Albertine Foundation

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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

1955

Legal Domicile

Phone

2124391449

Tax Period

2024-01-01 to 2024-12-31

Albertine Foundation, founded in 1955, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.6M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $888K, a strong 16% operating margin.

Mission

ALBERTINE FOUNDATION IS AN AMERICAN NONPROFIT ORGANIZATION DEDICATED TO SUPPORTING FRENCH-AMERICAN RELATIONS THROUGH INNOVATIVE CULTURAL AND EDUCATIONAL PROJECTS. ALBERTINE FOUNDATION PROMOTES ARTISTIC, LITERARY AND EDUCATIONAL EXCHANGE AND COLLABORATION BETWEEN CREATIVE PROFESSIONALS FROM BOTH COUNTRIES. WITH ADDITIONAL CORPORATE, FOUNDATION, AND INDIVIDUAL SUPPORT, ALBERTINE FOUNDATION ADMINISTERS GRANT PROGRAMS IN THE PERFORMING AND VISUAL ARTS, CINEMA, TRANSLATION, AND SECONDARY AND HIGHER EDUCATION, WHILE PROVIDING FINANCIAL SPONSORSHIP TO FRENCH-AMERICAN FESTIVALS AND OTHER CULTURAL INITIATIVES. ALBERTINE FOUNDATION FOCUSES ON NEW AND RECENT WORK OF LIVING ARTISTS AND THE PROMOTION OF BILINGUALISM AND THE FRENCH LANGUAGE.

Program Service Accomplishments

Program 1

Expenses: $1,113,004

Villa Albertine covers over 60 artist residencies taking place across the United States every year. Villa Albertine also features a magazine, States, and a post residency initiative.

Program 2

Expenses: $273,374

The French Dual Language Fund (Including FDLP-NY) provides high-quality bilingual education to children in public schools across the U.S.

Program 3

Expenses: $240,328

Etant donnes Contemporary Art aims to strengthen ties between France and the U.S. in the field of contemporary art by fostering active collaboration and encouraging long-lasting partnerships between French visual artists, curators, and collectives and American curators and cultural institutions. The fund supports the discovery of emerging talents, while also sustaining interest in established artists.

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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 $5,480,896

Program Service Revenue $43,085

Investment Income $124,175

Other Revenue $0

TOTAL REVENUE $5,648,156

Expense Breakdown

Grants Paid $2,284,757

Salaries & Benefits $227,253

Fundraising Expenses $159,709

Program Expenses $4,334,265

Other Expenses $2,248,491

TOTAL EXPENSES $4,760,501

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,648,156	$6,852,363	-0.2%
Expenses	$4,760,501	$4,502,827	+0.1%
Net Income	$887,655	$2,349,536	-0.6%

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

$125,195

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adrienne Halpern	SECRETARY	4.0	Officer Director	$0	$0	$0
Patrick Pagni	CHAIR	4.0	Officer Director	$0	$0	$0
Slawomir Krupa	VICE-CHAIR	4.0	Officer Director	$0	$0	$0
Xavier Volatier	TREASURER	4.0	Officer Director	$0	$0	$0
Alain Bernard	TRUSTEE	1.0	Director	$0	$0	$0
Alexandra Lauvaux	TRUSTEE	1.0	Director	$0	$0	$0
Aurlie Cauchy	TRUSTEE	1.0	Director	$0	$0	$0
Bernard Manuel	TRUSTEE	1.0	Director	$0	$0	$0
Charles Cohen	TRUSTEE	1.0	Director	$0	$0	$0
Chris Allexandre	TRUSTEE	1.0	Director	$0	$0	$0
Claire Simier-Karsevar	TRUSTEE	1.0	Director	$0	$0	$0
Clmence Boissonnas-Molin	TRUSTEE	1.0	Director	$0	$0	$0
Cynthia Reed	TRUSTEE	1.0	Director	$0	$0	$0
Dolly Chammas	TRUSTEE	1.0	Director	$0	$0	$0
Leah Pisar	TRUSTEE	1.0	Director	$0	$0	$0
Mamadou-Abou Sarr	TRUSTEE	1.0	Director	$0	$0	$0
Melanie Desliens-Flint	TRUSTEE	1.0	Director	$0	$0	$0
Pierre-Olivier Bouee	TRUSTEE	1.0	Director	$0	$0	$0
Stephane Ducroizet	TRUSTEE	1.0	Director	$0	$0	$0
Stephane Haimo	TRUSTEE	1.0	Director	$0	$0	$0
LAURENT AUFFRET	EXECUTIVE DIRECTOR	37.5	Officer	$119,195	$6,000	$125,195

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	$5,648,156	$4,760,501	$8,997,126	$887,655
2023	$6,852,363	$4,502,827	$7,995,089	$2,349,536
2022	$3,184,961	$3,158,989	$5,489,259	$25,972
2021	$4,421,808	$1,938,031	$5,802,123	$2,483,777
2020	$1,449,085	$975,224	$2,821,309	$473,861
2019	$1,812,547	$2,197,979	$2,551,397	$-385,432
2018	$2,548,820	$2,138,912	$3,220,512	$409,908