PORTRAIT SOCIETY OF AMERICA INC (EIN 593515141) - 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

1998

Legal Domicile

Principal Officer

CHRISTINE EGNOSKI JONAS

Phone

8508789996

Tax Period

2024-01-01 to 2024-12-31

PORTRAIT SOCIETY OF AMERICA INC, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $895K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year.

Mission

TO FOSTER AND ENHANCE AN UNDERSTANDING OF THE PRACTICE, TECHNIQUES AND APPLICATIONS OF TRADITIONAL FINE ART PORTRAITURE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $365,252

Program Service Revenue $518,646

Investment Income $10,899

Other Revenue $0

TOTAL REVENUE $894,797

Expense Breakdown

Grants Paid $5,077

Salaries & Benefits $349,083

Fundraising Expenses $99,226

Program Expenses $604,350

Other Expenses $522,792

TOTAL EXPENSES $876,952

Year-over-Year Comparison

	2024	2023	Change
Revenue	$894,797	$1,059,873	-0.2%
Expenses	$876,952	$929,649	-0.1%
Net Income	$17,845	$130,224	-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

$111,750

Total Directors

$111,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE EGNOSKI JONAS	EXECUTIVE DI	45.00	Officer Director	$111,750	$0	$111,750
MICHAEL SHANE NEAL	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAWN WHITELAW	VICE CHAIR	1.00	Officer Director	$0	$0	$0
WENDE CAPORALE GREENE	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
MARY WHYTE	DIRECTOR	1.00	Director	$0	$0	$0
QUANG HO	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS CARR	DIRECTOR	1.00	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
2024	$894,797	$876,952	$813,233	$17,845
2023	$1,059,873	$929,649	$802,101	$130,224
2022	$870,336	$745,504	$681,192	$124,832
2021	$591,123	$586,999	$564,596	$4,124
2020	$632,552	$585,581	$570,528	$46,971
2019	$716,607	$704,670	$458,541	$11,937
2018	$720,508	$718,970	$451,496	$1,538

PORTRAIT SOCIETY OF AMERICA INC