THE COUNCIL FOR CANADIAN AMERICAN … - Form 990 Financial Data

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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

Principal Officer

DAVID BINET

Phone

6465247272

Tax Period

2023-01-01 to 2023-12-31

THE COUNCIL FOR CANADIAN AMERICAN RELATIONS INC, founded in 1971, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $884K, a strong 25% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO ADVANCE THE PUBLIC'S APPRECIATION OF THE ARTS BY CONDUCTING PROGRAMS AND ACTIVITIES IN CANADA AND THE U.S. THAT PROMOTE ARTISTIC EXCELLENCE AND SUPPORT ARTS AND CULTURAL INSTITUTIONS FUNCTIONING IN AND BETWEEN THE TWO COUNTRIES.

Program Service Accomplishments

Program 1

Expenses: $2,423,506

SUPPORT OF ART AND CULTURAL INSTITUTIONS IN CANADA AND THE UNITED STATES, INCLUDING DONATIONS/ARTWORK/CULTURAL ARTIFACTS BY CANADIAN/AMERICAN ARTISTS TO MUSEUMS/AND GALLERIES FOR EXHIBIT TO THE...

SUPPORT OF ART AND CULTURAL INSTITUTIONS IN CANADA AND THE UNITED STATES, INCLUDING DONATIONS/ARTWORK/CULTURAL ARTIFACTS BY CANADIAN/AMERICAN ARTISTS TO MUSEUMS/AND GALLERIES FOR EXHIBIT TO THE GENERAL PUBLIC.

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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 $3,542,761

Program Service Revenue $0

Investment Income $44,625

Other Revenue $0

TOTAL REVENUE $3,587,386

Expense Breakdown

Grants Paid $2,158,408

Salaries & Benefits $423,635

Fundraising Expenses $143,989

Program Expenses $2,423,506

Other Expenses $120,849

TOTAL EXPENSES $2,702,892

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,587,386	$2,674,710	+0.3%
Expenses	$2,702,892	$2,417,386	+0.1%
Net Income	$884,494	$257,324	+2.4%

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

$273,718

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BINET	CHAIR	1.00	Officer Director	$0	$0	$0
STANLEY M ACKERT III	SECRETARY	1.00	Officer Director	$0	$0	$0
SHAWN TRUDEAU CFA	TREASURER	1.00	Officer Director	$0	$0	$0
CAROL APPEL	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES BURN	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIDGET COLMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW CUMMING	BOARD MEMBER	1.00	Director	$0	$0	$0
DAISY DESROSIERS	BOARD MEMBER	1.00	Director	$0	$0	$0
JUNE S DIPCHAND	BOARD MEMBER	1.00	Director	$0	$0	$0
BERNARD DOUCET	BOARD MEMBER	1.00	Director	$0	$0	$0
IVAN FECAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES D FLECK CC	BOARD MEMBER	1.00	Director	$0	$0	$0
VICKI HEYMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA HUNT	BOARD MEMBER	1.00	Director	$0	$0	$0
VICTORIA JACKMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ELLEN KRATZER	BOARD MEMBER	1.00	Director	$0	$0	$0
DARIEN G LEUNG	BOARD MEMBER	1.00	Director	$0	$0	$0
CATHERINE LOUBIER	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDY MATTHEWS	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY MCCAIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ARMAND MACKENZIE	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID MIRVISH	BOARD MEMBER	1.00	Director	$0	$0	$0
GAIL O'BRIEN	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB RENNIE	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH M ROBERTSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JAY SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
ARNI THORSTEINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DEREK WILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE CLARK	BOARD MEMBER	1.00	Director	$0	$0	$0
ROSAMOND IVEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA LONDON	EXECUTIVE DIRECTOR	1.00	Officer	$255,000	$18,718	$273,718

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$3,587,386	$2,702,892	$3,915,776	$884,494
2022	$2,674,710	$2,417,386	$2,743,898	$257,324
2021	$3,178,474	$2,873,992	$2,490,659	$304,482
2020	$1,914,184	$2,697,319	$2,220,256	$-783,135
2019	$2,220,698	$1,684,386	$2,955,546	$536,312
2018	$2,309,277	$1,438,785	$2,463,849	$870,492

THE COUNCIL FOR CANADIAN AMERICAN RELATIONS INC