Glass Art Society

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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

1971

Legal Domicile

Principal Officer

Brandi Clark

Phone

2063821305

Tax Period

2023-10-01 to 2024-09-30

Glass Art Society, founded in 1971, is a small nonprofit in the Arts, Culture & Humanities sector that reported $640K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $816K exceeded revenue, resulting in a 28% operating deficit.

Mission

Glass Art Society seeks to advance glass arts world-wide by providing a means for networking for itsmembers, as well as providing updates on current trends and happenings in glass.

Program Service Accomplishments

Program 1

Expenses: $591,775 Revenue: $412,580

The Glass Art Society is dedicated to increasing the knowledge and appreciation of art made with glass. This is achieved through an active website, an annual conference, an online juried student...

The Glass Art Society is dedicated to increasing the knowledge and appreciation of art made with glass. This is achieved through an active website, an annual conference, an online juried student exhibition, an online newsletter, a memberships and resource directory and an annual journal distributed to its members and libraries throughout the world.

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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 (2023)

Revenue Breakdown

Contributions & Grants $134,012

Program Service Revenue $412,580

Investment Income $56,908

Other Revenue $36,399

TOTAL REVENUE $639,899

Expense Breakdown

Grants Paid $10,500

Salaries & Benefits $357,559

Fundraising Expenses $96,454

Program Expenses $591,775

Other Expenses $448,231

TOTAL EXPENSES $816,290

Year-over-Year Comparison

	2023	2022	Change
Revenue	$639,899	$452,347	+0.4%
Expenses	$816,290	$660,986	+0.2%
Net Income	$-176,391	$-208,639	-0.2%

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

Total Directors

$97,515

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brandi Clark	Executive Dir.	60.00	Director	$90,615	$6,900	$97,515
Michael Saroka	President	3.00	Director	$0	$0	$0
Nadania Idriss	Vice President	3.00	Director	$0	$0	$0
John Moran	Treasurer	3.00	Director	$0	$0	$0
Lisa Zerkowitz	Secretary	3.00	Director	$0	$0	$0
Benjamin Cobb	Director	1.00	Director	$0	$0	$0
Eric Goldschmidt	Director	1.00	Director	$0	$0	$0
Percy Echols	Director	1.00	Director	$0	$0	$0
Dominika Drozdowska	Director	1.00	Director	$0	$0	$0
Annie Cattrell	Director	1.00	Director	$0	$0	$0
Frederick Romback	Director	1.00	Director	$0	$0	$0
Debra Ruzinsky	Director	1.00	Director	$0	$0	$0
Sunny Wang	Director	1.00	Director	$0	$0	$0
Martha Zackin	Director	1.00	Director	$0	$0	$0
Jocelyn Chan	Student Rep.	1.00	Director	$0	$0	$0
Leia Guo	Student Rep.	1.00	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	$639,899	$816,290	$174,836	$-176,391
2023	$452,347	$660,986	$304,027	$-208,639
2022	$671,211	$711,196	$383,901	$-39,985
2022	$671,211	$711,196	$383,901	$-39,985
2021	$334,298	$388,550	$496,031	$-54,252
2020	$240,723	$468,068	$499,935	$-227,345
2019	$570,862	$625,452	$607,886	$-54,590
2018	$1,123,793	$1,402,844	$669,377	$-279,051