PORTRAIT SOCIETY OF AMERICA INC

EIN: 593515141 501(c)(3) Arts, Culture & Humanities

TALLAHASSEE, FL

Total Revenue
$894,797
Total Expenses
$876,952
Total Assets
$813,233
Net Assets
$703,168
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
FL
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.

Program Service Accomplishments

Program 1
Expenses: $604,350

TO PROMOTE AN UNDERSTANDING AND APPRECIATION OF TRADITIONAL FINE ART PORTRAITURE THROUGH EDUCATION AND PUBLICATIONS.

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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 (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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Governance

Voting Members
4
Independent Members
4
Employees
5
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
4
$111,750
Total Directors
7
$111,750
Key Employees
0
$0
Highest Compensated
0
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
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