Haystack Mountain School of Crafts (EIN 010243548) - 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

1950

Legal Domicile

Principal Officer

Perry Price

Phone

2073482306

Tax Period

2023-11-01 to 2024-10-31

Haystack Mountain School of Crafts, founded in 1950, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $3.3M exceeded revenue, resulting in a 13% operating deficit.

Mission

To teach fine craftsmanship, develop latent or inherent creative availability, and carry on research and development in connection with the crafts.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,078,569

Program Service Revenue $1,093,491

Investment Income $631,585

Other Revenue $138,431

TOTAL REVENUE $2,942,076

Expense Breakdown

Grants Paid $65,618

Salaries & Benefits $1,792,510

Fundraising Expenses $281,333

Program Expenses $2,087,467

Other Expenses $1,468,198

TOTAL EXPENSES $3,326,326

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,942,076	$2,257,534	+0.3%
Expenses	$3,326,326	$3,079,894	+0.1%
Net Income	$-384,250	$-822,360	-0.5%

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

$355,061

Total Directors

$201,174

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Perry Price	Executive Director	40.00	Officer Director	$182,788	$17,636	$200,424
Namita Gupta Wiggers	President	1.50	Officer Director	$750	$0	$750
Alison Croney Moses	Vice President	1.50	Officer Director	$0	$0	$0
Laura Galaida	Treasurer	1.50	Officer Director	$0	$0	$0
M Rachael Arauz	Trustee	1.00	Director	$0	$0	$0
Abigail Barrows	Trustee	1.00	Director	$0	$0	$0
Brett Bentson	Trustee	1.00	Director	$0	$0	$0
Sonya Clark	Trustee	1.00	Director	$0	$0	$0
Sara Clugage	Trustee	1.00	Director	$0	$0	$0
Annet Couwenberg	Trustee	1.00	Director	$0	$0	$0
Tanya Crane	Trustee	1.00	Director	$0	$0	$0
Andres Payan Estrada	Trustee	1.00	Director	$0	$0	$0
Mickie Flores	Trustee	1.00	Director	$0	$0	$0
Ayumi Horie	Trustee	1.00	Director	$0	$0	$0
Ryan Hoover	Trustee	1.00	Director	$0	$0	$0
Nina Johnson	Trustee	1.00	Director	$0	$0	$0
Helen Lee	Trustee	1.00	Director	$0	$0	$0
Roberto Lugo	Trustee	1.00	Director	$0	$0	$0
Katharine Martin	Trustee	1.00	Director	$0	$0	$0
John Ollman	Trustee	1.00	Director	$0	$0	$0
Valerie Wicks	Trustee	1.00	Director	$0	$0	$0
Joseph Wood	Trustee	1.00	Director	$0	$0	$0
Marilyn D Smith	CFO	40.00	Officer	$153,887	$0	$153,887
Virgina Aldrich	Development Director	40.00	Highest	$100,708	$22,686	$123,394

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	$2,942,076	$3,326,326	$26,303,196	$-384,250
2023	$2,257,534	$3,079,894	$22,586,233	$-822,360
2022	$2,691,742	$3,755,262	$22,679,292	$-1,063,520
2021	$9,949,863	$2,160,881	$28,778,949	$7,788,982
2020	$2,373,447	$2,098,451	$17,426,077	$274,996
2019	$6,797,335	$2,540,350	$16,285,319	$4,256,985
2018	$2,221,207	$2,173,315	$11,980,583	$47,892

Haystack Mountain School of Crafts