AMERICAN FRIENDS OF THE ART FUND (EIN 061797076) - 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

2006

Legal Domicile

Principal Officer

MARINA A BEZRUKOVA

Phone

6468670994

Tax Period

2024-01-01 to 2024-12-31

AMERICAN FRIENDS OF THE ART FUND, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $152K in total revenue in fiscal year 2024. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 636% operating deficit.

Mission

AMERICAN FRIENDS OF THE ART FUND ("AFAF") IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

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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 $149,758

Program Service Revenue $0

Investment Income $2,597

Other Revenue $0

TOTAL REVENUE $152,355

Expense Breakdown

Grants Paid $1,033,373

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,033,373

Other Expenses $88,245

TOTAL EXPENSES $1,121,618

Year-over-Year Comparison

	2024	2023	Change
Revenue	$152,355	$924,860	-0.8%
Expenses	$1,121,618	$64,264	+16.5%
Net Income	$-969,263	$860,596	-2.1%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARINA A BEZRUKOVA	PRESIDENT/TREASURER	2.00	Officer Director	$0	$0	$0
JENNIFER WALDMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
SAMUEL SACHS II	DIRECTOR	1.00	Officer 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	$152,355	$1,121,618	$89,551	$-969,263
2023	$924,860	$64,264	$1,058,814	$860,596
2022	$326,864	$2,198,166	$198,218	$-1,871,302
2021	$2,058,151	$1,132,599	$2,069,520	$925,552
2020	$965,024	$108,783	$1,143,968	$856,241
2020	$965,024	$108,658	$1,144,093	$856,366

AMERICAN FRIENDS OF THE ART FUND