PHOTOGRAPHIC SOCIETY OF AMERICA

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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

1934

Legal Domicile

Principal Officer

LUCIE DIPRONIO

Phone

4058431437

Tax Period

2023-07-01 to 2024-06-30

PHOTOGRAPHIC SOCIETY OF AMERICA, founded in 1934, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $601K, a strong 32% operating margin.

Mission

PROMOTION OF THE ARTS AND SCIENCES OF PHOTOGRAPHY

Program Service Accomplishments

Program 1

Expenses: $335,350 Revenue: $13,828

MEMBERSHIP SERVICES-AWARD OF MERIT, SALES OF PHOTOGRAPHIC SOCIETY OF AMERICA MEMORIBILIA, INFORMATION SERVICES RE:PHOTO TECHNIQUES, PSA SERVICES TO CHAPTERS

Program 2

Expenses: $147,036 Revenue: $2,049

PHOTOGRAPHIC SOCIETY OF AMERICA JOURNAL PRINTING PUBLICATIONS AND CIRCULATION OF MAGAZINES WITH PHOTOS AND ITEMS OF INTEREST

Program 3

Expenses: $162,132 Revenue: $243,270

DIVISION AND COMMITTEE SPECIFIC INFORMATION REGARDING SPECIALTY PHOTOGRAPHIC AND RELATED OVERSIGHT COMMITTEE

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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 $1,428,398

Program Service Revenue $226,216

Investment Income $40,118

Other Revenue $163,390

TOTAL REVENUE $1,858,122

Expense Breakdown

Grants Paid $20,500

Salaries & Benefits $260,899

Fundraising Expenses $0

Program Expenses $786,342

Other Expenses $975,631

TOTAL EXPENSES $1,257,030

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,858,122	$4,345,812	-0.6%
Expenses	$1,257,030	$4,210,091	-0.7%
Net Income	$601,092	$135,721	+3.4%

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

500

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

$88,893

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JR SCHNELZER	PRESIDENT	2.00	Officer Director	$0	$0	$0
LUCIE DIPRONIO	TREASURER	2.00	Officer Director	$0	$0	$0
SHARON PRISLIPSKY	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN LARSON	DIVISIONS V.P.	2.00	Director	$0	$0	$0
JOHN ANDREW HUGHES	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
AGATHA BUNANTA	INTERNATIONAL AFFAIRS V.P.	2.00	Director	$0	$0	$0
CAROL SHEPPARD	PUBLICATIONS V.P.	2.00	Director	$0	$0	$0
STEPHANIE SIORAS	EDUCATION V.P.	2.00	Director	$0	$0	$0
JAMES BODKIN	AT LARGE MEMBER	2.00	Director	$0	$0	$0
LEWIS CHOI	MEMBERSHIP V.P.	2.00	Director	$0	$0	$0
TWILA BOURLON	OFFICE MANAGER	40.00	Officer	$69,172	$19,721	$88,893

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	No data	No data	No data	No data
2024	$1,858,122	$1,257,030	$4,659,052	$601,092
2023	$4,345,812	$4,210,091	$3,769,153	$135,721
2022	$1,188,251	$1,602,746	$3,453,944	$-414,495
2021	$1,621,008	$1,026,837	$4,215,508	$594,171
2020	$1,140,753	$992,612	$3,424,352	$148,141
2019	$1,218,003	$1,065,200	$3,574,536	$152,803