JAMES R HALSEY FOUNDATION OF THE A… - 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

Legal Domicile

Phone

6099152649

Tax Period

2025-01-01 to 2025-12-31

JAMES R HALSEY FOUNDATION OF THE ARTS is a small nonprofit in the Arts, Culture & Humanities sector that reported $383K in total revenue in fiscal year 2025. Revenue fell 27% from the prior year — a significant decline worth monitoring.

Mission

The mission of the Foundation is to enrich the quality of life for youths (ages 14 to 20) by promoting and guiding the youth through the processes involved in the art of filmmaking and other art forms.

Program Service Accomplishments

Program 1

Expenses: $317,130

THE JAMES R HALSEY FOUNDATION OPERATED NUMBEROUS PROGRAMS SUCH AS THE "LET'S FILM" PROGRAM DURING THE YEAR TO THE YOUTH IT SERVES

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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 (2025)

Revenue Breakdown

Contributions & Grants $296,706

Program Service Revenue $53,254

Investment Income $0

Other Revenue $32,716

TOTAL REVENUE $382,676

Expense Breakdown

Grants Paid $0

Salaries & Benefits $284,710

Fundraising Expenses $28,064

Program Expenses $317,130

Other Expenses $88,752

TOTAL EXPENSES $373,462

Year-over-Year Comparison

	2025	2024	Change
Revenue	$382,676	$526,491	-0.3%
Expenses	$373,462	$480,082	-0.2%
Net Income	$9,214	$46,409	-0.8%

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

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

$77,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH A HALSEY	CEO	40.00	Officer	$77,500	$0	$77,500
TOMIKA SOMMERS	Treasurer	2.00	Officer Director	$0	$0	$0
JENNIFER ANTINORO	Vice Chair	1.00	Officer Director	$0	$0	$0
LISA FERGUSON	Chair	3.00	Officer Director	$0	$0	$0
NICOLE HAGGERT	Secretary	1.00	Officer Director	$0	$0	$0
BILLIE JO STUTO	Trustee	1.00	Director	$0	$0	$0
ERIC VASQUEZ	Trustee	1.00	Director	$0	$0	$0
DENISE GOETTING	Trustee	1.00	Director	$0	$0	$0
SUGENNY SANTIAGO-SALAM	Trustee	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
2025	$382,676	$373,462	$272,456	$9,214
2024	$526,491	$480,082	$319,922	$46,409
2023	$323,352	$405,826	$269,452	$-82,474
2022	$313,858	$222,968	$237,122	$90,890
2021	$190,287	$63,298	$144,192	$126,989
2020	$24,076	$14,746	$16,574	$9,330
2019	$26,589	$20,880	$7,244	$5,709

JAMES R HALSEY FOUNDATION OF THE ARTS