AMERICAN FUND FOR THE SOUTHBANK CE… - Form 990 Financial Data

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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

1991

Legal Domicile

Principal Officer

JAY E RIVLIN

Phone

2125475699

Tax Period

2024-04-01 to 2025-03-31

AMERICAN FUND FOR THE SOUTHBANK CENTRE INC C/O MCDERMOTT WILL & EMERY LLP, founded in 1991, is a small nonprofit in the International Affairs sector that reported $246K in total revenue in fiscal year 2024. Expenses of $341K exceeded revenue, resulting in a 39% operating deficit.

Mission

THE FUND WAS FORMED FOR THE EXCLUSIVE PURPOSE OF PROVIDING FINANCIAL SUPPORT TO THE SOUTHBANK CENTRE, A CHARITABLE TRUST CREATED IN GREAT BRITAIN AND REGISTERED WITH THE CHARITY COMMISSION OF ENGLAND AND WALES (NO.298909). THE FUND IS EMPOWERED TO APPLY ITS ASSETS (INCLUDING THE INCOME AND PRINCIPAL THEREOF) AS THE BOARD OF DIRECTORS MAY DETERMINE, EITHER DIRECTLY OR BY CONTRIBUTIONS, TO THE SOUTHBANK CENTRE, IN ORDER TO ASSIST IN THE MAINTENANCE AND OPERATION, FOR THE BENEFIT OF THE PUBLIC, OF THE CONCERT HALLS, GALLERIES, THEATRES, MUSEUMS, AND OTHER CHARITABLE AND CULTURAL CENTRES ON THE SOUTHBANK OF THE THAMES, IN LONDON, ENGLAND, AND OTHERWISE IN SUPPORT OF THE ARTS IN GREAT BRITAIN FOR THE BENEFIT OF THE PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $335,743

THE FUNDS WERE USED TO SUPPORT THE SOUTHBANK CENTRE WHICH IS THE PRIMARY PURPOSE OF THE ORGANIZATION. TO SUPPORT THE WIDE RANGE OF ARTISTIC PROGRAMMING, EDUCATION, EXHIBITIONS AND OUTREACH 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 $245,976

Program Service Revenue $0

Investment Income $7

Other Revenue $0

TOTAL REVENUE $245,983

Expense Breakdown

Grants Paid $335,743

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $335,743

Other Expenses $5,694

TOTAL EXPENSES $341,437

Year-over-Year Comparison

	2024	2023	Change
Revenue	$245,983	$244,657	+0.0%
Expenses	$341,437	$235,946	+0.4%
Net Income	$-95,454	$8,711	-12.0%

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
ELAINE BEDELL	CHAIRMAN AND PRESIDENT	1.00	Officer Director	$0	$0	$0
LAURA SCOTT	TREASURER	1.00	Officer Director	$0	$0	$0
JAY E RIVLIN	SECRETARY	1.00	Officer Director	$0	$0	$0
SIMON YATES	DIRECTOR	1.00	Director	$0	$0	$0
AMY ROSS	DIRECTOR	1.00	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	$245,983	$341,437	$103,439	$-95,454
2024	$244,657	$235,946	$180,893	$8,711

AMERICAN FUND FOR THE SOUTHBANK CENTRE INC C/O MCDERMOTT WILL & EMERY LLP