AMERICAN FRIENDS OF GRANGE PARK OP… - 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

2017

Legal Domicile

Principal Officer

MARIE VEEDER

Phone

9785264478

Tax Period

2023-01-01 to 2023-12-31

AMERICAN FRIENDS OF GRANGE PARK OPERA FOUNDATION, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $391K in total revenue in fiscal year 2023. Revenue surged 1032% from the prior year, signaling strong growth momentum. Expenses of $376K left a modest 4% surplus.

Mission

ASSIST IN FUNDING OF THE ARTS BY MAKING CONTRIBUTIONS TO VARIOUS CHARITIES AND FOUNDATIONS WHOSE PRIMARY MISSION IS SUPPORT OF THE ARTS.

Program Service Accomplishments

Program 1

Expenses: $375,995 Revenue: $391,085

DURING THE TAXABLE YEAR ENDED DECEMBER 31, 2023, THE ORGANIZATION RECEIVED SEVERAL GRANTS OF $391,085 AND MADE CONTRIBUTIONS TO THE GRANGE PARK OPERA IN THE AMOUNT OF $375,000.

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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 $391,085

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $391,085

Expense Breakdown

Grants Paid $375,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $375,995

Other Expenses $995

TOTAL EXPENSES $375,995

Year-over-Year Comparison

	2023	2022	Change
Revenue	$391,085	$34,542	+10.3%
Expenses	$375,995	$85,000	+3.4%
Net Income	$15,090	$-50,458	-1.3%

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
MARIE VEEDER	PRESIDENT	10.00	Director	$0	$0	$0
LEE CERVANTES MILLBERN	TREASURER	10.00	Director	$0	$0	$0
NOREEN DOYLE	SECRETARY	10.00	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
2023	$391,085	$375,995	$56,548	$15,090
2022	$34,542	$85,000	$41,458	$-50,458
2021	$72,571	$600	$91,916	$71,971

AMERICAN FRIENDS OF GRANGE PARK OPERA FOUNDATION