Dusti Bonge Art Foundation Inc (EIN 640861167) - 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

1995

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Dusti Bonge Art Foundation Inc, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $329K in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $148K, a strong 45% operating margin.

Mission

TO PROMOTE THE LEGACY OF MODERNIST ARTIST,DUSTI BONGE, AND HER SIGNIFICANT CONTRIBUTION TO 20TH CENTURY ART.

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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 $15,128

Program Service Revenue $28

Investment Income $151,721

Other Revenue $162,235

TOTAL REVENUE $329,112

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,100

Fundraising Expenses $0

Program Expenses $153,678

Other Expenses $114,203

TOTAL EXPENSES $181,303

Year-over-Year Comparison

	2023	2022	Change
Revenue	$329,112	$538,967	-0.4%
Expenses	$181,303	$371,953	-0.5%
Net Income	$147,809	$167,014	-0.1%

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

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
Mimi R Henken	Secretary	5.00	Officer	$0	$0	$0
Julie Smith	Vice President	5.00	Officer	$0	$0	$0
Cynthia Eldridge	Treasurer	5.00	Officer	$0	$0	$0
Carol Leake	President	5.00	Officer	$0	$0	$0
Ligia Romer	Executive Director	40.00	Highest	$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	No data	No data	No data	No data
2023	$329,112	$181,303	$4,981,577	$147,809
2022	$538,967	$371,953	$4,863,775	$167,014
2021	$-48,510	$145,903	$5,014,176	$-194,413
2020	$403,417	$124,449	$5,030,499	$278,968
2019	$388,141	$178,125	$4,985,281	$210,016
2018	$128,995	$132,717	$4,876,165	$-3,722

Dusti Bonge Art Foundation Inc