ART ALLIANCE FOR CONTEMPORARY GLASS

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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

Principal Officer

JOHN SOLON

Phone

4803619151

Tax Period

2023-01-01 to 2023-12-31

ART ALLIANCE FOR CONTEMPORARY GLASS, founded in 1989, is a small nonprofit in the Arts, Culture & Humanities sector that reported $280K in total revenue in fiscal year 2023.

Mission

TO FURTHER THE DEVELOPMENT AND APPRECIATION OF ART MADE FROM GLASS THROUGH INFORMING COLLECTORS, CRITICS AND CURATORS OF CURRENT HAPPENINGS; ENCOURAGING AND SUPPORTING MUSEUM EXHIBITIONS, UNIVERSITY GLASS DEPARTMENTS, SPECIALIZED TEACHING PROGRAMS, REGIONAL COLLECTOR

Program Service Accomplishments

Program 1

Expenses: $206,736 Revenue: $247,141

THE ORGANIZATION RUNS TOURS AND TALKS IN CONJUNCTION WITH THE COMMERCIALLY-SPONSORED ANNUAL S.O.F.A. EXHIBITION (SCULPTURE OBJECTS & FUNCTIONAL ARTS). THIS EXHIBITION FEATURES BOOTHS BY MANY...

THE ORGANIZATION RUNS TOURS AND TALKS IN CONJUNCTION WITH THE COMMERCIALLY-SPONSORED ANNUAL S.O.F.A. EXHIBITION (SCULPTURE OBJECTS & FUNCTIONAL ARTS). THIS EXHIBITION FEATURES BOOTHS BY MANY COMMERCIAL GALLERIES, INCLUDING A SUBSTANTIAL NUMBER OF GALLERIES THAT FEATURE ART MADE FROM GLASS. THE ORGANIZATION CONDUCTS EDUCATIONAL PROGRAMS AND AWARD PRESENTATIONS TO SPECIFIC ARTISTS, RECOGNIZED COLLECTORS, AND OTHERS ASSOCIATED WITH GLASS ART. THE ORGANIZATION ALSO SPONSORS A FULL-DAY TOUR OF SEVERAL OUTSTANDING PRIVATE COLLECTIONS IN THE HOST CITY AREA DURING THE S.O.F.A. EXHIBITION. OTHER ACTIVITIES INCLUDE CITY VISITS TO COLLECTIONS, INDIVIDUAL ARTISTS, MUSEUMS, AND GALLERIES.

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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 $145,276

Program Service Revenue $100,992

Investment Income $14,130

Other Revenue $19,825

TOTAL REVENUE $280,223

Expense Breakdown

Grants Paid $101,087

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $206,736

Other Expenses $182,362

TOTAL EXPENSES $283,449

Year-over-Year Comparison

	2023	2022	Change
Revenue	$280,223	$261,411	+0.1%
Expenses	$283,449	$220,725	+0.3%
Net Income	$-3,226	$40,686	-1.1%

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

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURENCE SIBRACK	IMMEDIATE PAST PRESIDENT	1.00	Director	$0	$0	$0
DEMETRA THEOFANOUS	PRESIDENT	3.00	Officer Director	$0	$0	$0
JUDITH ROSS	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
SHARON KARMAZIN	GRANTS CHAIR	2.00	Officer Director	$0	$0	$0
JOHN SOLON	TREASURER	2.00	Officer Director	$0	$0	$0
KENDRA KASTEN	SECRETARY	1.00	Officer Director	$0	$0	$0
FELICE APPELL	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD COHEN	DIRECTOR	1.00	Director	$0	$0	$0
MEEGAN COLL	DIRECTOR	1.00	Director	$0	$0	$0
JACK COPPERSTONE	DIRECTOR	1.00	Director	$0	$0	$0
FLO FEINBERG	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA FERBER	DIRECTOR	1.00	Director	$0	$0	$0
ARLENE GARFINKLE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES GERHARDT	DIRECTOR	1.00	Director	$0	$0	$0
STEVE HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA HEISLER	DIRECTOR	1.00	Director	$0	$0	$0
EVA KLEIN	DIRECTOR	1.00	Director	$0	$0	$0
DIANE MAIER	DIRECTOR	1.00	Director	$0	$0	$0
CAROL MAPES	DIRECTOR	1.00	Director	$0	$0	$0
BONNIE MARX	DIRECTOR	1.00	Director	$0	$0	$0
SHELDON PALLEY	DIRECTOR	1.00	Director	$0	$0	$0
DIANE PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
BONNIE ROTH	DIRECTOR	1.00	Director	$0	$0	$0
FRED SANDERS	DIRECTOR	1.00	Director	$0	$0	$0
FRED SCHOMER	DIRECTOR	1.00	Director	$0	$0	$0
JAN MIRENDA SMITH	DIRECTOR	1.00	Director	$0	$0	$0
GLORYA SPERO	DIRECTOR	1.00	Director	$0	$0	$0
MIKE STONECIPHER	DIRECTOR	1.00	Director	$0	$0	$0
LITA WEINSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
JOAN WEISS	DIRECTOR	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$280,223	$283,449	$427,215	$-3,226
2022	$261,411	$220,725	$422,941	$40,686
2021	$235,671	$133,405	$367,255	$102,266
2020	$189,703	$158,613	$234,758	$31,090
2019	$251,361	$297,270	$253,899	$-45,909
2018	$245,137	$285,930	$288,108	$-40,793