FRANKLIN FURNACE ARCHIVE INC

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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

1976

Legal Domicile

Principal Officer

MARTHA WILSON

Phone

7186875800

Tax Period

2023-08-01 to 2024-07-31

FRANKLIN FURNACE ARCHIVE INC, founded in 1976, is a small nonprofit that reported $441K in total revenue in fiscal year 2023. Expenses of $407K left a modest 8% surplus.

Mission

TO PRESENT, PRESERVE, INTERPRET, AND ADVOCATE ON BEHALF OF AVANT-GARDE ART, ESPECIALLY FORMS THAT MAY BE VULNERABLE DUE TO INSTITUTIONAL NEGLECT, THEIR EPHEMERAL NATURE, OR POLITICALLY UNPOPULAR CONTENT.

Program Service Accomplishments

Program 1

Expenses: $326,309 Revenue: $24,100

FRANKLIN FURNANCE AWARDS GRANTS TO DESERVING ARTISTS. A PANEL REVIEWS ALL PROPOSALS TO ENSURE DIVERSITY OF VIEWPOINTS. EMERGING ARTISTS SELECTED PREPARE FOR MAJOR PERFORMANCE OF ART WORKS FOR...

FRANKLIN FURNANCE AWARDS GRANTS TO DESERVING ARTISTS. A PANEL REVIEWS ALL PROPOSALS TO ENSURE DIVERSITY OF VIEWPOINTS. EMERGING ARTISTS SELECTED PREPARE FOR MAJOR PERFORMANCE OF ART WORKS FOR PRESENTATION IN THE NEW YEAR.

Program 2

FRANKLIN FURNACE PROVIDED ART EDUCATION BY PLACING PROFESSIONAL ARTISTS IN NEW YORK CITY PUBLIC SCHOOL CLASSROOMS. CREATIVE THINKING AND HANDS ON PROJECTS THAT BUILD HIGHER STANDARDS OF LEARNING ARE...

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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 (2023)

Revenue Breakdown

Contributions & Grants $417,010

Program Service Revenue $24,100

Investment Income $29

Other Revenue $302

TOTAL REVENUE $441,441

Expense Breakdown

Grants Paid $0

Salaries & Benefits $177,750

Fundraising Expenses $3,596

Program Expenses $326,309

Other Expenses $229,384

TOTAL EXPENSES $407,134

Year-over-Year Comparison

	2023	2022	Change
Revenue	$441,441	$427,108	+0.0%
Expenses	$407,134	$395,390	+0.0%
Net Income	$34,307	$31,718	+0.1%

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
MARTHA WILSON	PRESIDENT	10.00	Officer Director	$0	$0	$0
SUSAN WIDERMAN BLOG	TREASURER	2.00	Officer Director	$0	$0	$0
ADAM M COHEN	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS DAZE ELLIS	DIRECTOR	2.00	Director	$0	$0	$0
COCO FUSCO	DIRECTOR	2.00	Director	$0	$0	$0
JON HENDRICKS	DIRECTOR	2.00	Director	$0	$0	$0
RUSSET LEDERMAN	DIRECTOR	2.00	Officer Director	$0	$0	$0
SANDRA LIPSMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID S PERLMUTTER	CO-CHAIR	2.00	Officer Director	$0	$0	$0
RICARDO MIRANDA ZUNIGA	CHAIR	2.00	Officer Director	$0	$0	$0
CAROLE NAGGAR	DIRECTOR	2.00	Director	$0	$0	$0
PABLO HELGUERA	DIRECTOR	2.00	Director	$0	$0	$0
JUAN ARUEGO	DIRECTOR	2.00	Director	$0	$0	$0
HARLEY SPILLER	EXECUTIVE DIRECTOR	35.00	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
2025	No data	No data	No data	No data
2024	$519,203	$484,544	$672,764	$34,659
2024	$441,441	$407,134	$651,819	$34,307
2023	$427,108	$395,390	$588,320	$31,718
2022	$521,603	$397,804	$564,316	$123,799
2021	$387,720	$291,431	$396,259	$96,289
2020	$284,216	$246,957	$323,671	$37,259
2019	$208,095	$275,679	$279,667	$-67,584
2018	$168,369	$303,673	$331,061	$-135,304