Americans for the Arts 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

1996

Legal Domicile

Principal Officer

Jamie Bennett

Phone

2023712830

Tax Period

2023-01-01 to 2023-12-31

Americans for the Arts Inc, founded in 1996, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.6M in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $11.9M exceeded revenue, resulting in a 348% operating deficit.

Mission

The mission of Americans for the Arts (AFTA) is to serve, advance, and lead the network of lead the network of organizations and individuals who cultivate, promote, sustain, and support the arts in America.

Program Service Accomplishments

Program 1

Expenses: $3,967,951 Revenue: $1,342,077

Research and policy: Research and policy is responsible for national society. This research is conducted using various methods and is disseminated through meetings, media and publications that are...

Research and policy: Research and policy is responsible for national society. This research is conducted using various methods and is disseminated through meetings, media and publications that are widely distributed. Signature programs in this area include the arts & economic prosperity study, national arts index and studies on various topics such as local arts funding statistics, united arts fundraising local arts salary information, cultural districts and more that provide important case making data to all arts advocates. The creative forces program serves military service members with traumatic brain injuries at military facilities.

Program 2

Expenses: $4,231,113 Revenue: $210,585

Government and public affairs: Government and public affairs is responsible for all government affairs work and developing partnerships with government and other non-governmental organizations to...

Government and public affairs: Government and public affairs is responsible for all government affairs work and developing partnerships with government and other non-governmental organizations to promote the value of the arts and mission of AFTA's two key programs, including herein are the annual Nancy Hanks lecture on arts and public policy and arts advocacy day activities. This area also includes our arts education policy work advancing equitable access for arts education across the country.

Program 3

Expenses: $418,174

Local arts advancement: Local arts advancement is responsible for providing professional development, case making information and networking opportunities to the many organizations and individuals...

Local arts advancement: Local arts advancement is responsible for providing professional development, case making information and networking opportunities to the many organizations and individuals that work to build stronger communities through the Arts every day they do this work through major convening such as the Annual Convention and National Arts Marketing Project Conference to smaller gatherings like Executive Leadership Forum at Sundance. They also convene networks of core constituencies including Public Art, Emerging Leaders, Rural Arts, County Arts, The US Urban Arts Federation, The New Community Visions Initiative and more. In addition, the implement the membership program and ensure our members receive strong benefits that help achieve their goals.

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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 $815,766

Program Service Revenue $1,552,173

Investment Income $-742

Other Revenue $279,689

TOTAL REVENUE $2,646,886

Expense Breakdown

Grants Paid $864,626

Salaries & Benefits $6,404,632

Fundraising Expenses $702,284

Program Expenses $8,617,238

Other Expenses $4,581,255

TOTAL EXPENSES $11,850,513

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,646,886	$4,922,122	-0.5%
Expenses	$11,850,513	$15,535,917	-0.2%
Net Income	$-9,203,627	$-10,613,795	-0.1%

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

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

$565,348

Total Directors

$869,667

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nolen Bivens	President & CEO	34.50	Officer Director	$550,450	$14,898	$565,348
Caridad Mozur	Senior VP, Development - as of 8/2023	37.50	Director	$129,016	$14,535	$143,551
Daniel Fitzmaurice	Chief of Staff - until 9/2023	37.50	Director	$129,773	$30,995	$160,768
Julie C Muraco	Board Chair	2.00	Officer Director	$0	$0	$0
Abel Lopez Immediate	Past Board Chair - until 12/23	2.00	Officer Director	$0	$0	$0
Michael Spring	Secretary - until 12/23	2.00	Officer Director	$0	$0	$0
Deborah Jordy	Treasurer - until 12/23	2.00	Officer Director	$0	$0	$0
Michelle Boone	Vice Chair	2.00	Officer Director	$0	$0	$0
John Haworth	Vice Chair	2.00	Officer Director	$0	$0	$0
Edgar L Smith Jr	Vice Chair	2.00	Officer Director	$0	$0	$0
Floyd W Green III	At Large	2.00	Director	$0	$0	$0
Debra Garcia y Griego	At Large	2.00	Director	$0	$0	$0
Dorothy Pierce McSweeny	At Large	2.00	Director	$0	$0	$0
Torrie Allen	Director	2.00	Director	$0	$0	$0
Sarah Arison	Director - until 12/23	2.00	Director	$0	$0	$0
Chris Cutler	Director	2.00	Director	$0	$0	$0
Theo Edmonds	Director	2.00	Director	$0	$0	$0
Marc Folk	Director	2.00	Director	$0	$0	$0
Mark Golden	Director	2.00	Director	$0	$0	$0
Susan Goode	Director	2.00	Director	$0	$0	$0
Brian Stokes Mitchell	Director	2.00	Director	$0	$0	$0
Kristina Newman-Scott	Director	2.00	Director	$0	$0	$0
Robert Newman	Director	2.00	Director	$0	$0	$0
Ravi S Rajan	Director	2.00	Director	$0	$0	$0
Ira Sallen	Director	2.00	Director	$0	$0	$0
Nancy Stephens	Director	2.00	Director	$0	$0	$0
Ann S Stock	Director	2.00	Director	$0	$0	$0
Nina Ozlu Tunceli	Counsel & Exec. Dir., AAF	37.50	Highest	$241,169	$46,733	$287,902
Randy Cohen	VP, Research & Policy	37.50	Highest	$205,372	$28,218	$233,590
Nora Halpern	VP, Leadership Alliances	37.50	Highest	$229,492	$17,047	$246,539
Kimberly Hedges	VP, Systems Engagement - until 4/23	37.50	Highest	$157,113	$15,518	$172,631
Maria Elmeralda Paguaga	VP, Strategic Communications	37.50	Highest	$197,621	$20,701	$218,322

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	$2,646,886	$11,850,513	$111,644,188	$-9,203,627
2022	$4,922,122	$15,535,917	$123,306,838	$-10,613,795
2021	$5,323,160	$17,947,199	$112,282,841	$-12,624,039
2020	$8,131,826	$16,016,259	$124,544,965	$-7,884,433
2019	$9,933,692	$18,312,653	$121,574,422	$-8,378,961
2018	$10,957,715	$17,778,317	$113,908,039	$-6,820,602