American Folklore Society (EIN 231627523) - Form 990 Financial Analysis & Trantor Score

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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

1888

Legal Domicile

Principal Officer

Jessica Turner

Phone

8128562379

Tax Period

2023-09-01 to 2024-08-31

American Folklore Society, founded in 1888, is a small nonprofit in the Arts, Culture & Humanities sector that reported $542K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $740K exceeded revenue, resulting in a 37% operating deficit.

Mission

To promote, advance, stimulate, and encourage interest and research in, and to serve as a bond among those interested in the study of folklore.

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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 $219,660

Program Service Revenue $307,872

Investment Income $14,308

Other Revenue $0

TOTAL REVENUE $541,840

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,593

Fundraising Expenses $75

Program Expenses $495,182

Other Expenses $539,225

TOTAL EXPENSES $739,818

Year-over-Year Comparison

	2023	2022	Change
Revenue	$541,840	$590,845	-0.1%
Expenses	$739,818	$701,795	+0.1%
Net Income	$-197,978	$-110,950	+0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jessica Turner	Executive Director	40.00		$86,570	$0	$86,570
Amy Skillman	President	2.00	Officer Director	$0	$0	$0
Karen Abdul-Malik	Director	1.00	Director	$0	$0	$0
Tim Frandy	Director	1.00	Director	$0	$0	$0
Maribel Alvarez	Director	1.00	Director	$0	$0	$0
Junious Brickhouse	Director	1.00	Director	$0	$0	$0
Ann Ferrell	Director	1.00	Director	$0	$0	$0
Rossina Zamora Liu	Director	1.00	Director	$0	$0	$0
Jerrilyn McGregory	Director	1.00	Director	$0	$0	$0
Meltem Turkoz	Director	1.00	Director	$0	$0	$0
Kiran Singh Kiran	Director	1.00	Director	$0	$0	$0
Ziying You	Director	1.00	Director	$0	$0	$0
Betty Belanus	Director	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	$541,840	$739,818	$873,817	$-197,978
2023	$590,845	$701,795	$1,059,650	$-110,950
2022	$1,067,335	$607,219	$1,152,134	$460,116
2021	$554,009	$452,053	$746,459	$101,956
2020	$303,701	$380,006	$750,836	$-76,305
2019	$521,769	$544,191	$862,242	$-22,422
2018	$570,464	$563,586	$716,110	$6,878

American Folklore Society