THE AMERICAN FRIENDS OF THE LUDWIG FOUNDATION OF CUBA

EIN: 134100310 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$-199,670
Total Expenses
$194,190
Total Assets
$853,238
Net Assets
$513,402
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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
2000
Legal Domicile
NY
Principal Officer
CAROLE ROSENBERG
Phone
2126283494
Tax Period
2023-01-01 to 2023-12-31

THE AMERICAN FRIENDS OF THE LUDWIG FOUNDATION OF CUBA, founded in 2000, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $200K in total revenue in fiscal year 2023. Revenue fell 181% from the prior year — a significant decline worth monitoring.

Mission

BUILD CULTURAL BRIDGES BETWEEN THE U.S. AND CUBA THROUGH PROGRAMS IN THE ARTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $196,405
Program Service Revenue $28,134
Investment Income $-424,209
Other Revenue $0
TOTAL REVENUE $-199,670

Expense Breakdown

Grants Paid $0
Salaries & Benefits $62,375
Fundraising Expenses $27,061
Program Expenses $58,356
Other Expenses $131,815
TOTAL EXPENSES $194,190

Year-over-Year Comparison

2023 2022 Change
Revenue $-199,670 $246,049 -1.8%
Expenses $194,190 $264,657 -0.3%
Net Income $-393,860 $-18,608 +20.2%
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

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Governance

Voting Members
17
Independent Members
16
Employees
1
Volunteers
61

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
4
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROLE ROSENBERG PRESIDENT 30.00
Officer Director
$0 $0 $0
BENNET GRUTMAN CHAIRMAN 1.00
Officer Director
$0 $0 $0
ALINA MONTES VICE CHAIR 0.50
Director
$0 $0 $0
JENNIFER FREEMAN SECRETARY 1.00
Officer Director
$0 $0 $0
KYLE ROSENBERG TREASURER 1.00
Officer Director
$0 $0 $0
DENISE BERNARDO DIRECTOR 0.50
Director
$0 $0 $0
JAMES DURKIN DIRECTOR 0.50
Director
$0 $0 $0
ERICA HARTMAN-HORVITZ DIRECTOR 0.50
Director
$0 $0 $0
HELMO HERNANDEZ DIRECTOR 0.50
Director
$0 $0 $0
SUSAN KESSLER DIRECTOR 0.50
Director
$0 $0 $0
MADALENA SHEEHAN DIRECTOR 0.50
Director
$0 $0 $0
ANN MARIE STOCK DIRECTOR 0.50
Director
$0 $0 $0
ROSA TEJADA DIRECTOR 0.50
Director
$0 $0 $0
HELENA VIDAL DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM D ZABEL DIRECTOR 0.50
Director
$0 $0 $0
BARBARA ZAND DIRECTOR 0.50
Director
$0 $0 $0
TERESITA ZUCKER DIRECTOR 0.50
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 No data No data No data No data
2024 No data No data No data No data
2023 $-199,670 $194,190 $853,238 $-393,860
2022 $246,049 $264,657 $1,248,961 $-18,608
2021 $113,607 $223,226 $1,262,600 $-109,619
2020 $97,398 $145,217 $1,359,502 $-47,819
2019 $403,323 $376,723 $1,277,548 $26,600
2018 $248,790 $353,050 $1,527,476 $-104,260
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