GRANTMAKERS IN THE ARTS

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

EDWIN TORRES

Phone

9294523740

Tax Period

2023-01-01 to 2023-12-31

GRANTMAKERS IN THE ARTS, founded in 1989, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $2.6M exceeded revenue, resulting in a 19% operating deficit.

Mission

GRANTMAKERS IN THE ARTS (GIA) IS A NATIONAL NETWORK FOR PRIVATE,PUBLIC, AND CORPORATE ARTS FUNDERS AND PROVIDES LEADERSHIP AND SERVICE THAT ADVANCES THE USE OF PHILANTHROPIC AND GOVERNMENTAL RESOURCES TO SUPPORT THE GROWTH OF ARTS AND CULTURE.

Program Service Accomplishments

Program 1

Expenses: $1,061,395 Revenue: $801,430

Conference: Grantmakers in the Arts produces an annual national conference open to all staff and boards of trustees of arts funders. The conference offers 20 - 50 educational sessions on best...

Conference: Grantmakers in the Arts produces an annual national conference open to all staff and boards of trustees of arts funders. The conference offers 20 - 50 educational sessions on best practices, funding trends, current successful programs, and unique philanthropic challenges. Keynote speakers and artists provide inspirational and educational presentations. Held in a different city each year, sessions also extend to local arts venues for greater impact. The 2023 conference was held in San Juan, Puerto Rico, and was our best-attended ever.

Program 2

Expenses: $646,881 Revenue: $438,474

Other Programs: This program category includes research on support for individual artists; webinars and podcasts; research on philanthropic trends and issues; the National Capitalization Project; and publication of our online Reader. GIA provides educational content for arts funders through a daily changing newsfeed on itswebsite, on-line webinars open to members and later available to the general public; public podcasts, an online publication (the GIA Reader) featuring trends and relevant issues, online workshops on sound capitalization principles for non-profit arts groups and forums bringing funders together to discuss areas of concernfor the field of arts philanthropy. GIA also engaged in research in the areas of racial equity coding in arts funding and mission-based investing for arts & culture funders, and worked with a futurist consultant to explore how arts funding might be more equitable in a post-pandemic environment.

Program 3

Expenses: $84,475 Revenue: $45,000

Arts Education Funders Coalition: The Arts Education Funders Coalition (AEFC) consists of a national group of grantmakers and advocates who engage with GIA and our advocacy consultant Penn Hill Group to advance the role of the arts in federal public policy. Most recently, GIA worked with Representative Suzanne Bonamici (D-OR) on the development of the Arts Education for All Act, the broadest arts education policy bill ever introduced in Congress. GIA influenced the U.S. Department of Education to highlight the importance of equitable access to arts and culture when determining how to reopen schools.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,730,020

Program Service Revenue $428,108

Investment Income $13,699

Other Revenue $4,115

TOTAL REVENUE $2,175,942

Expense Breakdown

Grants Paid $0

Salaries & Benefits $981,444

Fundraising Expenses $270,193

Program Expenses $1,830,751

Other Expenses $1,613,658

TOTAL EXPENSES $2,595,102

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,175,942	$3,617,000	-0.4%
Expenses	$2,595,102	$2,587,470	+0.0%
Net Income	$-419,160	$1,029,530	-1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$524,664

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWIN TORRES	President & CEO	40.00	Officer	$200,770	$37,314	$238,084
NADIA ELOKDAH	VP & Prog. Dir.	40.00	Officer	$131,121	$30,264	$161,385
CHAMP KNECHT	DIR.OPS & FIN.	40.00	Officer	$113,427	$11,768	$125,195
Sherylynn Sealy	Sr Program Manager	40.00		$91,984	$9,530	$101,514
SHARNITA JOHNSON	CHAIR	2.00	Officer Director	$0	$0	$0
ELEANOR SAVAGE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
LONG CHU	TREASURER	2.00	Officer Director	$0	$0	$0
QUITA SULLIVAN	SECRETARY	2.00	Officer Director	$0	$0	$0
ROCIO ARANDA-ALVARADO	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERTO BEDOYA	BOARD MEMBER	2.00	Director	$0	$0	$0
RANDY ENGSTROM	BOARD MEMBER	2.00	Director	$0	$0	$0
PAM BREAUX	BOARD MEMBER	2.00	Director	$0	$0	$0
ADRIANA GALLEGO	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHELLE COFFEY	BOARD MEMBER	2.00	Director	$0	$0	$0
AMBER HAMILTON	BOARD MEMBER	2.00	Director	$0	$0	$0
SHARON DEMARK	BOARD MEMBER	2.00	Director	$0	$0	$0
TINA KUCKKAHN	BOARD MEMBER	2.00	Director	$0	$0	$0
KATHY MOUACHEUPAO	BOARD MEMBER	2.00	Director	$0	$0	$0
TARIANA NAVAS-NIEVES	BOARD MEMBER	2.00	Director	$0	$0	$0
KRISTIN SAKODA	BOARD MEMBER	2.00	Director	$0	$0	$0
EMIKO ONO	BOARD MEMBER	2.00	Director	$0	$0	$0
GABRIELLE STRONG	BOARD MEMBER	2.00	Director	$0	$0	$0
GLENISSE PAGAN ORTIZ	BOARD MEMBER	2.00	Director	$0	$0	$0
ZEYBA RAHMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
CARLTON TURNER	BOARD MEMBER	2.00	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
2024	No data	No data	No data	No data
2023	$2,175,942	$2,595,102	$4,164,261	$-419,160
2022	$3,617,000	$2,587,470	$4,570,750	$1,029,530
2021	$2,308,802	$1,826,317	$3,825,984	$482,485
2020	$929,010	$1,711,036	$2,878,898	$-782,026
2019	$3,050,180	$1,869,390	$2,985,267	$1,180,790
2018	$1,935,844	$2,316,607	$1,743,891	$-380,763