Gertrude Herbert Institute of Art (EIN 586004465) - 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

1937

Legal Domicile

Principal Officer

HEATHER WILLIAMS

Phone

7067225495

Tax Period

2023-07-01 to 2024-06-30

Gertrude Herbert Institute of Art, founded in 1937, is a small nonprofit in the Arts, Culture & Humanities sector that reported $339K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year.

Mission

PROVIDE EDUCATION AND VISUALIZATION OF THE ARTS.

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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 $210,186

Program Service Revenue $129,133

Investment Income $0

Other Revenue $0

TOTAL REVENUE $339,319

Expense Breakdown

Grants Paid $0

Salaries & Benefits $149,107

Fundraising Expenses $20,613

Program Expenses $174,764

Other Expenses $184,043

TOTAL EXPENSES $333,150

Year-over-Year Comparison

	2023	2022	Change
Revenue	$339,319	$397,980	-0.1%
Expenses	$333,150	$317,397	+0.0%
Net Income	$6,169	$80,583	-0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
heather williams	executive director	40.00		$62,300	$0	$62,300
GRACE HALVERSON	BOARD CHAIR	0.00	Director	$0	$0	$0
KELLY MOONEY	VICE CHAIR	0.00	Director	$0	$0	$0
DAGNI FREDERICKS	Secretary	0.00	Director	$0	$0	$0
BERNADETTE FORTUNE	Treasurer	0.00	Director	$0	$0	$0
VIVIAN HORNSBY	MEMBER AT LARGE	0.00	Director	$0	$0	$0
Anne Brinson	MEMBER AT LARGE	0.00	Director	$0	$0	$0
NATHAN HEIGLE	MEMBER AT LARGE	0.00	Director	$0	$0	$0
ANNA REEVES	MEMBER AT LARGE	0.00	Director	$0	$0	$0
LASIMA TURMON	MEMBER AT LARGE	0.00	Director	$0	$0	$0
ABIGAIL WESTON	MEMBER AT LARGE	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	$339,319	$333,150	$555,262	$6,169
2023	$397,980	$317,397	$536,212	$80,583
2022	$259,498	$319,433	$462,019	$-59,935
2021	$233,288	$120,101	$521,782	$113,187
2020	$519,374	$246,409	$431,801	$272,965
2019	$296,695	$309,680	$134,450	$-12,985
2018	$283,958	$309,392	$150,946	$-25,434

Gertrude Herbert Institute of Art