American Friends of the Arts in Ireland

EIN: 273373172 501(c)(3) Arts, Culture & Humanities

New York, NY

Total Revenue
$23,000
Total Expenses
$25,582
Total Assets
$1,938
Net Assets
$1,938
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NY
Principal Officer
James Normile
Phone
6463735418
Tax Period
2020-07-01 to 2021-06-30

American Friends of the Arts in Ireland, founded in 2010, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $23K in total revenue in fiscal year 2020. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $26K exceeded revenue, resulting in a 11% operating deficit.

Mission

To promote cultural exchanges and educational activities between Ireland and the United States and to aid in the exhibition and performance of a broad range of arts.

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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 (2020)

Revenue Breakdown

Contributions & Grants $23,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $23,000

Expense Breakdown

Grants Paid $22,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $22,000
Other Expenses $3,582
TOTAL EXPENSES $25,582

Year-over-Year Comparison

2020 2019 Change
Revenue $23,000 $49,325 -0.5%
Expenses $25,582 $52,931 -0.5%
Net Income $-2,582 $-3,606 -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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
5
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark H Tuohey Chairman 1.00
Officer Director
$0 $0 $0
David Kronn Vice Chairman 1.00
Officer Director
$0 $0 $0
Cormac K H O'Malley President 5.00
Officer Director
$0 $0 $0
Kevin Dooley Kent Esq Treasurer 3.00
Officer Director
$0 $0 $0
Michael McCarthy Secretary 1.00
Officer Director
$0 $0 $0
Thomas T Bryant Board Member 1.00
Director
$0 $0 $0
James F Fitzpatrick Board Member 1.00
Director
$0 $0 $0
James Normile Board Member 1.00
Director
$0 $0 $0
David C O'Sullivan Board Member 1.00
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
2021 $23,000 $25,582 $1,938 $-2,582
2020 $49,325 $52,931 $4,520 $-3,606
2019 $40,093 $38,994 $8,576 $1,099
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