NATIONAL SOCIETY OF ARTS AND LETTERS (EIN 356019417) - Form 990 Financial Analysis & Trantor Score

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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

1944

Legal Domicile

Principal Officer

Ronald Ivey

Tax Period

2023-06-01 to 2024-05-31

NATIONAL SOCIETY OF ARTS AND LETTERS, founded in 1944, is a small nonprofit that reported $174K in total revenue in fiscal year 2023. Expenses of $197K exceeded revenue, resulting in a 13% operating deficit.

Mission

The organizations mission is to encourage assist young artists.

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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 $13,927

Program Service Revenue $157,383

Investment Income $1,964

Other Revenue $265

TOTAL REVENUE $173,539

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,479

Fundraising Expenses $0

Program Expenses $78,071

Other Expenses $126,337

TOTAL EXPENSES $196,816

Year-over-Year Comparison

	2023	2022	Change
Revenue	$173,539	$163,186	+0.1%
Expenses	$196,816	$142,182	+0.4%
Net Income	$-23,277	$21,004	-2.1%

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

N/A

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

$8,479

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cynthia Steele	Executive Director	010.00	Officer	$8,479	$0	$8,479
Anne White	Immediate Past President	010.00	Director	$0	$0	$0
Mary Ann Osborne	President	020.00	Director	$0	$0	$0
Judi Asselta	First Vice President	010.00	Director	$0	$0	$0
Sarah Wigley	Second Vice President	025.00	Director	$0	$0	$0
Edgar Farr Russell III	Secretary	010.00	Director	$0	$0	$0
Ronald Ivey	Treasurer	015.00	Officer Director	$0	$0	$0
Laura Ivey	Assistant Treasurer	010.00	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
2025	No data	No data	No data	No data
2024	$173,539	$196,816	$378,662	$-23,277
2023	$163,186	$142,182	$321,927	$21,004

NATIONAL SOCIETY OF ARTS AND LETTERS