THE WORCESTER CENTER FOR CRAFTS INC (EIN 042105859) - 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

1883

Legal Domicile

Principal Officer

KATHLEEN EICHELROTH

Phone

5087538183

Tax Period

2022-07-01 to 2023-06-30

THE WORCESTER CENTER FOR CRAFTS INC, founded in 1883, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2022. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $397K, a strong 32% operating margin.

Mission

TO FOSTER INTEREST, UNDERSTANDING, AND ASSISTANCE TO INDIVIDUALS OF ALL AGES THROUGH EDUCATION IN 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 (2022)

Revenue Breakdown

Contributions & Grants $422,166

Program Service Revenue $582,543

Investment Income $2,132

Other Revenue $240,498

TOTAL REVENUE $1,247,339

Expense Breakdown

Grants Paid $3,044

Salaries & Benefits $401,564

Fundraising Expenses $895

Program Expenses $548,229

Other Expenses $445,667

TOTAL EXPENSES $850,275

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,247,339	$994,127	+0.3%
Expenses	$850,275	$821,011	+0.0%
Net Income	$397,064	$173,116	+1.3%

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

100

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

$635,826

Total Directors

$771,665

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM CUTLER	DIRECTOR	5.00	Director	$0	$0	$0
KATHLEEN M EICHELROTH	TREASURER	5.00	Officer Director	$0	$0	$219,175
THOMAS M MCNAMARA	CLERK	5.00	Officer Director	$0	$0	$222,838
MICHAEL LORION	DIRECTOR	5.00	Director	$0	$0	$0
DR ROBERTA L KYLE	DIRECTOR	5.00	Director	$0	$0	$169,303
SHEILA TETLER	CHAIR	5.00	Officer Director	$0	$0	$0
RUSSELL POTTLE	DIRECTOR	5.00	Director	$0	$0	$160,349
JENNIFER IRVINE	DIRECTOR	5.00	Director	$0	$0	$0
MARYANNE HAMMOND	DIRECTOR	5.00	Director	$0	$0	$0
KATE MCEVOY	DIRECTOR	5.00	Director	$0	$0	$0
VICTOR PACHECO	DIRECTOR	5.00	Director	$0	$0	$0
NADIA MCGOURTHY	DIRECTOR	5.00	Director	$0	$0	$0
BETSY GREEN-BAKER	FORMER CONTROLLER	40.00	Officer	$0	$0	$80,420
ELAINE MCKENNA-YEAW	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$102,749
BRIAN RESTREPO	CONTROLLER	40.00	Officer	$10,644	$0	$10,644

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,247,339	$850,275	$2,859,280	$397,064
2022	$994,127	$821,011	$2,418,623	$173,116
2021	$780,415	$623,902	$2,314,615	$156,513
2020	$646,965	$667,177	$1,993,348	$-20,212
2019	$968,155	$774,953	$2,065,043	$193,202

THE WORCESTER CENTER FOR CRAFTS INC