FOUNDATION FOR INDEPENDENT ARTISTS INC (EIN 133082845) - 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

1981

Legal Domicile

Principal Officer

ANNA BRADY MARCUS

Phone

2122788111

Tax Period

2024-07-01 to 2025-06-30

FOUNDATION FOR INDEPENDENT ARTISTS INC, founded in 1981, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 37% operating deficit.

Mission

THE ORGANIZATION PROVIDES ARTISTIC ENTITIES WITH A CORPORATE STRUCTURE AND FOSTERS THEIR ART THROUGH A COMBINATION OF INFRASTUCTURE, FINANCIAL, AND ADMINISTRATIVE SUPPORT.

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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 $847,653

Program Service Revenue $912,036

Investment Income $0

Other Revenue $7,138

TOTAL REVENUE $1,766,827

Expense Breakdown

Grants Paid $0

Salaries & Benefits $741,455

Fundraising Expenses $0

Program Expenses $2,085,345

Other Expenses $1,673,852

TOTAL EXPENSES $2,415,307

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,766,827	$3,187,143	-0.4%
Expenses	$2,415,307	$4,006,562	-0.4%
Net Income	$-648,480	$-819,419	-0.2%

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

132

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	Role	Reportable Comp	Other Comp	Total
ANNA MARCUS	CHAIR/TREASURER	Officer Director	$0	$0	$0
FELICIA ROSENFELD	PRESIDENT	Officer Director	$0	$0	$0
MARILYN FRANCESCON	SECRETARY	Officer Director	$0	$0	$0
LILLIAN OSEI-BOATENG	MEMBER	Director	$0	$0	$0
MARGARET DAHL	MEMBER	Director	$0	$0	$0
JASON PERLROTH	MEMBER	Director	$0	$0	$0
JORDAN PEIMER	MEMBER	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
2025	$1,766,827	$2,415,307	$1,319,201	$-648,480
2024	$3,187,143	$4,006,562	$2,258,441	$-819,419
2023	$2,818,164	$3,617,227	$2,842,517	$-799,063
2022	$4,647,343	$3,046,292	$3,689,287	$1,601,051
2022	$4,603,218	$3,042,628	$3,641,230	$1,560,590
2021	$2,602,662	$1,698,784	$2,026,059	$903,878
2020	$1,873,197	$1,639,774	$1,117,604	$233,423
2019	$2,276,295	$2,176,452	$873,891	$99,843
2018	$1,541,956	$1,168,326	$766,701	$373,630

FOUNDATION FOR INDEPENDENT ARTISTS INC