THE INSTITUTE FOR AMERICAN INDIAN STUDIES

EIN: 237124597 501(c)(3) Arts, Culture & Humanities

WASHINGTON, CT

Total Revenue
$364,418
Total Expenses
$807,318
Total Assets
$2,729,705
Net Assets
$2,448,805
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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
1971
Legal Domicile
CT
Principal Officer
CRAIG NELSON
Phone
8608680518
Tax Period
2024-01-01 to 2024-12-31

THE INSTITUTE FOR AMERICAN INDIAN STUDIES, founded in 1971, is a small nonprofit in the Arts, Culture & Humanities sector that reported $364K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $807K exceeded revenue, resulting in a 122% operating deficit.

Mission

TO SHARE AND PROMOTE THE SPIRIT OF THE NORTHEAST'S FIRST PEOPLE

Program Service Accomplishments

Program 1
Expenses: $631,023 Revenue: $191,112

TO PROVIDE THE PUBLIC WITH AN UNDERSTANDING AND KNOWLEDGE OF AMERICAN INDIAN CULTURE THROUGH EDUCATIONAL PROGRAMS, MUSEUM EXHIBITS, AND ARCHAEOLOGICAL RESEARCH.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $105,400
Program Service Revenue $191,112
Investment Income $79,369
Other Revenue $-11,463
TOTAL REVENUE $364,418

Expense Breakdown

Grants Paid $0
Salaries & Benefits $534,731
Fundraising Expenses $0
Program Expenses $631,023
Other Expenses $272,587
TOTAL EXPENSES $807,318

Year-over-Year Comparison

2024 2023 Change
Revenue $364,418 $567,282 -0.4%
Expenses $807,318 $743,382 +0.1%
Net Income $-442,900 $-176,100 +1.5%
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

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Governance

Voting Members
12
Independent Members
12
Employees
22
Volunteers
N/A

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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRAIG NELSON CHAIR N/A
Officer Director
$0 $0 $0
DR KATHERINE HERMES VICE-CHAIR N/A
Officer Director
$0 $0 $0
RACHEL ROSENTHAL TREASURER N/A
Officer Director
$0 $0 $0
SARAH GRISWOLD SECRETARY N/A
Officer Director
$0 $0 $0
PAUL SWIGART BOARD MEMBER N/A
Director
$0 $0 $0
SUSAN FILAN BOARD MEMBER N/A
Director
$0 $0 $0
ROBERT PALAZZO BOARD MEMBER N/A
Director
$0 $0 $0
SUSAN PAYNE BOARD MEMBER N/A
Director
$0 $0 $0
RICHARD COWES BOARD MEMBER N/A
Director
$0 $0 $0
MARIE BENNETT BOARD MEMBER N/A
Director
$0 $0 $0
DEBORAH CRONIN BOARD MEMBER N/A
Director
$0 $0 $0
GARY TINNEY BOARD MEMBER N/A
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 $364,418 $807,318 $2,729,705 $-442,900
2023 $567,282 $743,382 $2,781,342 $-176,100
2022 $533,849 $742,965 $3,001,061 $-209,116
2021 $581,261 $701,430 $3,649,541 $-120,169
2020 $249,233 $626,973 $3,760,035 $-377,740
2019 $284,250 $643,374 $3,783,128 $-359,124
2018 $302,086 $571,886 $3,772,361 $-269,800
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