GARFIELD CENTER FOUNDATION INC (EIN 522343419) - 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

2002

Legal Domicile

Principal Officer

MARK SULLIVAN

Tax Period

2023-01-01 to 2023-12-31

GARFIELD CENTER FOUNDATION INC, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $182K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $278K exceeded revenue, resulting in a 53% operating deficit.

Mission

TO INVIGORATE THE CULTURAL LIFE OF OUR COMMUNITY BY NUTURING, CELEBRATING AND SUPPORTING ARTS AND ARTISTS THROUGH PERFORMANCE AND EDUCATION.

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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 $86,555

Program Service Revenue $95,481

Investment Income $15

Other Revenue $0

TOTAL REVENUE $182,051

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,563

Fundraising Expenses $4,294

Program Expenses $228,531

Other Expenses $191,904

TOTAL EXPENSES $278,467

Year-over-Year Comparison

	2023	2022	Change
Revenue	$182,051	$254,976	-0.3%
Expenses	$278,467	$369,995	-0.2%
Net Income	$-96,416	$-115,019	-0.2%

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

130

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
SAMANTHA BRANHAM	DIRECTOR	2.00	Director	$0	$0	$0
KAREN FERGUSON	TREASURER	6.00	Director	$0	$0	$0
MATTHEW GARFIELD	HONARARY CHA	1.00	Director	$0	$0	$0
NATALIE LANE	SECRETARY	5.00	Officer Director	$0	$0	$0
MELISSA MCGLYNN	DIRECTOR	1.00	Director	$0	$0	$0
N/A	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
KRISTEN OWEN	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER KAFKA SMITH	DIRECTOR	2.00	Director	$0	$0	$0
ROSEANN SQUIRE	DIRECTOR	1.00	Director	$0	$0	$0
MARK SULLIVAN	PRESIDENT	8.00	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
2024	No data	No data	No data	No data
2023	$182,051	$278,467	$999,922	$-96,416
2022	$254,976	$369,995	$1,106,265	$-115,019
2021	$339,583	$252,708	$1,204,643	$86,875
2020	$198,718	$176,735	$1,211,434	$21,983
2019	$258,058	$332,866	$1,282,428	$-74,808
2018	$322,209	$375,796	$1,413,695	$-53,587

GARFIELD CENTER FOUNDATION INC