THE AMERICAN FEDERATION OF ARTS INC (EIN 131669334) - 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

1909

Legal Domicile

Principal Officer

PAULINE FORLENZA

Phone

2129987700

Tax Period

2024-07-01 to 2025-06-30

THE AMERICAN FEDERATION OF ARTS INC, founded in 1909, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Net assets of $11.1M represent 32 months of operating reserves.

Mission

THE AMERICAN FEDERATION OF ARTS INITIATES AND ORGANIZES A NATIONAL AND INTERNATIONAL PROGRAM OF ART EXHIBITIONS, PUBLICATIONS AND EDUCATIONAL ACTIVITIES.

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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 $1,103,779

Program Service Revenue $2,510,128

Investment Income $347,305

Other Revenue $185,848

TOTAL REVENUE $4,147,060

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,392,234

Fundraising Expenses $540,761

Program Expenses $2,646,777

Other Expenses $2,019,380

TOTAL EXPENSES $4,411,614

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,147,060	$3,066,219	+0.4%
Expenses	$4,411,614	$3,809,199	+0.2%
Net Income	$-264,554	$-742,980	-0.6%

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

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

$591,422

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTHA MACMILLAN	CHAIR EMERITA	1.00	Officer Director	$0	$0	$0
ELIZABETH BELFER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KIMERLY RORSCHACH	PRESIDENT	1.00	Officer Director	$0	$0	$0
TOM L FREUDENHEIM	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANTHONY HIRSCHEL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CAPERA RYAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD S LANE	SECRETARY	1.00	Officer Director	$0	$0	$0
IAN TAYLOR	TREASURER	1.00	Officer Director	$0	$0	$0
BETSY SHACK BARBARNELL	TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN BINSTOCK	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN J FERRISO	TRUSTEE	1.00	Director	$0	$0	$0
LEE WHITE GALVIS	TRUSTEE	1.00	Director	$0	$0	$0
ELLEN GRIMES	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH MADIGAN JOST	TRUSTEE	1.00	Director	$0	$0	$0
MARY LAPIDES	TRUSTEE	1.00	Director	$0	$0	$0
ARNOLD L LEHMAN	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY M LOEWY	TRUSTEE	1.00	Director	$0	$0	$0
CLAIRE MARMION	TRUSTEE	1.00	Director	$0	$0	$0
CLARE MCKEON	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN REILY	TRUSTEE	1.00	Director	$0	$0	$0
TYLER ROLLINS	TRUSTEE	1.00	Director	$0	$0	$0
BETSY PINOVER SCHIFF	TRUSTEE	1.00	Director	$0	$0	$0
JAMES S SNYDER	TRUSTEE	1.00	Director	$0	$0	$0
BELINDA TATE	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN TAYLOR	TRUSTEE	1.00	Director	$0	$0	$0
MONIQUE WARSHAW	TRUSTEE	1.00	Director	$0	$0	$0
SANDRA WARSHAWSKY	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL WEISS	TRUSTEE	1.00	Director	$0	$0	$0
ALLISON WHITING	TRUSTEE	1.00	Director	$0	$0	$0
JULIAN ZUGAZAGOITIA	TRUSTEE	1.00	Director	$0	$0	$0
PAULINE WILLIS	DIRECTOR AND CEO	35.00	Officer	$262,416	$17,325	$279,741
CAROLINE CHIN	ASSOCIATE DIRECTOR AND CFO	35.00	Officer	$153,867	$19,370	$173,237
RUSSELL LORD	DIR. OF EXHIB. & CURATORIAL INITIATI	35.00	Officer	$96,910	$8,360	$105,270
SYDNEY LESTIN BRIGGS	DIRECTOR OF REGISTRATION	35.00	Officer	$25,696	$7,478	$33,174
NICHOLAS MARINOFF COHN	DIR. OF INSTITUTIONAL ADVANCEMENT	35.00	Highest	$121,009	$18,616	$139,625

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
2025	$4,147,060	$4,411,614	$19,997,209	$-264,554
2024	No data	No data	No data	No data
2023	$2,808,285	$3,504,593	$19,235,834	$-696,308
2022	$2,631,024	$3,174,442	$17,315,239	$-543,418
2021	$4,027,774	$2,862,162	$18,932,640	$1,165,612
2020	$2,647,965	$3,170,217	$16,809,527	$-522,252
2019	$3,557,446	$3,046,630	$16,073,749	$510,816
2018	$2,207,186	$2,841,676	$15,596,664	$-634,490

THE AMERICAN FEDERATION OF ARTS INC