Lumen Prize Foundation Inc (EIN 995086748) - 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

2024

Legal Domicile

Principal Officer

Daniel Schmerin

Phone

9148041213

Tax Period

2025-01-01 to 2025-12-31

Lumen Prize Foundation Inc, founded in 2024, is a small nonprofit in the Arts, Culture & Humanities sector that reported $541K in total revenue in fiscal year 2025. Revenue surged 638% from the prior year, signaling strong growth momentum. Expenses of $464K left a modest 14% surplus.

Mission

Lumen Prize Foundation advocates innovative digital art and artists that use new visual languages at the intersection of art and technology. The Foundation sponsors the Lumen Prize and seeks to engage artists and the arts community to inspire, educate, and foster community engagement around transformative art experiences.

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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 (2025)

Revenue Breakdown

Contributions & Grants $373,162

Program Service Revenue $164,428

Investment Income $0

Other Revenue $3,504

TOTAL REVENUE $541,094

Expense Breakdown

Grants Paid $39,849

Salaries & Benefits $264,956

Fundraising Expenses $31,540

Program Expenses $393,461

Other Expenses $158,758

TOTAL EXPENSES $463,563

Year-over-Year Comparison

	2025	2024	Change
Revenue	$541,094	$73,271	+6.4%
Expenses	$463,563	$54,266	+7.5%
Net Income	$77,531	$19,005	+3.1%

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

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

$114,090

Total Directors

$114,090

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Daniel Schmerin	Chair	1.00	Director	$0	$0	$0
Carla Rapoport	Vice-Chair	1.00	Director	$0	$0	$0
Clarissa Golding	Secretary / Treasurer	1.00	Director	$0	$0	$0
Gillian Leitten	CEO	40.00	Officer Director	$114,090	$0	$114,090
Erin Thompson	Chief Creative Officer	40.00	Highest	$119,000	$0	$119,000

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	$541,094	$463,563	$102,081	$77,531

Lumen Prize Foundation Inc