Association of Arts Administration Educators Inc

EIN: 953416945 501(c)(3)

New York, NY

Total Revenue
$552,798
Total Expenses
$1,093,229
Total Assets
$398,561
Net Assets
$394,004
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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
1979
Legal Domicile
CA
Principal Officer
Milena D Ivanova
Phone
9292507812
Tax Period
2023-10-01 to 2024-09-30

Association of Arts Administration Educators Inc, founded in 1979, is a small nonprofit that reported $553K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 98% operating deficit.

Mission

AAAE advances an inclusive, equitable, and resilient environment for the arts by supporting arts administration education faculty and programs and serving as a hub for knowledge.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $499,805
Program Service Revenue $9,937
Investment Income $35,981
Other Revenue $7,075
TOTAL REVENUE $552,798

Expense Breakdown

Grants Paid $922,100
Salaries & Benefits $101,161
Fundraising Expenses $0
Program Expenses $55,165
Other Expenses $69,968
TOTAL EXPENSES $1,093,229

Year-over-Year Comparison

2023 2022 Change
Revenue $552,798 $947,388 -0.4%
Expenses $1,093,229 $138,834 +6.9%
Net Income $-540,431 $808,554 -1.7%
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

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Governance

Voting Members
13
Independent Members
12
Employees
2
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
6
$72,000
Total Directors
7
$72,000
Key Employees
1
$72,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Milena D Ivanova Exec Director 040.00
Officer Director Key Emp Highest
$72,000 $0 $72,000
Dr Tiffany Bourgeois Board Member 001.00
Director
$0 $0 $0
Cheryl Slay Carr Board Member 001.00
Director
$0 $0 $0
Destyni Green Board Member 001.00
Director
$0 $0 $0
Dr Youngaah Koh Board Member/CFO 001.00
Director
$0 $0 $0
Rebecca Peirson Board Member/CEO 001.00
Director
$0 $0 $0
Dr Rosemary Polegato Board Member 001.00
Director
$0 $0 $0
Diane Clausen Co-President 002.00
Officer
$0 $0 $0
Aaron Dworkin Co-EDI Liaison 002.00
Officer
$0 $0 $0
Erin Hoppe Secretary 002.00
Officer
$0 $0 $0
Dr Dan Green Co-President 002.00
Officer
$0 $0 $0
Jim O'Connell Treasurer 002.00
Officer
$0 $0 $0
Dr Sharbreon Plummer Immediate Past Co-President 002.00
$0 $0 $0
Michal Laznovsky Ex-Officio 001.00
$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 $552,798 $1,093,229 $398,561 $-540,431
2023 $947,388 $138,834 $935,524 $808,554
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