HOLLYWOOD FOREIGN PRESS ASSOCIATION

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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

HENRY ARNAUD

Phone

3106571731

Tax Period

2022-07-01 to 2023-06-30

HOLLYWOOD FOREIGN PRESS ASSOCIATION, founded in 1982, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $99.5M in total revenue in fiscal year 2022. Revenue surged 4627% from the prior year, signaling strong growth momentum. The organization ran a surplus of $30.8M, a strong 31% operating margin.

Mission

TO ESTABLISH FAVORABLE RELATIONS AND CULTURAL TIES BETWEEN FOREIGN COUNTRIES AND THE USA BY THE DISSEMINATION OF INFORMATION CONCERNING THE AMERICAN CULTURE AND TRADITIONS AS DEPICTED IN MOTION PICTURES AND TELEVISION THROUGH NEWS MEDIA IN VARIOUS FOREIGN COUNTRIES. TO RECOGNIZE OUTSTANDING ACHIEVEMENTS BY CONFERRING ANNUAL AWARDS OF MERIT (GOLDEN GLOBE AWARDS). TO CONTRIBUTE TO OTHER NONPROFIT ORGANIZATIONS CONNECTED WITH THE ENTERTAINMENT INDUSTRY, AND TO PROMOTE INTEREST IN THE FIELD OF THE ARTS.

Program Service Accomplishments

Program 1

RECOGNIZE OUTSTANDING ACHIEVEMENTS BY CONFERRING ANNUAL AWARDS OF MERIT (GOLDEN GLOBE AWARDS).

Program 2

ESTABLISH FAVORABLE RELATIONS AND CULTURAL TIES BETWEEN FOREIGN COUNTRIES AND THE USA BY THE DISSEMINATION OF INFORMATION CONCERNING THE AMERICAN CULTURE AND TRADITIONS AS DEPICTED IN MOTION PICTURES...

Program 3

CONTRIBUTE TO OTHER NONPROFIT ORGANIZATIONS CONNECTED WITH THE ENTERTAINMENT INDUSTRY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,128

Program Service Revenue $27,557,965

Investment Income $71,658,909

Other Revenue $315,787

TOTAL REVENUE $99,533,789

Expense Breakdown

Grants Paid $54,987,778

Salaries & Benefits $5,196,769

Fundraising Expenses $0

Other Expenses $8,538,387

TOTAL EXPENSES $68,722,934

Year-over-Year Comparison

	2022	2021	Change
Revenue	$99,533,789	$2,105,856	+46.3%
Expenses	$68,722,934	$17,974,948	+2.8%
Net Income	$30,810,855	$-15,869,092	-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

108

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

$424,715

Total Directors

$977,811

Key Employees

$335,854

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HELEN HOEHNE	PRESIDENT	19.00	Officer Director	$215,177	$0	$215,177
HENRY ARNAUD	TREASURER	19.00	Officer Director	$111,269	$0	$111,269
ADAM TANSWELL	EXECUTIVE SECRETARY	19.00	Officer Director	$98,269	$0	$98,269
BARBARA DE OLIVEIRA PINTO	DIRECTOR	18.00	Director	$47,565	$0	$47,565
KIRPI UIMONEN BALLESTEROS	DIRECTOR	13.00	Director	$50,775	$0	$50,775
TINA JOHNK CHRISTENSEN	DIRECTOR	13.00	Director	$56,390	$0	$56,390
BARBARA GASSER	DIRECTOR	13.00	Director	$41,315	$0	$41,315
SHARLETTE HAMBRICK	DIRECTOR	13.00	Director	$38,500	$0	$38,500
JEFF HARRIS	DIRECTOR	13.00	Director	$38,500	$0	$38,500
SABRINA JOSHI	DIRECTOR	13.00	Director	$38,500	$0	$38,500
GABRIEL LERMAN	DIRECTOR	13.00	Director	$75,614	$0	$75,614
DR JOANNA MASSEY	DIRECTOR	13.00	Director	$38,500	$0	$38,500
YUKIKO NAKAJIMA	DIRECTOR	13.00	Director	$48,500	$0	$48,500
SCOTT ORLIN	DIRECTOR	13.00	Director	$78,937	$0	$78,937
EARL GIBSON III	DIRECTOR	13.00	Director	$0	$0	$0
VERA ANDERSON	DIRECTOR	13.00	Director	$0	$0	$0
TODD BOEHLY	INTERIM CEO	19.00	Officer	$0	$0	$0
GREGORY P GOECKNER	CHIEF OPERATING OFFICER	40.00	Key Emp	$326,072	$9,782	$335,854
ARMANDO GALLO	DIRECTOR-FORMER	3.00		$38,667	$0	$38,667
GREET RAMAEKERS	DIRECTOR-FORMER	13.00		$60,262	$0	$60,262
NEIL PHILLIPS	CHIEF DIVERSITY OFFICER-FORMER	19.00		$283,424	$0	$283,424
ZOYA MALINSKAYA	FINANCIAL MANAGER-FORMER	40.00		$135,428	$6,771	$142,199
KARIE DINARDO	ADMINISTRATIVE MANAGER-FORMER	40.00		$129,576	$3,887	$133,463
LISA TYLER	EXECUTIVE ASSISTANT-FORMER	40.00		$108,454	$3,253	$111,707

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	No data	No data	No data	No data
2023	$99,533,789	$68,722,934	$87,526,447	$30,810,855
2022	$2,105,856	$17,974,948	$56,710,173	$-15,869,092
2021	$17,312,742	$23,742,996	$72,579,265	$-6,430,254
2020	$31,416,575	$15,123,651	$79,009,519	$16,292,924
2019	$32,155,768	$16,517,902	$62,716,595	$15,637,866
2018	$15,591,787	$13,862,168	$47,078,729	$1,729,619