INSTALLATION GALLERY

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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

1982

Legal Domicile

Principal Officer

DIANA KARNAS

Phone

6192300005

Tax Period

2024-03-01 to 2025-02-28

INSTALLATION GALLERY, founded in 1982, is a small nonprofit in the Arts, Culture & Humanities sector that reported $894K in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $362K, a strong 40% operating margin.

Mission

INSTALLATION GALLERY IS DEDICATED TO THE REALIZATION OF BINATIONAL COLLABORATIVE ARTS PARTNERSHIPS AMONG NONPROFITS AND PUBLIC INSTITUTIONS IN THE SAN DIEGO/TIJUANA REGION. INSTALLATION GALLERY'S RESOURCES ARE FOCUSED ON INSITE-A PROJECT THAT INCLUDES THE EXHIBITION OF COMMISSIONED ART IN PUBLIC SPACES, EDUCATION AND COMMUNITY OUTREACH PROGRAMS, AND RESIDENCIES FOR CURATORS AND ARTISTS.

Program Service Accomplishments

Program 1

Expenses: $479,762 Revenue: $65,575

EXPENSES RELATED TO INSITE COMMONPLACES COMMISSIONS, EXHIBITIONS, AND CONFERENCES; ONLINE ARCHIVE AND JOURNALS, AND INSITE LAB. AN ESTIMATED 25,000 BENEFITED FROM IN-PERSON AND ONLINE PROGRAMS.

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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 $828,451

Program Service Revenue $65,575

Investment Income $0

Other Revenue $470

TOTAL REVENUE $894,496

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,791

Fundraising Expenses $14,637

Program Expenses $479,762

Other Expenses $470,606

TOTAL EXPENSES $532,397

Year-over-Year Comparison

	2024	2023	Change
Revenue	$894,496	$572,076	+0.6%
Expenses	$532,397	$480,333	+0.1%
Net Income	$362,099	$91,743	+2.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHE BURNHAM	DIRECTOR	N/A	Director	$0	$0	$0
ROSELLA FIMBRES	DIRECTOR	N/A	Director	$0	$0	$0
FONNA FORRMAN	DIRECTOR	N/A	Director	$0	$0	$0
DAVID GUSS	TREASURER	N/A	Officer Director	$0	$0	$0
ELOISA HAUDENSCHILD	DIRECTOR	N/A	Director	$0	$0	$0
FAYE HUNTER	SECRETARY	N/A	Officer Director	$0	$0	$0
DIANA KARNAS	PRESIDENT	N/A	Officer Director	$0	$0	$0
MICHAEL KRICHMAN	EXECUTIVE DI	N/A	Director	$0	$0	$0
RANDY ROBBINS	DIRECTOR	N/A	Director	$0	$0	$0
PHILLIP SCHOLZ-RITTERMAN	DIRECTOR	N/A	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
2026	No data	No data	No data	No data
2025	$894,496	$532,397	$538,108	$362,099
2024	$572,076	$480,333	$171,703	$91,743
2023	$208,919	$265,195	$116,219	$-56,276
2022	$210,412	$152,951	$155,473	$57,461
2021	$60,300	$119,332	$80,723	$-59,032
2020	$197,697	$206,816	$136,989	$-9,119
2019	$331,787	$295,382	$147,633	$36,405
2018	$465,074	$427,062	$108,852	$38,012