Institute for Doctoral Studies in … - 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

2006

Legal Domicile

Principal Officer

Simonetta Moro

Phone

2078798757

Tax Period

2024-05-01 to 2025-04-30

Institute for Doctoral Studies in the Visual Arts, founded in 2006, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2024. Expenses of $2.7M left a modest 4% surplus.

Mission

To operate a school of graduate studies providing education in philosophy, aesthetics, art theory, and similar disciplines related to the visual arts.

Program Service Accomplishments

Program 1

Expenses: $2,083,656 Revenue: $2,763,416

The provision of doctoral studies to holders of the MFA or the master's degree in a related field, the conferring of PhD degrees, and otherwise providing education and training related to the arts...

The provision of doctoral studies to holders of the MFA or the master's degree in a related field, the conferring of PhD degrees, and otherwise providing education and training related to the arts. The Institute had approximately 53 full-time equivalent students during 2024-2025.

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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 $57,000

Program Service Revenue $2,678,602

Investment Income $76,933

Other Revenue $7,881

TOTAL REVENUE $2,820,416

Expense Breakdown

Grants Paid $976,182

Salaries & Benefits $961,479

Fundraising Expenses $169,254

Program Expenses $2,083,656

Other Expenses $776,212

TOTAL EXPENSES $2,713,873

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,820,416	$2,619,600	+0.1%
Expenses	$2,713,873	$2,581,769	+0.1%
Net Income	$106,543	$37,831	+1.8%

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

$382,334

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul McDonald	Co-Chair & Treasurer	1.00	Officer Director	$0	$0	$0
Jonathan Koperniak	Director	1.00	Director	$0	$0	$0
Deborah Willis	Director	1.00	Director	$0	$0	$0
Edgar Coons Jr	Director	1.00	Director	$0	$0	$0
Sheila Devine	Director	1.00	Director	$0	$0	$0
Dorit Yaron	Secretary	1.00	Officer Director	$0	$0	$0
Sarah Harrison Smith	Director	1.00	Director	$0	$0	$0
Diala Toure	Director	1.00	Director	$0	$0	$0
Paul Armstrong	Co-Chair	1.00	Officer Director	$0	$0	$0
Kathy Albrecht	Director	1.00	Director	$0	$0	$0
Amy Curtis	Chief Executive Officer	40.00	Officer	$171,674	$20,070	$191,744
Simonetta Moro	President	40.00	Officer	$163,050	$27,540	$190,590

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	$628,158	$759,533	$2,488,478	$-131,375
2025	$2,820,416	$2,713,873	$2,516,297	$106,543
2024	$2,619,600	$2,581,769	$2,320,019	$37,831
2023	$2,437,797	$2,367,693	$2,135,139	$70,104
2022	$1,883,702	$1,794,911	$2,196,695	$88,791
2021	$1,782,319	$1,639,514	$2,102,137	$142,805
2020	$1,653,328	$1,626,984	$1,635,768	$26,344
2019	$2,713,486	$1,655,669	$1,693,694	$1,057,817
2019	$2,713,486	$1,655,669	$1,693,694	$1,057,817
2018	$1,742,629	$1,657,293	$589,176	$85,336

Institute for Doctoral Studies in the Visual Arts