Foundation for Global Arts (EIN 943165716) - Form 990 Financial Analysis & Trantor Score

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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

1992

Legal Domicile

Phone

9259148484

Tax Period

2024-01-01 to 2024-12-31

Foundation for Global Arts, founded in 1992, is a community nonprofit in the Unknown sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 80% from the prior year, signaling strong growth momentum. The organization ran a surplus of $323K, a strong 28% operating margin.

Mission

Promote mutual understanding between peoples of the United States and other countries; Promote cultural exchange and dialogue through programs involving music and the arts.

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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 (2024)

Revenue Breakdown

Contributions & Grants $974,485

Program Service Revenue $18,572

Investment Income $174,080

Other Revenue $0

TOTAL REVENUE $1,167,137

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,200

Fundraising Expenses $115,555

Program Expenses $660,568

Other Expenses $766,711

TOTAL EXPENSES $843,911

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,167,137	$650,129	+0.8%
Expenses	$843,911	$1,178,020	-0.3%
Net Income	$323,226	$-527,891	-1.6%

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

$77,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Walker	Vice President	5.00	Officer	$40,000	$0	$40,000
Kelly Kaplan	Secretary	10.00	Officer	$37,200	$0	$37,200
Thomas Ferguson	Chairman & Director	0.50	Officer Director	$0	$0	$0
David L Taub	Treasurer & Director	0.50	Officer Director	$0	$0	$0
Diana P Kern	Director	0.50	Director	$0	$0	$0
Shand S Stephens	Director	0.50	Director	$0	$0	$0
Michael J Polenske	Director	0.50	Director	$0	$0	$0
Richard P Walker	President	20.00	Officer	$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	$1,167,137	$843,911	$16,938,533	$323,226
2023	$650,129	$1,178,020	$15,382,843	$-527,891
2022	$2,532,197	$905,307	$14,395,730	$1,626,890
2021	$1,073,047	$1,176,350	$13,594,196	$-103,303
2020	$1,310,857	$1,016,932	$12,524,089	$293,925

Foundation for Global Arts