TRUSTEES OF THE CORCORAN GALLERY OF ART (EIN 530196641) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1869

Legal Domicile

Principal Officer

HARRY F HOPPER

Phone

7035330888

Tax Period

2024-07-01 to 2025-06-30

TRUSTEES OF THE CORCORAN GALLERY OF ART, founded in 1869, is a small nonprofit in the Arts, Culture & Humanities sector that reported $846K in total revenue in fiscal year 2017. Revenue surged 145% from the prior year, signaling strong growth momentum. The organization ran a surplus of $426K, a strong 50% operating margin.

Mission

THE GALLERY WAS FORMED TO ESTABLISH AN INSTITUTION IN WASHINGTON, DC DEDICATED TO ART AND USED FOR THE PURPOSE OF ENCOURAGING AMERICAN GENIUS IN THE PRODUCTION AND PRESERVATION OF WORKS PERTAINING TO THE FINE ARTS AND KINDRED OBJECTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $118,066

Other Revenue $0

TOTAL REVENUE $118,066

Expense Breakdown

Grants Paid $983,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,222,063

Other Expenses $289,204

TOTAL EXPENSES $1,272,204

Year-over-Year Comparison

	2024	2023	Change
Revenue	$118,066	$195,021	-0.4%
Expenses	$1,272,204	$432,697	+1.9%
Net Income	$-1,154,138	$-237,676	+3.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARRY F HOPPER	CHAIRMAN	2.00	Officer Director	$0	$0	$0
FRED KNOPS	TREASURER	2.00	Officer Director	$0	$0	$0
MOLLY ROLANDI	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHELA ENGLISH	DIRECTOR	2.00	Director	$0	$0	$0
SHANNON FINLEY	DIRECTOR	2.00	Director	$0	$0	$0
LINDA FINE	DIRECTOR	2.00	Director	$0	$0	$0
DEBBIE FEINBERG	INTERIM VP FINANCE	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
2025	$118,066	$1,272,204	$648,126	$-1,154,138
2024	$195,021	$432,697	$1,836,234	$-237,676
2023	$142,953	$528,324	$3,046,118	$-385,371
2022	$208,582	$691,787	$4,430,370	$-483,205
2021	$237,677	$596,539	$5,461,946	$-358,862
2020	$256,613	$387,957	$5,410,386	$-131,344
2019	$1,116,816	$676,291	$12,273,681	$440,525
2018	$846,238	$420,333	$11,420,983	$425,905

TRUSTEES OF THE CORCORAN GALLERY OF ART