CLOSE UP FOUNDATION (EIN 237122882) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

ERIC ADYDAN

Phone

7037063300

Tax Period

2024-07-01 to 2025-06-30

CLOSE UP FOUNDATION, founded in 1971, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $35.0M in total revenue in fiscal year 2017. Revenue decreased 6% compared to the prior year.

Mission

SEE PART III, LINE 1.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,287,883

Program Service Revenue $37,427,339

Investment Income $397,535

Other Revenue $0

TOTAL REVENUE $41,112,757

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,794,352

Fundraising Expenses $1,171,743

Program Expenses $35,147,154

Other Expenses $31,047,296

TOTAL EXPENSES $42,841,648

Year-over-Year Comparison

	2024	2023	Change
Revenue	$41,112,757	$39,919,109	+0.0%
Expenses	$42,841,648	$42,003,184	+0.0%
Net Income	$-1,728,891	$-2,084,075	-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

277

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

$919,825

Total Directors

$313,876

Key Employees

$602,885

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC ADYDAN	CEO	40.00	Officer Director	$299,131	$14,745	$313,876
JOEL JANKOWSKY	CHAIRMAN, BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
E IVAN ZAPIEN	VICE CHAIRMAN, BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
JANET HALE	CHAIMAN, AUDIT COMMITTEE	1.50	Director	$0	$0	$0
MARGERY KRAUS	CHAIRMAN, GOVER. & NOMINATING COMM.	1.50	Director	$0	$0	$0
ERIC ROSENFELD	CHAIRMAN, FINANCE COMMITTEE	1.50	Director	$0	$0	$0
MICHAEL A ANDREWS	DIRECTOR	1.50	Director	$0	$0	$0
PETER CHERUKURI	DIRECTOR	1.50	Director	$0	$0	$0
AMY DACEY	DIRECTOR	1.50	Director	$0	$0	$0
KIRK FRANCIS	DIRECTOR	1.50	Director	$0	$0	$0
CHRISTOPHER J GOODE	DIRECTOR	1.50	Director	$0	$0	$0
W MICHAEL HOUSE	DIRECTOR	1.50	Director	$0	$0	$0
BRUCE W JENTLESON	DIRECTOR	1.50	Director	$0	$0	$0
KENDRICK MEEK	DIRECTOR	1.50	Director	$0	$0	$0
ILENA ROS-LEHTINEN	DIRECTOR	1.50	Director	$0	$0	$0
ALICE SIU	DIRECTOR	1.50	Director	$0	$0	$0
THOMAS SPULAK	DIRECTOR	1.50	Director	$0	$0	$0
RYAN THOMPSON	DIRECTOR	1.50	Director	$0	$0	$0
GEOFFRY VERHOFF	DIRECTOR	1.50	Director	$0	$0	$0
STEPHANIE STARGELL	CHIEF FIN. & OP. OFF.(UNTIL 12/2024)	40.00	Officer	$338,550	$6,558	$345,108
MIA CHARITY	PRESIDENT	40.00	Officer	$247,386	$13,455	$260,841
JOHN HALLEN JR	CFO (FROM 2/2025)	40.00	Officer	$0	$0	$0
LINDSAY GREENBERG	CHIEF INNOVATION & PROGRAM OFFICER	40.00	Key Emp	$214,766	$25,748	$240,514
JODI MITEVA	VP, BUSINESS DEVELOPMENT	40.00	Key Emp	$174,112	$11,891	$186,003
SHANNON MARYOTT	VP, SALES	40.00	Key Emp	$152,511	$23,857	$176,368
BLAKE KOHN	SENIOR ADVISOR	40.00	Highest	$171,053	$20,763	$191,816
JOHN STURM	VP, PROGRAM OPERATIONS	40.00	Highest	$147,152	$11,490	$158,642
SCOT WILSON	VP, ACADEMICS	40.00	Highest	$139,423	$8,349	$147,772
PORSCHE JOHNSON	SR. DIR., FINANCE	40.00	Highest	$118,048	$15,490	$133,538
LUKE STALLINGS	SR. DIR., ACCOUNT ENGAGEMENT	40.00	Highest	$119,412	$10,789	$130,201

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	$41,112,757	$42,841,648	$15,870,697	$-1,728,891
2024	$39,919,109	$42,003,184	$17,614,895	$-2,084,075
2023	$41,097,715	$40,409,200	$19,350,375	$688,515
2022	$29,947,664	$27,685,877	$14,345,080	$2,261,787
2021	$7,554,330	$7,838,612	$10,857,588	$-284,282
2020	$17,555,025	$21,166,547	$14,709,992	$-3,611,522
2020	$17,555,025	$21,166,547	$14,709,992	$-3,611,522
2019	$37,984,319	$37,822,063	$14,448,466	$162,256
2018	$35,003,040	$34,540,584	$14,528,046	$462,456

CLOSE UP FOUNDATION