LOWELL ART ASSOCIATION DBA WHISTLER HOUSE MUSEUM OF ART (EIN 042428837) - 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

1878

Legal Domicile

Principal Officer

SARA BOGOSIAN

Phone

9784527641

Tax Period

2023-07-01 to 2024-06-30

LOWELL ART ASSOCIATION DBA WHISTLER HOUSE MUSEUM OF ART, founded in 1878, is a small nonprofit in the Arts, Culture & Humanities sector that reported $476K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $146K, a strong 31% operating margin.

Mission

TO PRESERVE THE BIRTHPLACE OF JAMES MCNEILL WHISTLER, RAISE AWARENESS IN THE GREATER MERRIMACK RIVER VALLEY ABOUT THE HISTORY OF THE HOUSE AND THE WORKS OF ITS ORIGINAL RESIDENTS, EDUCATE THE PUBLIC ABOUT THE 19TH CENTURY AMERICAN ART,AND PROMOTE CURRENT RESEARCH AND EXHIBITIONS RELATED TO WHISTLER, THE HOUSE, LOWELL AND REGIONAL ARTISTS.

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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 $324,073

Program Service Revenue $11,322

Investment Income $140,005

Other Revenue $592

TOTAL REVENUE $475,992

Expense Breakdown

Grants Paid $0

Salaries & Benefits $168,830

Fundraising Expenses $58,988

Program Expenses $198,054

Other Expenses $161,015

TOTAL EXPENSES $329,845

Year-over-Year Comparison

	2023	2022	Change
Revenue	$475,992	$399,735	+0.2%
Expenses	$329,845	$275,706	+0.2%
Net Income	$146,147	$124,029	+0.2%

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

$106,923

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY L DONAHUE	CHAIR	1.00	Officer Director	$0	$0	$0
THERESE O'CONNOR	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CARRIE MEIKLE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LOUISE GRIFFIN	TREASURER	1.00	Officer Director	$0	$0	$0
FRANK MAKAREWICZ	SECRETARY	1.00	Officer Director	$0	$0	$0
YUN-JU CHOI	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL G CONWAY	TRUSTEE	1.00	Director	$0	$0	$0
MARYANN CORAVOS	TRUSTEE	1.00	Director	$0	$0	$0
VERONIKA DEMERS	TRUSTEE	1.00	Director	$0	$0	$0
EILEEN DONOGHUE-O'CONNOR	TRUSTEE	1.00	Director	$0	$0	$0
JACK MOYNIHAN	TRUSTEE	1.00	Director	$0	$0	$0
GREG PENNINGTON	TRUSTEE	1.00	Director	$0	$0	$0
R EDWARD ROACH	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH PYNE	TRUSTEE	1.00	Director	$0	$0	$0
AMANDA FLORES	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH OFTEN	TRUSTEE	1.00	Director	$0	$0	$0
SARA BOGOSIAN	PRESIDENT	40.00	Officer	$106,923	$0	$106,923

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	$475,992	$329,845	$6,631,087	$146,147
2023	$399,735	$275,706	$6,356,901	$124,029
2022	$504,044	$241,092	$6,245,525	$262,952
2021	$4,215,804	$205,802	$5,987,517	$4,010,002
2020	$323,360	$238,669	$1,975,309	$84,691
2019	$235,437	$246,923	$1,860,627	$-11,486
2018	$797,736	$225,198	$1,877,551	$572,538

LOWELL ART ASSOCIATION DBA WHISTLER HOUSE MUSEUM OF ART