PEN AMERICAN CENTER 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

1985

Legal Domicile

Principal Officer

SUMMER LOPEZ

Phone

2123341660

Tax Period

2024-01-01 to 2024-12-31

PEN AMERICAN CENTER INC, founded in 1985, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $15.9M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $25.2M exceeded revenue, resulting in a 58% operating deficit.

Mission

PEN AMERICAN CENTER, INC. IS AN ASSOCIATION OF WRITERS AND OTHERS IN THE LITERARY COMMUNITY WORKING TO DEFEND FREE EXPRESSION, ADVANCE LITERATURE, AND FOSTER INTERNATIONAL LITERARY FELLOWSHIP.

Program Service Accomplishments

Program 1

Expenses: $10,125,593 Revenue: $413,979

FREE EXPRESSION PROGRAMS: PEN AMERICA'S FREE EXPRESSION PROGRAMS DEFEND WRITERS AND JOURNALISTS AND PROTECT FREE EXPRESSION RIGHTS IN THE UNITED STATES AND AROUND THE WORLD. THIS WORK INCLUDES...

FREE EXPRESSION PROGRAMS: PEN AMERICA'S FREE EXPRESSION PROGRAMS DEFEND WRITERS AND JOURNALISTS AND PROTECT FREE EXPRESSION RIGHTS IN THE UNITED STATES AND AROUND THE WORLD. THIS WORK INCLUDES ADVOCACY IN THE UNITED STATES AND INTERNATIONALLY IN DEFENSE OF FREE EXPRESSION; RESEARCH AND REPORTS ON TOPICAL ISSUES RANGING FROM BOOK BANS TO ONLINE ABUSE TO WRITERS IMPRISONED AROUND THE WORLD; DIRECT SUPPORT TO AND CAMPAIGNS ON BEHALF OF WRITERS AND JOURNALISTS FACING THREATS TO THEIR FREE EXPRESSION.

Program 2

Expenses: $726,945 Revenue: $120,161

LITERARY AWARDS:SINCE 1963, THE PEN AMERICA LITERARY AWARDS HAVE HONORED MANY OF THE MOST OUTSTANDING VOICES IN LITERATURE ACROSS DIVERSE GENRES, INCLUDING FICTION, POETRY, SCIENCE WRITING, ESSAYS...

LITERARY AWARDS:SINCE 1963, THE PEN AMERICA LITERARY AWARDS HAVE HONORED MANY OF THE MOST OUTSTANDING VOICES IN LITERATURE ACROSS DIVERSE GENRES, INCLUDING FICTION, POETRY, SCIENCE WRITING, ESSAYS, BIOGRAPHY, CHILDREN'S LITERATURE, TRANSLATION, AND DRAMA. WITH THE HELP OF OUR PARTNERS, PEN AMERICA CONFERS OVER 20 DISTINCT AWARDS, FELLOWSHIPS, GRANTS, AND PRIZES EACH YEAR, AWARDING OVER $300,000 TO WRITERS AND TRANSLATORS.

Program 3

Expenses: $685,789

PEN WORLD VOICES FESTIVAL: PEN WORLD VOICES IS AMERICA'S PREMIER INTERNATIONAL LITERARY FESTIVAL, ATTRACTING THE BEST-KNOWN WRITERS FROM ACROSS THE GLOBE. SINCE ITS FOUNDING, THE FESTIVAL HAS...

PEN WORLD VOICES FESTIVAL: PEN WORLD VOICES IS AMERICA'S PREMIER INTERNATIONAL LITERARY FESTIVAL, ATTRACTING THE BEST-KNOWN WRITERS FROM ACROSS THE GLOBE. SINCE ITS FOUNDING, THE FESTIVAL HAS PRESENTED MORE THAN 1,800 WRITERS AND ARTISTS FROM 118 COUNTRIES SPEAKING 56 LANGUAGES IN VENUES ACROSS NEW YORK CITY AND LOS ANGELES IN A FOUR DAY SERIES OF LITERARY EVENTS WITH A HUMAN RIGHTS FOCUS. THE FESTIVAL WAS FOUNDED BY SALMAN RUSHDIE, ESTHER ALLEN AND MICHAEL ROBERTS IN THE AFTERMATH OF SEPTEMBER 11TH, 2001, WITH THE AIM OF BROADENING CHANNELS OF DIALOGUE BETWEEN THE UNITED STATES AND THE WORLD- A MISSION THAT, TODAY, HAS NEVER BEEN MORE RELEVANT. (CONTINUED ON SCHEDULE O)THE 20TH ANNIVERSARY OF THE UNITED STATES LEADING INTERNATIONAL LITERARY FESTIVAL WAS CANCELLED TWO WEEKS BEFORE THE FESTIVAL'S SCHEDULED START DATE. SOME FESTIVAL PROGRAMS DID OCCUR WITHOUT BEING NAMED UNDER THE FESTIVAL UMBRELLA. GIVEN THE TIMING OF THE CANCELLATION SIGNIFICANT NON-REFUNDABLE COSTS WERE INCURRED INCLUDING TRAVEL BOOKED AND VENUE RENTALS.

