THE INSTITUTE FOR ART AND OLFACTION (EIN 463012493) - 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

2013

Legal Domicile

Principal Officer

SASKIA WILSON-BROWN

Phone

4155183613

Tax Period

2023-01-01 to 2023-12-31

THE INSTITUTE FOR ART AND OLFACTION, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $257K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

PUBLIC EDUCATION PROGRAMS RELATED TO OLFACTIVE ARTS AND PUBLIC AWARENESS OF OLFACTIVE ARTS VIA PUBLIC SPEAKING ENGAGEMENTS

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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 $25,392

Program Service Revenue $231,677

Investment Income $6

Other Revenue $0

TOTAL REVENUE $257,075

Expense Breakdown

Grants Paid $0

Salaries & Benefits $161,717

Fundraising Expenses $0

Program Expenses $231,889

Other Expenses $89,779

TOTAL EXPENSES $251,496

Year-over-Year Comparison

	2023	2022	Change
Revenue	$257,075	$287,572	-0.1%
Expenses	$251,496	$263,360	0.0%
Net Income	$5,579	$24,212	-0.8%

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

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

$43,650

Total Directors

$43,650

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SASKIA WILSON-BROWN	EXECUTIVE DIRECTOR	20.00	Officer Director	$43,650	$0	$43,650
MICAH HAHN	CHIEF EXECUTIVE OFFICER	5.00	Officer Director	$0	$0	$0
MINETTA ROGERS	SECRETARY	5.00	Officer Director	$0	$0	$0
JULIANNE LEE	CHIEF FINANCIAL OFFICER	5.00	Officer 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
2023	$257,075	$251,496	$108,656	$5,579
2022	$287,572	$263,360	$103,077	$24,212
2021	$218,541	$211,952	$78,865	$6,589
2020	$211,188	$187,111	$72,276	$24,077

THE INSTITUTE FOR ART AND OLFACTION