International Academy of Fine Art

EIN: 411942190 501(c)(3) International Affairs

New Haven, CT

Total Revenue
$4,792,047
Total Expenses
$3,926,137
Total Assets
$9,480,781
Net Assets
$3,387,895
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
CT
Principal Officer
Antonio Vanni
Phone
2033870852
Tax Period
2024-07-01 to 2025-06-30

International Academy of Fine Art, founded in 1991, is a community nonprofit in the International Affairs sector that reported $4.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $866K, a strong 18% operating margin.

Mission

TO PROVIDE THE HIGHEST LEVEL OF INSTRUCTION IN CLASSICAL METHODS OF DRAWING, PAINTING and SCULPTURE for STUDENTS WISHING TO PURSUE CAREERS AS PROFESSIONAL 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $647,568
Program Service Revenue $4,144,479
Investment Income $0
Other Revenue $0
TOTAL REVENUE $4,792,047

Expense Breakdown

Grants Paid $161,783
Salaries & Benefits $1,778,968
Fundraising Expenses $0
Program Expenses $3,085,935
Other Expenses $1,985,386
TOTAL EXPENSES $3,926,137

Year-over-Year Comparison

2024 2023 Change
Revenue $4,792,047 $4,384,047 +0.1%
Expenses $3,926,137 $4,011,766 0.0%
Net Income $865,910 $372,281 +1.3%
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
27
Independent Members
25
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
$182,903
Total Directors
27
$182,903
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Antonio Vanni Executive Director 40.0
Officer Director
$70,586 $5,066 $75,652
thomas Richards President 40.0
Officer Director
$68,214 $7,172 $75,386
Daniel Graves Founder 1.0
Officer Director
$31,865 $0 $31,865
Gregory Hedberg Chairperson 1.0
Officer Director
$0 $0 $0
Christine Emmons Secretary 1.0
Officer Director
$0 $0 $0
Susan Tintori Founding Executive Director 1.0
Officer Director
$0 $0 $0
George C White Founding Chairperson 1.0
Officer Director
$0 $0 $0
DAvid Thompson Treasurer 1.0
Officer Director
$0 $0 $0
Tarra Bandet Trustee 1.0
Director
$0 $0 $0
Robert Emmons Trustee 1.0
Director
$0 $0 $0
Anki Eriksson Graves Trustee 1.0
Director
$0 $0 $0
Jamen Graves Trustee 1.0
Director
$0 $0 $0
Laura Grenning Trustee 1.0
Director
$0 $0 $0
Margaret Hedberg Trustee 1.0
Director
$0 $0 $0
David C Herring Trustee 1.0
Director
$0 $0 $0
richard Hitt Trustee 1.0
Director
$0 $0 $0
Susan Kendall Trustee 1.0
Director
$0 $0 $0
Richard J Massey Trustee 1.0
Director
$0 $0 $0
Jennifer Nash Kochevar Trustee 1.0
Director
$0 $0 $0
Robert K Montgomery Trustee 1.0
Director
$0 $0 $0
Valerie Montgomery Trustee 1.0
Director
$0 $0 $0
Daniel Powell Trustee 1.0
Director
$0 $0 $0
Elizabeth Slaught Trustee 1.0
Director
$0 $0 $0
David Spencer Trustee 1.0
Director
$0 $0 $0
Pamela Thompson Trustee 1.0
Director
$0 $0 $0
Betsy White Trustee 1.0
Director
$0 $0 $0
Nelson White Trustee 1.0
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 $4,792,047 $3,926,137 $9,480,781 $865,910
2024 $4,384,047 $4,011,766 $8,466,677 $372,281
2023 $4,105,004 $3,805,832 $7,894,942 $299,172
2022 $3,896,682 $3,486,094 $7,361,430 $410,588
2021 $2,803,265 $2,728,072 $7,525,391 $75,193
2020 $3,026,864 $2,913,506 $6,879,259 $113,358
2019 $3,794,517 $3,669,367 $7,667,717 $125,150
2018 $4,161,545 $3,808,569 $7,961,643 $352,976
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