THE CORPORATION OF YADDO

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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

1900

Legal Domicile

Principal Officer

ELAINA RICHARDSON

Phone

5185840746

Tax Period

2024-01-01 to 2024-12-31

THE CORPORATION OF YADDO, founded in 1900, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.0M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $4.5M exceeded revenue, resulting in a 49% operating deficit.

Mission

YADDO MAKES IT POSSIBLE FOR UP TO 300 ARTISTS ANNUALLY TO PURSUE A RANGE OF CREATIVE ENDEAVORS ACROSS MULTIPLE DISCIPLINES BY PROVIDING TIME AND SPACE TO WORK IN A SUPPORTIVE SETTING.

Program Service Accomplishments

Program 1

Expenses: $3,039,435 Revenue: $104,169

YADDO'S RESIDENCY PROGRAM MAKES IT POSSIBLE FOR UP TO 300 ARTISTS ANNUALLY TO PURSUE A RANGE OF CREATIVE ENDEAVORS ACROSS MULTIPLE DISCIPLINES. YADDO WAS DECLARED A NATIONAL HISTORIC LANDMARK IN...

YADDO'S RESIDENCY PROGRAM MAKES IT POSSIBLE FOR UP TO 300 ARTISTS ANNUALLY TO PURSUE A RANGE OF CREATIVE ENDEAVORS ACROSS MULTIPLE DISCIPLINES. YADDO WAS DECLARED A NATIONAL HISTORIC LANDMARK IN 2013, IN RECOGNITION OF ITS CONTRIBUTIONS TO AMERICAN CULTURE AND ART. YADDO CONTINUES TO SUPPORT AND ENCOURAGE CONTEMPORARY COMPOSERS, FILMMAKERS, PERFORMERS, VISUAL ARTISTS AND WRITERS. THE CORPORATION OWNS AN HISTORIC ESTATE WHICH IS USED TO PROVIDE UP TO 300 RESIDENCIES TO A DIVERSE GROUP OF SELECTED INDIVIDUALS IN THE CREATIVE ARTS. THE ARTISTS ARE PROVIDED MEALS, LODGING AND WORKING FACILITIES AT NO CHARGE SO THEY MAY PURSUE CREATIVE WORK IN THEIR CHOSEN MEDIA.

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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 $1,541,530

Program Service Revenue $104,169

Investment Income $1,240,667

Other Revenue $106,922

TOTAL REVENUE $2,993,288

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,341,226

Fundraising Expenses $416,384

Program Expenses $3,039,435

Other Expenses $2,133,555

TOTAL EXPENSES $4,474,781

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,993,288	$3,190,547	-0.1%
Expenses	$4,474,781	$4,830,308	-0.1%
Net Income	$-1,481,493	$-1,639,761	-0.1%

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

$542,555

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER KAYAFAS	CO-CHAIR	2.00	Officer Director	$0	$0	$0
JANICE YK LEE	CO-CHAIR	2.00	Officer Director	$0	$0	$0
ALEXI WORTH	VICE CHAIR	2.00	Officer Director	$0	$0	$0
STACIE H ARPEY	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE CARO	DIRECTOR	1.00	Director	$0	$0	$0
ANN CHEN	DIRECTOR	1.00	Director	$0	$0	$0
BRIDGET M FAWCETT	DIRECTOR	1.00	Director	$0	$0	$0
WILLIS GOLDSMITH	DIRECTOR	1.00	Director	$0	$0	$0
JAMES HANNAHAM	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL JACOBS	DIRECTOR	1.00	Director	$0	$0	$0
LAURA KARETZKY	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH KECKLER	DIRECTOR	1.00	Director	$0	$0	$0
MARK KING	DIRECTOR	1.00	Director	$0	$0	$0
AMITAVA KUMAR	DIRECTOR	1.00	Director	$0	$0	$0
ODILI DONALD ODITA	DIRECTOR	1.00	Director	$0	$0	$0
TARIK O'REGAN	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE ROSMAN	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW SOLOMON	DIRECTOR	1.00	Director	$0	$0	$0
MANUEL SOSA	DIRECTOR	1.00	Director	$0	$0	$0
ELAINA RICHARDSON	PRESIDENT	40.00	Officer	$368,909	$27,872	$396,781
MICHELE HANNAH	VICE PRESIDENT OF FINANCE	40.00	Officer	$129,805	$15,969	$145,774

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	$2,993,288	$4,474,781	$54,288,238	$-1,481,493
2023	$3,190,547	$4,830,308	$53,313,056	$-1,639,761
2022	$3,869,899	$4,358,397	$51,979,807	$-488,498
2021	$4,491,706	$3,762,735	$58,580,101	$728,971
2020	$3,301,866	$3,253,445	$55,031,584	$48,421
2019	$3,977,714	$3,867,680	$52,204,083	$110,034
2018	$3,755,720	$3,396,653	$48,500,987	$359,067