Art Pride New Jersey Foundation Inc

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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

1996

Legal Domicile

Principal Officer

ADAM PERLE

Phone

6094793377

Tax Period

2024-07-01 to 2025-06-30

Art Pride New Jersey Foundation Inc, founded in 1996, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Expenses of $1.5M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE SUPPORT AND PROMOTION OF ARTS IN THE STATE OF NEW JERSEY.

Program Service Accomplishments

Program 1

Expenses: $1,201,863 Revenue: $99,792

ARTPRIDE NEW JERSEY FOUNDATION, INC. ADVANCES THE ARTS AS ESSENTIAL TO NEW JERSEY'S QUALITY OF LIFE AND ITS ECONOMIC VITALITY; PROTECTS PUBLIC ARTS SUPPORT THROUGH GRASSROOTS ADVOCACY EFFORTS; AND...

ARTPRIDE NEW JERSEY FOUNDATION, INC. ADVANCES THE ARTS AS ESSENTIAL TO NEW JERSEY'S QUALITY OF LIFE AND ITS ECONOMIC VITALITY; PROTECTS PUBLIC ARTS SUPPORT THROUGH GRASSROOTS ADVOCACY EFFORTS; AND PROMOTES THE ARTS THROUGH A WIDE RANGE OF PROGRAMS AND SERVICES FOR THE CULTURAL COMMUNITY.

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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 $1,280,222

Program Service Revenue $99,792

Investment Income $0

Other Revenue $3,350

TOTAL REVENUE $1,383,364

Expense Breakdown

Grants Paid $0

Salaries & Benefits $656,928

Fundraising Expenses $30,249

Program Expenses $1,201,863

Other Expenses $880,036

TOTAL EXPENSES $1,536,964

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,383,364	$1,424,345	0.0%
Expenses	$1,536,964	$1,389,062	+0.1%
Net Income	$-153,600	$35,283	-5.4%

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

$126,109

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM PERLE	PRESIDENT & CEO	40.0	Officer	$126,109	$0	$126,109
PAUL MCRAE	CHAIR	2.0	Officer Director	$0	$0	$0
LINDA HARRISON	VICE CHAIR	2.0	Officer Director	$0	$0	$0
ISHA VYAS	VICE CHAIR	2.0	Officer Director	$0	$0	$0
CAROL CRONHEIM	SECRETARY	2.0	Officer Director	$0	$0	$0
MIKE STOTTS	TREASURER	2.0	Officer Director	$0	$0	$0
HEATHER BARBERI	TRUSTEE	2.0	Director	$0	$0	$0
CARIN BERKOWITZ PHD	TRUSTEE	2.0	Director	$0	$0	$0
ALEXANDER R DIAZ	TRUSTEE	2.0	Director	$0	$0	$0
CARLOS FERNANDEZ PHD	TRUSTEE	2.0	Director	$0	$0	$0
KAYLA KIM VOTAPEK	TRUSTEE	2.0	Director	$0	$0	$0
CLIFF MATIAS	TRUSTEE	2.0	Director	$0	$0	$0
MARJORIE NATHANSON	TRUSTEE	2.0	Director	$0	$0	$0
TRACEY O'REGGIO CLARK	TRUSTEE	2.0	Director	$0	$0	$0
SARA SCULLY	TRUSTEE	2.0	Director	$0	$0	$0
ANTHONY SMITH	TRUSTEE	2.0	Director	$0	$0	$0
CORI SOLOMON SANTONE	TRUSTEE	2.0	Director	$0	$0	$0
SEAN STRIEGEL	TRUSTEE	2.0	Director	$0	$0	$0
ANITA THOMAS	TRUSTEE	2.0	Director	$0	$0	$0
LYNNE TOYE	TRUSTEE	2.0	Director	$0	$0	$0
JANICE MARSHALL	TRUSTEE	2.0	Director	$0	$0	$0
RICK DAMMERS PHD	TRUSTEE	2.0	Director	$0	$0	$0
ASIYAH KURTZ	TRUSTEE	2.0	Director	$0	$0	$0
BRIDGET PHIFER	TRUSTEE	2.0	Director	$0	$0	$0
ADAM PHILIPSON	TRUSTEE	2.0	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
2025	$1,383,364	$1,536,964	$726,880	$-153,600
2024	$1,424,345	$1,389,062	$941,865	$35,283
2023	$1,365,256	$1,337,164	$705,945	$28,092
2022	$1,328,725	$1,135,696	$773,044	$193,029
2021	$1,047,157	$995,542	$639,122	$51,615
2020	$1,034,245	$993,498	$295,704	$40,747
2019	$966,486	$950,141	$208,837	$16,345