THE AMERICAN FRIENDS OF THE LUDWIG… - 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

2000

Legal Domicile

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 THAT PROVIDE OPPORTUNITIES FOR THE EXCHANGE OF ARTISTIC IDEAS AND INFORMATION.

Program Service Accomplishments

Program 1

Expenses: $26,737 Revenue: $27,081

CUBA-U.S. CULTURAL/EDUCATIONAL EXCHANGE - ORGANIZING TRIPS WHICH PROVIDE AMERICAN AND CUBAN ARTISTS, SCHOLARS,RESEARCHERS, EDUCATORS AND OTHERS, WITH EXTRAORDINARY OPPORTUNITIES TO BROADEN THEIR...

CUBA-U.S. CULTURAL/EDUCATIONAL EXCHANGE - ORGANIZING TRIPS WHICH PROVIDE AMERICAN AND CUBAN ARTISTS, SCHOLARS,RESEARCHERS, EDUCATORS AND OTHERS, WITH EXTRAORDINARY OPPORTUNITIES TO BROADEN THEIR UNDERSTANDING OF THE ARTS, ENHANCE THEIR PROFESSIONAL CAREERS AND ENRICH AND EXPAND CREATIVE EXPRESSION.

Program 2

Expenses: $31,619 Revenue: $1,053

FILM FESTIVAL - AN ANNUAL FESTIVAL WHERE NEW LATIN AMERICAN CINEMA, WITH A STRONG FOCUS ON CUBA, IS PRESENTED ALONG WITH EDUCATIONAL PROJECTS SUCH AS PANEL DISCUSSIONS AND QUESTION AND ANSWER...

FILM FESTIVAL - AN ANNUAL FESTIVAL WHERE NEW LATIN AMERICAN CINEMA, WITH A STRONG FOCUS ON CUBA, IS PRESENTED ALONG WITH EDUCATIONAL PROJECTS SUCH AS PANEL DISCUSSIONS AND QUESTION AND ANSWER SESSIONS WITH FILMMAKERS.

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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 (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

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

Total Directors

Key Employees

Highest Compensated

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

THE AMERICAN FRIENDS OF THE LUDWIG FOUNDATION OF CUBA