Fotofest Inc

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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

1983

Legal Domicile

Phone

7132235522

Tax Period

2024-05-01 to 2025-04-30

Fotofest Inc, founded in 1983, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring.

Mission

TO CREATE AN INTERNATIONAL FORUM FOR THE EXCHANGE OF PHOTOGRAPHY AND IDEAS. TO PROMOTE PUBLIC APPRECIATION OF PHOTOGRAPHIC ART.

Program Service Accomplishments

Program 1

Expenses: $727,748 Revenue: $108,333

PREPARATION, INSTALLATION, AND PRESENTATION OF PHOTOGRAPHIC EXHIBITIONS AND PROGRAMS, INCLUDING LECTURES, TOURS, AND PANEL DISCUSSIONS. PUBLICATIONS OF PHOTOGRAPHY BOOKS, CATALOGUES, AND GALLERY...

PREPARATION, INSTALLATION, AND PRESENTATION OF PHOTOGRAPHIC EXHIBITIONS AND PROGRAMS, INCLUDING LECTURES, TOURS, AND PANEL DISCUSSIONS. PUBLICATIONS OF PHOTOGRAPHY BOOKS, CATALOGUES, AND GALLERY GUIDES.

Program 2

Expenses: $91,067 Revenue: $14,325

LITERACY THROUGH PHOTOGRAPHY LTP - THE SCHOOL EDUCATION PROGRAM CREATED BY FOTOFEST TO HELP STUDENTS IN GRADES 3-12 STRENGTHEN BASIC LEARNING SKILLS, PARTICULARLY WRITING AND CRITICAL THINKING. THE LEARNING PROGRAM USES PHOTOGRAPHY AND VISUAL IMAGERY AS TOOLS TO STIMULATE STUDENTS' WRITING, COMPREHENSION, ANALYTIC ABILITIES AND COMMUNICATION SKILLS.

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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 $916,851

Program Service Revenue $122,659

Investment Income $48,409

Other Revenue $-20,851

TOTAL REVENUE $1,067,068

Expense Breakdown

Grants Paid $0

Salaries & Benefits $657,343

Fundraising Expenses $115,529

Program Expenses $818,815

Other Expenses $513,443

TOTAL EXPENSES $1,170,786

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,067,068	$2,233,940	-0.5%
Expenses	$1,170,786	$1,768,116	-0.3%
Net Income	$-103,718	$465,824	-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

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

100

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

$135,343

Total Directors