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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 $13,076,275

Program Service Revenue $563,044

Investment Income $2,140,309

Other Revenue $152,314

TOTAL REVENUE $15,931,942

Expense Breakdown

Grants Paid $1,457,366

Salaries & Benefits $12,704,239

Fundraising Expenses $2,474,736

Program Expenses $16,998,574

Other Expenses $10,956,523

TOTAL EXPENSES $25,197,771

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,931,942	$21,777,695	-0.3%
Expenses	$25,197,771	$20,250,417	+0.2%
Net Income	$-9,265,829	$1,527,278	-7.1%

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

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

$1,054,280

Total Directors

Key Employees

$573,152

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER FINNEY BOYLAN	PRESIDENT	4.00	Officer Director	$0	$0	$0
TRACY HIGGINS	EXECUTIVE VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARIE ARANA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DINAW MENGESTU	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARVIN PUTNAM	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARKUS DOHLE	TREASURER	1.00	Officer Director	$0	$0	$0
AYAD AKHTAR	TRUSTEE	1.00	Director	$0	$0	$0
PETER BARBEY	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN CHOI	TRUSTEE	1.00	Director	$0	$0	$0
JOHN CHAO	TRUSTEE	1.00	Director	$0	$0	$0
BRIDGET COLMAN	TRUSTEE	1.00	Director	$0	$0	$0
ROXANNE DONOVAN	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA DUFF	TRUSTEE	1.00	Director	$0	$0	$0
LAUREN EMBREY	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA FILI-KRUSHEL	TRUSTEE	1.00	Director	$0	$0	$0
JAMES HANNAHAM	TRUSTEE	1.00	Director	$0	$0	$0
TOM HEALY	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH HEMMERDINGER	TRUSTEE	1.00	Director	$0	$0	$0
LINDA JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
ZACHARY KARABELL	TRUSTEE	1.00	Director	$0	$0	$0
SEAN KELLY	TRUSTEE	1.00	Director	$0	$0	$0
FRANKLIN LEONARD	TRUSTEE	1.00	Director	$0	$0	$0
MARGARET LOEB	TRUSTEE	1.00	Director	$0	$0	$0
MARGO LOWY	TRUSTEE	1.00	Director	$0	$0	$0
ALLISON MARKIN POWELL	TRUSTEE	1.00	Director	$0	$0	$0
YVONNE MARSH	TRUSTEE	1.00	Director	$0	$0	$0
KEN MILLER	TRUSTEE	1.00	Director	$0	$0	$0
PAUL MULDOON	TRUSTEE	1.00	Director	$0	$0	$0
LYNN NOTTAGE	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE PACKER	TRUSTEE	1.00	Director	$0	$0	$0
JODI PICOULT	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL PIETSCH	TRUSTEE	1.00	Director	$0	$0	$0
KRYSTYNA PORAY GODDU	TRUSTEE	1.00	Director	$0	$0	$0
ALIX RITCHIE	TRUSTEE	1.00	Director	$0	$0	$0
ANYA SALAMA	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD SARNOFF	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW SOLOMON	TRUSTEE	1.00	Director	$0	$0	$0
LUIS URREA	TRUSTEE	1.00	Director	$0	$0	$0
SUZY WAHBA	TRUSTEE	1.00	Director	$0	$0	$0
TARA WESTOVER	TRUSTEE	1.00	Director	$0	$0	$0
JAMIE WOLF	TRUSTEE	1.00	Director	$0	$0	$0
SUZANNE NOSSEL	CHIEF EXECUTIVE OFFICER	40.00	Officer	$450,319	$12,598	$462,917
OLAKUNLE APAMPA	CHIEF FINANCIAL OFFICER	40.00	Officer	$337,282	$20,748	$358,030
KIMBERLY THOMAS	CHIEF OPERATING OFFICER	40.00	Officer	$211,766	$21,567	$233,333
SUMMER LOPEZ	CHIEF PROGRAM OFFICER, FREE EXP	40.00	Key Emp	$264,140	$19,738	$283,878
CLARISSE ROSAZ SHARIYF	CHIEF PROGRAM OFFICER, LIT PROG	40.00	Key Emp	$282,014	$7,260	$289,274
GERALDINE BAUM	CHIEF COMMUNICATIONS OFFICER	40.00	Highest	$230,073	$46,168	$276,241
ALLISON LEE	MANAGING DIRECTOR, LA	40.00	Highest	$236,322	$9,297	$245,619
JONATHAN FRIEDMAN	MANAGING DIRECTOR, FREE EXP	40.00	Highest	$226,721	$6,052	$232,773
MAAYAN DAUBER	CHIEF DEVELOPMENT OFFICER	40.00	Highest	$213,604	$40,696	$254,300
SHAWNNA JANNAH	MANAGING DIRECTOR/HR	40.00	Highest	$202,258	$29,763	$232,021

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
2024	$15,931,942	$25,197,771	$45,658,360	$-9,265,829
2023	$21,777,695	$20,250,417	$47,830,208	$1,527,278
2022	$25,786,149	$16,101,224	$45,475,752	$9,684,925
2021	$29,059,092	$10,783,207	$36,781,487	$18,275,885
2020	$14,855,317	$9,702,620	$18,457,364	$5,152,697
2019	$12,289,927	$9,447,972	$12,976,954	$2,841,955
2018	$9,896,899	$8,086,871	$9,951,939	$1,810,028