WORCESTER, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
SUSTAINING CRAFT AS A VITAL PART OF OUR COMMUNITY.
INSTRUCTIONAL - TO FOSTER INTEREST, UNDERSTANDING AND ASSISTANCE TO INDIVIDUALS OF ALL AGES THROUGH EDUCATION IN THE CRAFTS.
CRAFT FAIRS/GALLERY STORE & EVENTS - CRAFT FAIRS ARE HELD ANNUALLY FEATURING FINE CRAFTS BY PROFESSIONAL ARTISTS. THESE FAIRS ARE JURIED EVENTS AND FEATURE WORK SIMILAR TO THE GALLERY EXHIBITS. THE...
CRAFT FAIRS/GALLERY STORE & EVENTS - CRAFT FAIRS ARE HELD ANNUALLY FEATURING FINE CRAFTS BY PROFESSIONAL ARTISTS. THESE FAIRS ARE JURIED EVENTS AND FEATURE WORK SIMILAR TO THE GALLERY EXHIBITS. THE GALLERY STORE SUPPORTS THE CENTER'S MISSION BY PROMOTING ENTREPRENEURIALSHIP. EXHIBITS - THE CRAFT CENTER IN-PART SUPPORTS ITS MISSION BY EXHIBITING STUDENT, FACULTY AND GUEST ARTIST'S WORK IN ITS GALLERY SPACE FROM TIME TO TIME THROUGHOUT THE YEAR. THE EXHIBITS ARE GENERALLY IN MEDIUMS TAUGHT AT THE CRAFT CENTER SUCH AS GLASS, CERAMICS, METALS AND PHOTOGRAPHY. IN MOST CASES, THE CRAFT WORK IS AVAILABLE FOR PURCHASE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare THE WORCESTER CENTER FOR CRAFTS INC with other nonprofits in Massachusetts and across the country.