THE HENRY GALLERY ASSOCIATION INC (EIN 237052537) - 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

1968

Legal Domicile

Principal Officer

KAY HUANG

Phone

2066168625

Tax Period

2024-07-01 to 2025-06-30

THE HENRY GALLERY ASSOCIATION INC, founded in 1968, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.3M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $4.8M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO ENGAGE ALL PEOPLE IN THE TRANSFORMATIVE POWER OF CONTEMPORARY ART AND IDEAS.

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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 $3,508,645

Program Service Revenue $18,434

Investment Income $841,466

Other Revenue $-92,597

TOTAL REVENUE $4,275,948

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,946,176

Fundraising Expenses $583,536

Program Expenses $3,147,266

Other Expenses $1,884,779

TOTAL EXPENSES $4,830,955

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,275,948	$3,629,093	+0.2%
Expenses	$4,830,955	$4,379,856	+0.1%
Net Income	$-555,007	$-750,763	-0.3%

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

$307,788

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM GLANT	CO-CHAIR	4.00	Officer Director	$0	$0	$0
LINDA MCDOUGALL LEWIS	CO-CHAIR	4.00	Officer Director	$0	$0	$0
GAIL GIACOBBE	PRESIDENT	4.00	Officer Director	$0	$0	$0
DON BLAKENEY	CO-TREASURER	4.00	Officer Director	$0	$0	$0
KRISTEN SCOTT	CO-TREASURER	4.00	Officer Director	$0	$0	$0
ALAA MENDILI	SECRETARY	4.00	Officer Director	$0	$0	$0
GEOFFREY BARKER	TRUSTEE	1.00	Director	$0	$0	$0
KRISTEN BECKER	TRUSTEE	1.00	Director	$0	$0	$0
ANDY COMER	TRUSTEE	1.00	Director	$0	$0	$0
JAMIE FISH	TRUSTEE	1.00	Director	$0	$0	$0
SETH GRIZZLE	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL HATCH	TRUSTEE	1.00	Director	$0	$0	$0
JEN HIGGINS	TRUSTEE	1.00	Director	$0	$0	$0
STEVE HOEDEMAKER	TRUSTEE	1.00	Director	$0	$0	$0
ERIC HURT	TRUSTEE	1.00	Director	$0	$0	$0
SANGRAM MAJUMDAR	TRUSTEE	1.00	Director	$0	$0	$0
MAREN MONSEN	TRUSTEE	1.00	Director	$0	$0	$0
STEVE SMELT	TRUSTEE	1.00	Director	$0	$0	$0
JULIE SYRDAL	TRUSTEE	1.00	Director	$0	$0	$0
MOLLY JAE VAUGHAN	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT WADE	TRUSTEE	1.00	Director	$0	$0	$0
PETER TRUE	TRUSTEE	1.00	Director	$0	$0	$0
KRIS LEWIS	JOHN S. BEHNKE DIRECTOR	40.00	Officer	$273,838	$33,950	$307,788
RICH REICHLEY	INTERIM DIRECTOR OF FINANCE	40.00	Officer	$0	$0	$0
TANJA BAUMANN	DIR. COMMS & PUBLIC RELATIONS	36.00	Highest	$103,243	$12,011	$115,254
SHAMIM MOMIN	DIR. CURATORIAL AFFAIRS THRU 10/24	40.00	Highest	$102,268	$19,796	$122,064

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	$4,275,948	$4,830,955	$29,679,393	$-555,007
2024	$3,629,093	$4,379,856	$28,327,036	$-750,763
2023	$5,185,627	$4,458,916	$27,402,638	$726,711
2022	$3,948,743	$4,092,721	$26,502,612	$-143,978
2021	$4,211,330	$3,382,366	$28,956,119	$828,964
2020	$3,131,718	$3,221,263	$22,264,607	$-89,545
2019	$2,886,247	$3,324,292	$22,898,829	$-438,045
2018	$3,580,239	$2,919,751	$23,098,176	$660,488

THE HENRY GALLERY ASSOCIATION INC