ART OMI INC

EIN: 133641616 501(c)(3) International Affairs

GHENT, NY

Total Revenue
$9,557,571
Total Expenses
$9,117,200
Total Assets
$48,172,688
Net Assets
$28,403,184
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
NY
Principal Officer
JEREMY ADAMS
Phone
5183924747
Tax Period
2024-01-01 to 2024-12-31

ART OMI INC, founded in 1991, is a community nonprofit in the International Affairs sector that reported $9.6M in total revenue in fiscal year 2024. Revenue surged 146% from the prior year, signaling strong growth momentum. Expenses of $9.1M left a modest 5% surplus.

Mission

ART OMI BELIEVES THAT EXPOSURE TO INTERNATIONALLY DIVERSE CREATIVE VOICES FOSTERS ACCEPTANCE AND RESPECT, RAISES AWARENESS, INSPIRES INNOVATION, AND IGNITES CHANGE. BY FORMING COMMUNITY WITH CREATIVE EXPRESSION AS ITS COMMON DENOMINATOR, ART OMI CREATES A SANCTUARY FOR THE ARTISTIC COMMUNITY AND THE PUBLIC TO AFFIRM THE TRANSFORMATIVE QUALITY OF ART. ART OMI IS A NOT-FOR-PROFIT ARTS CENTER WITH A 120-ACRE SCULPTURE AND ARCHITECTURE PARK AND GALLERY, RESIDENCY PROGRAMS FOR INTERNATIONAL ARCHITECTS, ARTISTS, DANCERS, MUSICIANS, TRANSLATORS, AND WRITERS, AND A THRIVING ARTS EDUCATION PROGRAM SERVING OUR LOCAL COMMUNITY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,969,259
Program Service Revenue $567,117
Investment Income $146,488
Other Revenue $4,874,707
TOTAL REVENUE $9,557,571

Expense Breakdown

Grants Paid $1,250,000
Salaries & Benefits $1,843,761
Fundraising Expenses $426,578
Program Expenses $4,316,771
Other Expenses $6,023,439
TOTAL EXPENSES $9,117,200

Year-over-Year Comparison

2024 2023 Change
Revenue $9,557,571 $3,890,761 +1.5%
Expenses $9,117,200 $3,444,188 +1.6%
Net Income $440,371 $446,573 0.0%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
22
Independent Members
22
Employees
72
Volunteers
22

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
24
$177,081
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANCIS GREENBURGER CHAIR 5.00
Officer Director
$0 $0 $0
GAVIN BERGER TREASURER 1.00
Officer Director
$0 $0 $0
MAX PASTOR SECRETARY 1.00
Officer Director
$0 $0 $0
ISABELLE AUTONES BOARD MEMBER 1.00
Officer Director
$0 $0 $0
RICH BENJAMIN BOARD MEMBER 1.00
Officer Director
$0 $0 $0
HEATHER BHANDARI BOARD MEMBER 1.00
Officer Director
$0 $0 $0
PETER CROSS BOARD MEMBER 1.00
Officer Director
$0 $0 $0
TARIK CURRIMBHOY BOARD MEMBER 1.00
Officer Director
$0 $0 $0
NATALIE DIAZ BOARD MEMBER 1.00
Officer Director
$0 $0 $0
DAN DEVINE BOARD MEMBER 1.00
Officer Director
$0 $0 $0
ELIZABETH DUFFY BOARD MEMBER 1.00
Officer Director
$0 $0 $0
ROBERT KANTOR BOARD MEMBER 1.00
Officer Director
$0 $0 $0
DAVID KRA BOARD MEMBER 1.00
Officer Director
$0 $0 $0
OLIVER KRUSE BOARD MEMBER 1.00
Officer Director
$0 $0 $0
CORINA LARKIN BOARD MEMBER 1.00
Officer Director
$0 $0 $0
CHERRIE NANNINGA BOARD MEMBER 1.00
Officer Director
$0 $0 $0
SUZANNE RANDOLPH BOARD MEMBER 1.00
Officer Director
$0 $0 $0
STEPHANIE ROYAL BOARD MEMBER 1.00
Officer Director
$0 $0 $0
JANE SADOWSKY BOARD MEMBER 1.00
Officer Director
$0 $0 $0
ANDERS U SCHROEDER BOARD MEMBER 1.00
Officer Director
$0 $0 $0
JOE THOMPSON BOARD MEMBER 1.00
Officer Director
$0 $0 $0
JANE TROMBLEY BOARD MEMBER 1.00
Officer Director
$0 $0 $0
JEREMY ADAMS CO-EXECUTIVE DIRECTOR 40.00
Officer
$91,789 $0 $91,789
RUTH ADAMS CO-EXECUTIVE DIRECTOR 40.00
Officer
$85,292 $0 $85,292
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 $9,557,571 $9,117,200 $48,172,688 $440,371
2023 $3,890,761 $3,444,188 $42,410,957 $446,573
2022 $3,052,834 $3,237,859 $41,849,158 $-185,025
2021 $3,128,359 $2,895,615 $43,946,364 $232,744
2020 $7,836,256 $2,396,796 $43,469,884 $5,439,460
2019 $3,997,347 $2,869,949 $37,149,395 $1,127,398
2018 $3,520,878 $2,368,159 $36,454,438 $1,152,719
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