INTERNATIONAL ASSOCIATION OF PASTE… - 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

1994

Legal Domicile

Principal Officer

CLIFFORD BAKER

Phone

7815634045

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL ASSOCIATION OF PASTEL SOCIETIES, founded in 1994, is a small nonprofit in the Unknown sector that reported $248K in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $108K, a strong 44% operating margin.

Mission

THE GOAL OF THE ASSOCIATION IS TO PROMOTE THE APPRECIATION AND DESIRABILITY OF THE PASTEL MEDIUM AS A FINE ART MEDIUM BY THE GENERAL PUBLIC, ART MUSEUMS AND GALLERIES, COLLECTORS, ART PUBLISHERS, AND ARTISTS, THE ASSOCIATION IS A MEMBERSHIP ORGANIZATION WHICH SUPPORTS ITS MEMBER PASTEL ART SOCIETIES, WHOSE MEMBERS ARE INDIVIDUAL PASTEL ARTISTS.

Program Service Accomplishments

Program 1

Expenses: $34,817 Revenue: $209,263

INTERNATIONAL ASSOCIATION OF PASTEL SOCIETIES (IAPS) ORGANIZED THE INT'T CONVENTION AT ALBUQUERQUE, NEW MEXICO TO ACHIEVE ITS PRIMARY PURPOSE. IAPS ORGANIZED CONVENTIONS TO GET TOGETHER ALL MEMBERS OF THE PASTEL ART SOCIETIES TO ACHIEVE THE FOLLOWING OBJECTIVES: BRING ALL PASTEL ARTISTS TOGETHER AS ONE LARGE REPRESENATION. IAPS DOES NOT PROVIDE INDIVIDUAL MEMBERSHIP. INDIVIDUALS, WHO BELONG TO AN IAPS MEMBER SOCIETY, RECIEVE ALL BENEFITS OF MEMBERSHIPS, ASSIST ARTISTS IN THEIR INDIVIDUAL ASPIRATIONS TO BECOME BETTER BY EDUCATIONAL AND INFORMATIVE CONVENTIONS, WITH SEMINARS, DEMONSTRATIONS AND PRODUCT INFORMATION TO EXPAND THE ARTIST'S KNOWLEDGE. HELP EACH PASTEL SOCIETY IN A NETWORK OF INFORMATION THAT WILL BE OF VALUE TO ALL MEMBERS. THIS IS ACCOMPLISHED BY EXCHANGING IDEAS AND NEWSLETTERS BETWEEN SOCIETIES. TO CREATE AN AWARENESS TO THE VALUES OF PASTEL PAINTINGS TO ALL ARTISTS, GALLERIES, COLECTORS, MUSEUMS, AS WELL AS POTENTIAL BUYERS OF QUALITY ART. TO EDUCATE ART EXHIBITIONS, SHOWS AND COMPETITIONS ON THE REALITY OF CREATING A PASTEL CATEGORY FOR EQUAL COMPETITION. TO DEVELOP A POSITIVE LINE OF COMMUNICATION WITH VARIOUS ART PUBLICATIONS TO MAINTAIN A REASONABLE FLOW OF PASTEL RELATED FEATURE ARTICLES ABOUT PASTEL ARTISTS.

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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 $33,490

Program Service Revenue $209,209

Investment Income $4,893

Other Revenue $54

TOTAL REVENUE $247,646

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,614

Fundraising Expenses $0

Program Expenses $34,817

Other Expenses $55,912

TOTAL EXPENSES $139,526

Year-over-Year Comparison

	2023	2022	Change
Revenue	$247,646	$406,661	-0.4%
Expenses	$139,526	$395,187	-0.6%
Net Income	$108,120	$11,474	+8.4%

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

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

$77,361

Total Directors

$300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD MCKINLEY	PRESIDENT	30.00	Officer Director	$0	$0	$0
SHIRLEY ANDERSON	VICE PRESIDENT	15.00	Officer Director	$0	$0	$0
CLIFFORD BAKER III	TREASURER	15.00	Officer Director	$0	$0	$0
NANCY NOWAK	DIRECTOR	1.00	Director	$0	$0	$0
RACHAEL SMITH	DIRECTOR	1.00	Director	$0	$0	$0
BECKY NEIDEFFER	DIRECTOR	1.00	Director	$0	$0	$0
LISA RICO	SECRETARY	15.00	Officer Director	$0	$0	$0
JUDITH RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
JIMMY WRIGHT	DIRECTOR	1.00	Director	$300	$0	$300
KAHNE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN WEBER	EXECUTIVE DIRECTOR	40.00	Officer	$77,361	$0	$77,361

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$247,646	$139,526	$418,398	$108,120
2022	$406,661	$395,187	$310,615	$11,474
2021	$225,672	$154,788	$297,965	$70,884
2019	$201,621	$435,994	$282,456	$-234,373
2018	$437,908	$145,402	$517,286	$292,506

INTERNATIONAL ASSOCIATION OF PASTEL SOCIETIES