TransCultural Exchange Inc

EIN: 743061723 501(c)(3) Arts, Culture & Humanities

Boston, MA

Total Revenue
$52,493
Total Expenses
$61,154
Total Assets
$115,779
Net Assets
$115,779
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
MA
Phone
6176700307
Tax Period
2023-01-01 to 2023-12-31

TransCultural Exchange Inc, founded in 2002, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $52K in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $61K exceeded revenue, resulting in a 16% operating deficit.

Mission

Promoting transcultural exchange via art projects. To foster a greater understanding of world cultures, most notably through a biennale Conference on International Opportunities in 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $50,853
Program Service Revenue $0
Investment Income $1,640
Other Revenue $0
TOTAL REVENUE $52,493

Expense Breakdown

Grants Paid $0
Salaries & Benefits $31,000
Fundraising Expenses $3,403
Program Expenses $14,965
Other Expenses $30,154
TOTAL EXPENSES $61,154

Year-over-Year Comparison

2023 2022 Change
Revenue $52,493 $120,231 -0.6%
Expenses $61,154 $77,727 -0.2%
Net Income $-8,661 $42,504 -1.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
2
Volunteers
10

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
3
$31,000
Total Directors
6
$0
Key Employees
1
$31,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mary Sherman Executive Director and PRESIDENT 40.00
Officer Key Emp Highest
$31,000 $0 $31,000
Gordon Amgott Treasurer 5.00
Officer
$0 $0 $0
Mags Harries Director 5.00
Director
$0 $0 $0
Thaddeaus Beal Director 5.00
Director
$0 $0 $0
Susan Cohen Clerk 5.00
Officer Director
$0 $0 $0
Michael Peterson Director 5.00
Director
$0 $0 $0
Jeff Plunkett Director 5.00
Director
$0 $0 $0
Catheline van der Branden Director 5.00
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 No data No data No data No data
2024 No data No data No data No data
2023 $52,493 $61,154 $115,779 $-8,661
2022 $120,231 $77,727 $124,440 $42,504
2021 $52,812 $48,826 $82,079 $3,986
2020 $65,386 $47,995 $78,093 $17,391
2019 $18,129 $43,095 $60,702 $-24,966
2018 $79,158 $79,459 $85,967 $-301
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