INSTITUTE OF AMERICAN INDIAN ARTS FOUNDATION

EIN: 320377684 501(c)(3)

SANTA FE, NM

Total Revenue
$2,278,972
Total Expenses
$2,432,455
Total Assets
$2,222,049
Net Assets
$1,461,618
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NM
Principal Officer
SUZETTE SHERMAN
Tax Period
2023-10-01 to 2024-09-30

INSTITUTE OF AMERICAN INDIAN ARTS FOUNDATION, founded in 2010, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring.

Mission

TO SUPPORT THE EDUCATIONAL AND CHARITABLE PURPOSES OF THE INSTITUTE OF AMERICAN AND ALASKA NATIVE CULTURE AND ARTS DEVELOPMENT, ALSO KNOWN AS INSTITUTE OF AMERICAN INDIAN 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 (2023)

Revenue Breakdown

Contributions & Grants $2,406,860
Program Service Revenue $0
Investment Income $1,054
Other Revenue $-128,942
TOTAL REVENUE $2,278,972

Expense Breakdown

Grants Paid $2,312,704
Salaries & Benefits $0
Fundraising Expenses $47,143
Program Expenses $2,312,704
Other Expenses $119,751
TOTAL EXPENSES $2,432,455

Year-over-Year Comparison

2023 2022 Change
Revenue $2,278,972 $6,128,636 -0.6%
Expenses $2,432,455 $5,891,135 -0.6%
Net Income $-153,483 $237,501 -1.6%
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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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
33

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
$99,459
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUZETTE SHERMAN EXECUTIVE DIRECTOR 40.00
Officer
$0 $0 $99,459
ELLEN BOOZER BOARD MEMBER 2.00
Director
$0 $0 $0
LORRAINE GALA LEWIS BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAEL PETTIT BOARD MEMBER 2.00
Director
$0 $0 $0
EDWARD GALE BOARD MEMBER 2.00
Director
$0 $0 $0
MONTE YELLOW BIRD Jr BOARD MEMBER 2.00
Director
$0 $0 $0
CHERYL DEMMERT FAIRBANKS BOARD MEMBER 2.00
Director
$0 $0 $0
PETER IVES BOARD MEMBER 2.00
Director
$0 $0 $0
MARK BAHTI BOARD MEMBER 2.00
Director
$0 $0 $0
DAVID RETTIG BOARD MEMBER 2.00
Director
$0 $0 $0
GAIL SHAWE BERNSTEIN VICE CHAIR 2.00
Officer Director
$0 $0 $0
STOCKTON COLT CHAIR 2.00
Officer Director
$0 $0 $0
CONNIE TSOSIE GAUSSOIN SECRETARY 2.00
Officer Director
$0 $0 $0
LEA ANN KNIGHT TREASURER 2.00
Officer 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 $2,278,972 $2,432,455 $2,222,049 $-153,483
2023 $6,128,636 $5,891,135 $2,080,077 $237,501
2022 $4,615,471 $4,373,565 $1,499,180 $241,906
2021 $4,091,934 $3,820,089 $717,518 $271,845
2020 $898,700 $931,205 $353,445 $-32,505
2019 $1,343,604 $1,302,567 $592,250 $41,037
2018 $1,576,014 $1,592,646 $448,919 $-16,632
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