HIMALAYAN ART RESOURCES INC

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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

1997

Legal Domicile

Phone

6468395919

Tax Period

2023-01-01 to 2023-12-31

HIMALAYAN ART RESOURCES INC, founded in 1997, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $53K in total revenue in fiscal year 2023. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $101K exceeded revenue, resulting in a 88% operating deficit.

Mission

THE ORGANIZATION WAS ORGANIZED TO CREATE A COMPREHENSIVE EDUCATION AND RESEARCH DATABASE, AND VIRTUAL MUSEUM, OF HIMALAYAN ART.

Program Service Accomplishments

Program 1

Expenses: $55,778 Revenue: $53,446

HIMALAYAN ART RESOURCES WEBSITE ("HAR") OVER THE PAST YEAR HAS MAINTAINED AND INCREASED ITS VIEWERSHIP WITH OVER 3000 VIEWS PER DAY. THE THREE PRINCIPAL CONTINENTS FROM WHICH "HAR" DRAWS VIEWERS...

HIMALAYAN ART RESOURCES WEBSITE ("HAR") OVER THE PAST YEAR HAS MAINTAINED AND INCREASED ITS VIEWERSHIP WITH OVER 3000 VIEWS PER DAY. THE THREE PRINCIPAL CONTINENTS FROM WHICH "HAR" DRAWS VIEWERS, EUROPE, ASIA, AND NORTH AMERICA, HAVE INCREASED EQUALLY.THE WEBSITE CURRENTLY BOASTS OVER 100,000 IMAGES, OVER 7000 MAJOR SUBJECT GALLERIES, ALONG WITH HUNDREDS OF NAVIGATION, INDICES, AND GLOSSARY PAGES. OVER 200 VIDEOS HAVE BEEN ADDED TO THE SITE FOR A TOTAL OF OVER 600 VIDEOS HOUSED ON THE YOUTUBE PLATFORM. EACH VIDEO RANGES IN LENGTH FROM 4 TO 15 MINUTES IN LENGTH. A BOOK REVIEW VIDEO PLATFORM IS PROVIDED. PLANS FOR ONLINE LECTURES AND LECTURE COURSES ARE WELL INTO DEVELOPMENT. "HAR" ASSISTED IN A NUMBER OF SMALL JOINT MUSEUM PROJECTS WITH INSTITUTIONS SUCH AS MFA BOSTON AND THE NATIONAL MUSEUM OF ASIAN ART (SMITHSONIAN).THE CURRICULUM AND EDUCATION PAGES HAVE BEEN FURTHER EXPANDED. "HAR" CONTINUES TO HAVE A BACKLOG OF QUEDED IMAGES AWAITING UPOAD. THE "HAR" BOARD HAS REMAINED THE SAME WITH NO ADDITIONS OR RESIGNATIONS.

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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 $29,336

Program Service Revenue $24,111

Investment Income $0

Other Revenue $0

TOTAL REVENUE $53,447

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $55,778

Other Expenses $100,570

TOTAL EXPENSES $100,570

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,447	$1,651,413	-1.0%
Expenses	$100,570	$111,305	-0.1%
Net Income	$-47,123	$1,540,108	-1.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF WATT	Executive Dir.	10.00	Director	$0	$0	$0
WALTER ARADER	Trustee	2.00	Director	$0	$0	$0
LUO WEN HUA	Trustee	1.00	Director	$0	$0	$0
DAVID PRITZKER	Trustee	2.00	Director	$0	$0	$0
MATTHIEU RICARD	Trustee	2.00	Director	$0	$0	$0
DONALD RUBIN	Trustee	2.00	Director	$0	$0	$0
JAMES SHAHEEN	Trustee	2.00	Director	$0	$0	$0
LI HUANG WEI	Trustee	1.00	Director	$0	$0	$0
MICHAEL MCCORMICK	Chairman	2.00	Officer	$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	$53,447	$100,570	$1,707,978	$-47,123
2022	$1,651,413	$111,305	$1,756,862	$1,540,108
2018	$339,509	$419,636	$491,990	$-80,127