INSTITUTE OF FINE ARTS FOUNDATION

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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

1972

Legal Domicile

Principal Officer

STEPHANIE PIANKA

Phone

2129925806

Tax Period

2017-09-01 to 2018-08-31

INSTITUTE OF FINE ARTS FOUNDATION, founded in 1972, is a small nonprofit that reported $888K in total revenue in fiscal year 2017. Revenue surged 78% from the prior year, signaling strong growth momentum. The organization ran a surplus of $304K, a strong 34% operating margin.

Mission

SUPPORTS THE NYU INSTITUTE OF FINE ARTS, A DIVISION OF THE NYU GRADUATE SCHOOL OF ARTS AND SCIENCE; WHICH IS DEVOTED TO GRADUATE TEACHING AND RESEARCH IN THE HISTORY OF ART AND ARCHEOLOGY AND THE CONSERVATION OF WORKS OF ART.

Program Service Accomplishments

Program 1

Expenses: $553,947

NEW YORK UNIVERSITY'S INSTITUTE OF FINE ARTS OFFERS MASTER OF ARTS AND DOCTOR OF PHILOSOPHY DEGREES AND A DIPLOMA IN CONSERVATION OF WORKS OF ART. DURING FISCAL 2017 - 2018, THE FOLLOWING DEGREES OR DIPLOMAS WERE CONFERRED ONTO INSTITUTE STUDENTS: 1) 7 PHD DEGREES 2) 42 MA DEGREES (EXCLUDING CONSERVATION, 47 INCLUDING) 3) 5 DIPLOMAS IN CONSERVATIONTHE INSTITUTE OF FINE ARTS FOUNDATION FUNDS WERE APPLIED BY THE NYU INSTITUTE OF FINE ARTS TOWARDS FACULTY COMPENSATION, STUDENT FELLOWSHIPS, LIBRARY AND VISUAL RESOURCE COLLECTIONS, AND THE CONSERVATION TRAINING PROGRAM, AS WELL AS TOWARDS SUPPORT OF ITS GENERAL PROGRAM.

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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 (2017)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $888,173

Other Revenue $0

TOTAL REVENUE $888,173

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $553,947

Other Expenses $584,026

TOTAL EXPENSES $584,026

Year-over-Year Comparison

	2017	2016	Change
Revenue	$888,173	$500,268	+0.8%
Expenses	$584,026	$577,829	+0.0%
Net Income	$304,147	$-77,561	-4.9%

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

N/A

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

$1,187,220

Total Directors

$4,107,559

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRANCE NOLAN	EX OFFICIO TRUSTEE & SECRETARY	0.30	Officer Director	$0	$43,397	$708,865
ANDREW HAMILTON	EX OFFICIO TRUSTEE	0.30	Director	$0	$462,552	$1,981,202
MARICA VILCEK	PRESIDENT & TRUSTEE	1.00	Officer Director	$0	$0	$0
STEPHANIE PIANKA	EX OFFICIO TRUSTEE & TREASURER	0.30	Officer Director	$0	$35,789	$478,355
KATHERINE FLEMING	EX OFFICIO TRUSTEE	0.30	Director	$0	$27,137	$939,137
DAVID W MCLAUGHLIN	FORMER EX OFFICIO TRUSTEE	0.30		$0	$43,397	$459,038
JOHN SEXTON	FORMER EX OFFICIO TRUSTEE	0.30		$0	$35,789	$762,681
PATRICIA L RUBIN	FORMER SECRETARY & TRUSTEE	0.30		$0	$35,789	$353,110
MARTIN DORPH	FORMER TREASURER & TRUSTEE	0.30		$0	$50,429	$800,008

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
2018	$888,173	$584,026	No data	$304,147