Aesthetic Realism Foundation 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

1973

Legal Domicile

Phone

2127774490

Tax Period

2023-01-01 to 2023-12-31

Aesthetic Realism Foundation Inc, founded in 1973, is a small nonprofit in the Arts, Culture & Humanities sector that reported $464K in total revenue in fiscal year 2023. Net assets of $3.8M represent 99 months of operating reserves.

Mission

THE PURPOSE OF THIS FOUNDATION IS TO TEACH AESTHETIC REALISM, THE PHILOSOPHY FOUNDED IN 1941 BY ELI SIEGEL, AMERICAN POET, CRITIC, AND EDUCATOR; KNOWLEDGE THAT EXPLAINS THE RELATION OF LIFE AND ART, AND MEETS THE URGENT NEED FOR PEOPLE THROUGHOUT AMERICA AND THE WORLD TO SEE EACH OTHER AND REALITY FAIRLY.

Program Service Accomplishments

Program 1

Expenses: $166,055 Revenue: $119,304

AESTHETIC REALISM COURSES AND CLASSES: AESTHETIC REALISM CLASSES AND SEMESTER COURSES, INCLUDING POETRY, ANTHROPOLOGY, MARRIAGE, MUSIC, THE VISUAL ARTS, HISTORY, EDUCATION, AND CURRENT EVENTS. IN...

AESTHETIC REALISM COURSES AND CLASSES: AESTHETIC REALISM CLASSES AND SEMESTER COURSES, INCLUDING POETRY, ANTHROPOLOGY, MARRIAGE, MUSIC, THE VISUAL ARTS, HISTORY, EDUCATION, AND CURRENT EVENTS. IN EACH CLASS STUDENTS SEE HOW THE SUBJECT, IN ALL ITS RICHNESS, IS A MAKING ONE OF THE OPPOSITES THAT ARE PRESENT IN ALL ART AND REALITY, AND THAT PEOPLE ARE TRYING TO PUT TOGETHER IN THEMSELVES. TOTAL ATTENDANCE: 1,916

Program 2

Expenses: $107,297 Revenue: $0

PRESENTATIONS: PUBLIC SEMINARS AND DRAMATIC AND MUSICAL PRESENTATIONS, ALL BASED ON THE PRINCIPLES OF AESTHETIC REALISM. SEMINARS INCLUDE SUCH SUBJECTS AS LOVE, ANGER, AMBITION, PARENTING...

PRESENTATIONS: PUBLIC SEMINARS AND DRAMATIC AND MUSICAL PRESENTATIONS, ALL BASED ON THE PRINCIPLES OF AESTHETIC REALISM. SEMINARS INCLUDE SUCH SUBJECTS AS LOVE, ANGER, AMBITION, PARENTING; GROUNDBREAKING TALKS BY ARTISTS AND SCHOLARS ON THIS NEW WAY OF SEEING THE ARTS, PEOPLE, AND REALITY ITSELF. THE AESTHETIC REALISM THEATRE COMPANY OFFERS PIONEERING MUSICAL AND DRAMATIC PRODUCTIONS, FROM SHAKESPEARE TO ROCK 'N' ROLL, WITH PERFORMANCE AND COMMENT. DUE TO THE COVID-19 PANDEMIC, IN-PERSON PUBLIC EVENTS WERE TEMPORARILY SUSPENDED IN MARCH 2020. THEY WILL RESUME WHEN IT IS SAFE TO DO SO.

Program 3

Expenses: $39,062 Revenue: $495

OUTREACH PROGRAM: THE FOUNDATION'S OUTREACH PROGRAM INCLUDES WORKSHOPS FOR SENIORS IN BOTH ENGLISH AND SPANISH AND FOR CHILDREN AT SCHOOLS AND YOUTH CENTERS; DRAMATIC AND MUSICAL PERFORMANCES BY THE AESTHETIC REALISM THEATRE COMPANY; TALKS ON SUBJECTS FROM ANTHROPOLOGY TO JAZZ, EDUCATION TO ARCHITECTURE AND THE ARTS; ANTI-PREJUDICE AND ANTI-BULLYING WORKSHOPS FOR PEOPLE OF ALL AGES. TOTAL ATTENDANCE: 721

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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 $232,695

Program Service Revenue $126,549

Investment Income $102,734

Other Revenue $1,978

TOTAL REVENUE $463,956

Expense Breakdown

Grants Paid $0

Salaries & Benefits $349,531

Fundraising Expenses $24,822

Program Expenses $386,323

Other Expenses $125,862

TOTAL EXPENSES $475,393

Year-over-Year Comparison

	2023	2022	Change
Revenue	$463,956	$454,265	+0.0%
Expenses	$475,393	$427,663	+0.1%
Net Income	$-11,437	$26,602	-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

Governance

Voting Members

Independent Members

Employees

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

$71,741

Total Directors

$104,527

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Administrative Officer	35.0	Officer Director	$39,814	$0	$39,814
N/A	Administrative Officer	30.0	Officer Director	$31,927	$0	$31,927
N/A	Secretary	3.0	Officer Director	$0	$0	$0
N/A	Executive Director	35.0	Officer Director	$0	$0	$0
N/A	Treasurer	35.0	Officer Director	$0	$0	$0
N/A	Director	10.0	Director	$0	$0	$0
N/A	Director	30.0	Director	$32,786	$0	$32,786
N/A	Director	35.0	Director	$0	$0	$0
N/A	Director	10.0	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
2024	No data	No data	No data	No data
2023	$463,956	$475,393	$3,836,158	$-11,437
2022	$454,265	$427,663	$3,781,613	$26,602
2021	$532,135	$424,199	$4,270,494	$107,936
2020	$533,656	$421,394	$4,117,921	$112,262
2019	$508,643	$468,427	$3,991,304	$40,216
2018	$610,419	$445,826	$3,913,717	$164,593