INTERNATIONAL FRIENDS OF KHM C/O H… - Form 990 Financial Data

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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

2009

Legal Domicile

Principal Officer

STEPHEN M HARNIK

Phone

2125997575

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL FRIENDS OF KHM C/O HARNIK LAW FIRM, founded in 2009, is a small nonprofit in the International Affairs sector that reported $442K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $138K, a strong 31% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO EDUCATE THE PUBLIC ABOUT THE LIFE, WORKS AND TIMES OF ARTIST COLLECTED BY OR EXHIBITED IN EXPOSITIONS OF THE KUNSTHISTORISCHE MUSEUM VIENNA AND ABOUT THE HISTORY OF THE KUNSTHISTORISCHE MUSEUM VIENNA.

Program Service Accomplishments

Program 1

Expenses: $269,080

GENERAL SUPPORT FOR THE KUNSTHISTORISCHE MUSUEM VIENNA AND TO ACQUIRE NEW EXHIBITS.

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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 $441,968

Program Service Revenue $0

Investment Income $14

Other Revenue $0

TOTAL REVENUE $441,982

Expense Breakdown

Grants Paid $269,080

Salaries & Benefits $0

Fundraising Expenses $22,760

Program Expenses $269,080

Other Expenses $35,176

TOTAL EXPENSES $304,256

Year-over-Year Comparison

	2023	2022	Change
Revenue	$441,982	$587,193	-0.2%
Expenses	$304,256	$546,145	-0.4%
Net Income	$137,726	$41,048	+2.4%

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

N/A

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
SABINE M HAAG	DIRECTOR	1.00	Director	$0	$0	$0
GEZA VON HABSBURG	DIRECTOR	1.00	Director	$0	$0	$0
RENEE PRICE	DIRECTOR	1.00	Director	$0	$0	$0
DR FRANZ PICHORNER	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH MADIGAN-JOST	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN M HARNIK	TREASURER & DIRECTOR	1.00	Officer Director	$0	$0	$0
BARBEL HOLAUS-HEINTSCHEL	SECRETARY & DIRECTOR	1.00	Officer 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
2023	$441,982	$304,256	$278,702	$137,726
2022	$587,193	$546,145	$140,976	$41,048
2021	$156,293	$118,416	$99,928	$37,877
2020	$220,805	$365,975	$62,051	$-145,170
2019	$162,321	$5,447	$207,221	$156,874
2018	$41,079	$1,446	$50,347	$39,633

INTERNATIONAL FRIENDS OF KHM C/O HARNIK LAW FIRM