PUBLIC ART FUND INC (EIN 132898805) - 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

1977

Legal Domicile

Principal Officer

SUSAN K FREEDMAN

Phone

2122237800

Tax Period

2023-01-01 to 2023-12-31

PUBLIC ART FUND INC, founded in 1977, is a community nonprofit that reported $6.9M in total revenue in fiscal year 2023. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 19% operating margin.

Mission

PUBLIC ART FUND IS NEW YORK'S LEADING PRESENTER OF ARTISTS' PROJECTS AND EXHIBITIONS IN PUBLIC SPACES.

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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 $5,744,443

Program Service Revenue $974,831

Investment Income $164,462

Other Revenue $11,333

TOTAL REVENUE $6,895,069

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,207,852

Fundraising Expenses $916,562

Program Expenses $3,437,011

Other Expenses $2,349,284

TOTAL EXPENSES $5,557,136

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,895,069	$4,219,910	+0.6%
Expenses	$5,557,136	$5,360,791	+0.0%
Net Income	$1,337,933	$-1,140,881	-2.2%

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

$769,636

Total Directors

$356,223

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH FEARON PEPPERMAN	CHAIR	6.00	Officer Director	$0	$0	$0
SUSAN K FREEDMAN	PRESIDENT	40.00	Officer Director	$337,294	$18,929	$356,223
ANDREW R BROWNSTEIN ESQ	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
HOLLY LIPTON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNIFER NEW	SECRETARY	1.00	Officer Director	$0	$0	$0
CHARLES B SHORT	TREASURER	2.50	Officer Director	$0	$0	$0
ELLEN CELLI	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGELO CHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
WENDY FISHER	BOARD MEMBER	1.00	Director	$0	$0	$0
SARA FITZMAURICE	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM FLOYD	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA E HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREA KRANTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA LENNON	BOARD MEMBER	1.00	Director	$0	$0	$0
RAFAEL LOZANO-HEMMER	BOARD MEMBER	1.00	Director	$0	$0	$0
RONAY MENSCHEL	BOARD MEMBER	1.00	Director	$0	$0	$0
RUTHARD C MURPHY	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUGLAS POLLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
FARAH AL QASIMI	BOARD MEMBER	1.00	Director	$0	$0	$0
RASIKA REDDY	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLISON RUSSO	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN SEYMOUR	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA SILVERSTEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL STERNBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
AI WEIWEI	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID WINE	BOARD MEMBER	1.00	Director	$0	$0	$0
NICHOLAS BAUME	ARTISTIC & EXECUTIVE DIRECTOR	40.00	Officer	$398,933	$14,480	$413,413
LARRY GIANNECHINI	DEPUTY DIRECTOR - PROGRAMS/OPERATION	40.00	Highest	$160,000	$0	$160,000

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	No data	No data	No data	No data
2023	$6,895,069	$5,557,136	$10,243,666	$1,337,933
2022	$4,219,910	$5,360,791	$8,654,486	$-1,140,881
2021	$4,378,132	$2,365,111	$9,627,066	$2,013,021
2021	$5,904,315	$3,773,927	$8,950,195	$2,130,388
2020	$3,775,928	$4,758,014	$6,383,326	$-982,086
2019	$6,287,437	$5,468,999	$6,768,512	$818,438
2018	$5,872,231	$6,350,554	$6,177,479	$-478,323

PUBLIC ART FUND INC