766,808	$-116,487
2020	$1,576,303	$1,672,995	$6,747,925	$-96,692
2019	$1,638,765	$1,679,581	$6,905,024	$-40,816
2018	$1,609,382	$1,858,456	$7,076,784	$-249,074
2017	$1,718,104	$1,623,196	$7,281,706	$94,908

THE ELIZABETH FOUNDATION FOR THE ARTS