Gertrude Herbert Art Endowment Inc

EIN: 582012566 501(c)(3)

AUGUSTA, GA

Total Revenue
$33,354
Total Expenses
$53,290
Total Assets
$1,213,123
Net Assets
$1,213,123
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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
1992
Legal Domicile
GA
Principal Officer
CHARLIE KNOX
Phone
7067225495
Tax Period
2023-07-01 to 2024-06-30

Gertrude Herbert Art Endowment Inc, founded in 1992, is a micro nonprofit that reported $33K in total revenue in fiscal year 2023. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $53K exceeded revenue, resulting in a 60% operating deficit.

Mission

SUPPORT GERTRUDE HERBERT INSTITUTE OF ART, INC.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $33,354
Other Revenue $0
TOTAL REVENUE $33,354

Expense Breakdown

Grants Paid $40,226
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $53,290
Other Expenses $13,064
TOTAL EXPENSES $53,290

Year-over-Year Comparison

2023 2022 Change
Revenue $33,354 $69,232 -0.5%
Expenses $53,290 $51,705 +0.0%
Net Income $-19,936 $17,527 -2.1%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES HULL Trustee 0.00
Director
$0 $0 $0
FINLEY MERRY Trustee 0.00
Director
$0 $0 $0
CHARLIE KNOX Trustee 0.00
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
2025 No data No data No data No data
2024 $33,354 $53,290 $1,213,123 $-19,936
2023 $69,232 $51,705 $1,103,481 $17,527
2022 $158,170 $52,801 $1,010,453 $105,369
2021 $151,003 $114,960 $1,240,946 $36,043
2020 $66,628 $23,708 $1,085,441 $42,920
2019 $46,878 $12,831 $1,065,432 $34,047
2018 $75,979 $12,390 $1,007,234 $63,589
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