ASSOCIATION FOR CULTURAL INTERCHAN… - Form 990 Financial Data

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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

1958

Legal Domicile

Principal Officer

WILLIAM P ORCHARD

Phone

2122976199

Tax Period

2023-01-01 to 2023-12-31

ASSOCIATION FOR CULTURAL INTERCHANGE INC, founded in 1958, is a mid-sized nonprofit in the International Affairs sector that reported $11.3M in total revenue in fiscal year 2023. Revenue surged 91% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 26% operating margin.

Mission

ACI PROVIDES A PROGRAM OF SUPPORT AND ASSISTANCE TO OTHER NOT-FOR-PROFIT ORGANIZATIONS AND EDUCATIONAL AND VOCATIONAL TRAINING INSTITUTIONS FROM ELEMENTARY LEVEL THROUGH GRADUATE STUDIES. ACI EMPHASIZES THE PROMOTION OF INTERNATIONAL UNDERSTANDING AND THE INTERCHANGE OF IDEAS AND CULTURAL ACTIVITIES AMONG PEOPLE OF DIFFERENT NATIONS. ACI'S PROGRAM IS CARRIED OUT IN THE UNITED STATES AND FOREIGN COUNTRIES. ACI ACHIEVES THIS BY PROVIDING GRANTS AND LOANS THAT ARE INTEREST-FREE OR BEAR BELOW-MARKET INTEREST RATES TO ORGANIZATIONS THAT FOSTER AND FACILITATE CHARITABLE AND EDUCATIONAL PROGRAMS. ACI ALSO OWNS AND MAINTAINS REAL PROPERTY FACILITIES IN ITALY AND ISRAEL. THOSE FACILITIES ARE MADE AVAILABLE RENT-FREE TO EDUCATIONAL AND CULTURAL INSTITUTIONS OPERATED BY NOT-FOR-PROFIT ORGANIZATIONS. ACI ALSO OWNS AND OPERATES THE SAXUM CENTER IN ISRAEL WHICH OFFER WORKSHOPS, CONFERENCES AND SPIRITUAL RETREATS; AS WELL AS A VISITOR CENTER PROVIDING ORIENTATION FOR PILGIRMS TO THE HOLY LAND.

Program Service Accomplishments

Program 1

Expenses: $3,435,897 Revenue: $109,069

MADE EDUCATIONAL AND TRAINING GRANTS TO FOREIGN AND DOMESTIC INSTITUTIONS. ALSO MANAGED PROGRAM LOANS TO FOREIGN AND DOMESTIC INSTITUTIONS.

Program 2

Expenses: $949,082

DEVELOPED AND MAINTAINED INSTITUTIONAL PROPERTIES IN JERUSALEM AND ROME USED BY CHARITABLE, EDUCATIONAL AND TRAINING INSTITUTIONS. PROGRAM EXPENSES INCLUDE $729,880 IN PROPERTY DEPRECIATION.

Program 3

Expenses: $2,921,367 Revenue: $778,140

SAXUM CENTER CONSISTS OF A CONFERENCE CENTER WHICH OPERATES WORKSHOPS, CONFERENCES AND SPIRITUAL RETREATS; AS WELL AS A VISITOR CENTER. PROGRAM EXPENSES INCLUDE $1,854,464 IN PROPERTY DEPRECIATION.

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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 $2,424,437

Program Service Revenue $990,757

Investment Income $7,964,629

Other Revenue $-58,885

TOTAL REVENUE $11,320,938

Expense Breakdown

Grants Paid $3,348,029

Salaries & Benefits $579,064

Fundraising Expenses $0

Program Expenses $7,409,894

Other Expenses $4,472,315

TOTAL EXPENSES $8,399,408

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,320,938	$5,933,961	+0.9%
Expenses	$8,399,408	$6,787,299	+0.2%
Net Income	$2,921,530	$-853,338	-4.4%

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

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

$233,267

Total Directors

$109,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FEDERICO RIERA-MARSA	V.P./TREASURER/DIRECTOR	4.00	Officer Director	$0	$0	$0
WILLIAM P ORCHARD	PRESIDENT/DIREC	40.00	Officer Director	$109,600	$0	$109,600
LUIS E TELLEZ	DIRECTOR	1.00	Director	$0	$0	$0
JOHN E FAGAN	DIRECTOR	1.00	Director	$0	$0	$0
BRENDAN F QUIGLEY	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$0	$0
TIMOTHY BARRY	DIRECTOR	1.00	Director	$0	$0	$0
JULIEN NAGORE	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW P O'MEARA	EXECUTIVE DIRECTOR	40.00	Officer	$123,667	$0	$123,667

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	$11,320,938	$8,399,408	$221,264,243	$2,921,530
2022	$5,933,961	$6,787,299	$211,426,576	$-853,338
2021	$20,017,646	$6,088,385	$233,666,936	$13,929,261
2020	$3,456,125	$6,113,716	$220,630,168	$-2,657,591
2019	$7,038,030	$5,559,732	$206,831,199	$1,478,298
2018	$10,677,329	$9,308,284	$188,402,555	$1,369,045

ASSOCIATION FOR CULTURAL INTERCHANGE INC