FRIENDS OF THE INSTITUTE OF CONTEM… - 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

2018

Legal Domicile

Principal Officer

LIAM GILLICK

Phone

7187972673

Tax Period

2021-04-01 to 2022-03-31

FRIENDS OF THE INSTITUTE OF CONTEMPORARY ARTS LONDON INC, founded in 2018, is a small nonprofit that reported $250K in total revenue in fiscal year 2021. Revenue surged 3448% from the prior year, signaling strong growth momentum. Expenses of $216K left a modest 14% surplus.

Mission

TO SUPPORT THE INTSITUTE OF CONTEMPORARY ARTS LONDON.

Program Service Accomplishments

Program 1

Expenses: $202,692 Revenue: $0

THE ORGANIZATION PROVIDED SUPPORT FOR THE PROGRAMS OF THE INSTITUTE OF CONTEMPORARY ARTS LONDON. THESE PROGRAMS INCLUDE ART EXHIBITIONS, FILM PROGRAMS AND OFFISTE AND TOURING EVENTS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $250,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $250,000

Expense Breakdown

Grants Paid $202,692

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $202,692

Other Expenses $12,829

TOTAL EXPENSES $215,521

Year-over-Year Comparison

	2021	2020	Change
Revenue	$250,000	$7,047	+34.5%
Expenses	$215,521	$12,655	+16.0%
Net Income	$34,479	$-5,608	-7.1%

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

N/A

Volunteers

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
RONNIE SASSON	PRESIDENT (THROUGH 10-21)	1.00	Officer Director	$0	$0	$0
LIAM GILLICK	SECRETARY	1.00	Officer Director	$0	$0	$0
DONALD A MOORE	TREASURER (THROUGH 10-21)	1.00	Officer Director	$0	$0	$0
ELEANOR CAYRE	DIRECTOR	1.00	Director	$0	$0	$0
ETHAN WAGNER	DIRECTOR (THROUGH 4-21)	1.00	Director	$0	$0	$0
THEA WESTREICH WAGNER	DIRECTOR(THROUGH 4-21)	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
2022	$250,000	$215,521	$86,452	$34,479

FRIENDS OF THE INSTITUTE OF CONTEMPORARY ARTS LONDON INC