GRANTMAKERS IN THE ARTS

EIN: 363670955 501(c)(3)

New York, NY

Total Revenue
$2,175,942
Total Expenses
$2,595,102
Total Assets
$4,164,261
Net Assets
$3,375,020
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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
1989
Legal Domicile
NY
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.

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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 $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
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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

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Governance

Voting Members
21
Independent Members
21
Employees
7
Volunteers
26

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
7
$524,664
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
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
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