NARS FOUNDATION INC (EIN 205292405) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

JUNHO LEE

Phone

7187682765

Tax Period

2025-01-01 to 2025-12-31

NARS FOUNDATION INC, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $371K in total revenue in fiscal year 2025.

Mission

SUPPORTING ARTISTS AND CURATORS ON AN INTERNATIONAL LEVEL AS WELL ENGAGING THE LOCAL COMMUNITY IN BROOKLYN AND THE GREATER NEW YORK AREA. NARS PROVIDES AN ARRAY OF CREATIVE SUPPORT SERVICES AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR EMERGING AND MID-CAREERBROOKLYN AND NY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $176,532

Program Service Revenue $194,131

Investment Income $3

Other Revenue $0

TOTAL REVENUE $370,666

Expense Breakdown

Grants Paid $0

Salaries & Benefits $169,717

Fundraising Expenses $0

Program Expenses $295,029

Other Expenses $225,025

TOTAL EXPENSES $394,742

Year-over-Year Comparison

	2025	2024	Change
Revenue	$370,666	$356,367	+0.0%
Expenses	$394,742	$342,945	+0.2%
Net Income	$-24,076	$13,422	-2.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$67,346

Total Directors

$67,346

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUNHO LEE	FOUNDING DIRECTOR	40.00	Officer Director	$67,346	$0	$67,346
CHONGHUN DANIEL SONG	DIRECTOR	2.00	Director	$0	$0	$0
ED RUBIN	DIRECTOR	2.00	Director	$0	$0	$0
SYLVIA SOYEON KIM	DIRECTOR	2.00	Officer Director	$0	$0	$0
THOMAS ARNOLD	CHAIR	2.00	Officer Director	$0	$0	$0
NICHOLAS TOURON	SECRETARY	2.00	Officer Director	$0	$0	$0
HYEWON YI	DIRECTOR	7.00	Officer	$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	$370,666	$394,742	$97,017	$-24,076
2024	$356,367	$342,945	$122,812	$13,422
2023	$355,287	$295,561	$107,768	$59,726
2022	$286,043	$278,094	$65,078	$7,949
2021	$150,209	$183,366	$403,596	$-33,157
2020	$114,306	$186,768	$154,395	$-72,462
2019	$230,655	$187,628	$111,040	$43,027
2018	$240,724	$202,153	$100,895	$38,571

NARS FOUNDATION INC