Rochester Folk Art Guild Inc

EIN: 166069240 501(c)(3) Arts, Culture & Humanities

Middlesex, NY

Total Revenue
$427,098
Total Expenses
$269,379
Total Assets
$1,430,444
Net Assets
$1,034,375
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
NY
Principal Officer
Paul Schliffer
Phone
5855543539
Tax Period
2023-01-01 to 2023-12-31

Rochester Folk Art Guild Inc, founded in 1965, is a small nonprofit in the Arts, Culture & Humanities sector that reported $427K in total revenue in fiscal year 2023. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $158K, a strong 37% operating margin.

Mission

To have different people working together through the production and sale of quality handicrafts.

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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 $279,124
Program Service Revenue $45,774
Investment Income $17,824
Other Revenue $84,376
TOTAL REVENUE $427,098

Expense Breakdown

Grants Paid $0
Salaries & Benefits $54,033
Fundraising Expenses $3,165
Program Expenses $250,065
Other Expenses $215,346
TOTAL EXPENSES $269,379

Year-over-Year Comparison

2023 2022 Change
Revenue $427,098 $259,239 +0.6%
Expenses $269,379 $255,038 +0.1%
Net Income $157,719 $4,201 +36.5%
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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Governance

Voting Members
11
Independent Members
10
Employees
8
Volunteers
15

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
3
$21,000
Total Directors
13
$21,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Colleen Runner President 0.50
Officer Director
$0 $0 $0
Paul Schliffer Treasurer 0.50
Officer Director
$15,000 $0 $15,000
Martin Runner Vice President (Ended 11/23) 0.50
Officer Director
$6,000 $0 $6,000
David Barnet Director 0.50
Director
$0 $0 $0
William Glasner Director 0.50
Director
$0 $0 $0
Sara Jedd-Burnett Director 0.50
Director
$0 $0 $0
Aaron Oldweiler Director (Ended 06/23) 0.50
Director
$0 $0 $0
Nicole Hummel Director 0.50
Director
$0 $0 $0
Michael Hunter Director 0.50
Director
$0 $0 $0
Howard Blair Director 0.50
Director
$0 $0 $0
Samuel Radford Director (Started 06/23) 0.50
Director
$0 $0 $0
Kymberly Finkle Director (Started 06/23) 0.50
Director
$0 $0 $0
Cordelia Machanoff Director (Started 06/23) 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
2024 No data No data No data No data
2023 $427,098 $269,379 $1,430,444 $157,719
2022 $259,239 $255,038 $1,308,043 $4,201
2021 $386,147 $237,843 $1,274,076 $148,304
2020 $171,522 $188,629 $1,116,059 $-17,107
2019 $168,726 $186,567 $1,032,325 $-17,841
2018 $200,665 $175,742 $1,031,990 $24,923
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