WILLIAMSTOWN ART CONSERVATION CENTER INC

EIN: 042629476 501(c)(3) Arts, Culture & Humanities

WILLIAMSTOWN, MA

Total Revenue
$2,384,155
Total Expenses
$2,911,954
Total Assets
$8,097,289
Net Assets
$4,684,377
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
MA
Principal Officer
KATIE HAZLETT SCHMIDT
Phone
4134585741
Tax Period
2024-07-01 to 2025-06-30

WILLIAMSTOWN ART CONSERVATION CENTER INC, founded in 1977, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.4M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $2.9M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PROVIDE ART CONSERVATION SERVICES TO NON-PROFIT MEMBERS AND GENERAL PUBLIC. EDUCATION AND TRAINING OF CONSERVATORS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $35,147
Program Service Revenue $2,184,471
Investment Income $141,037
Other Revenue $23,500
TOTAL REVENUE $2,384,155

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,843,677
Fundraising Expenses $0
Program Expenses $2,300,913
Other Expenses $1,068,277
TOTAL EXPENSES $2,911,954

Year-over-Year Comparison

2024 2023 Change
Revenue $2,384,155 $2,653,177 -0.1%
Expenses $2,911,954 $2,824,318 +0.0%
Net Income $-527,799 $-171,141 +2.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
6
Employees
32
Volunteers
12

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
5
$268,662
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATIE HAZLETT-SCHMIDT PRESIDENT 4.00
Officer Director
$0 $0 $0
GEORGE AHI CLERK 4.00
Officer Director
$0 $0 $0
JOE FINNEGAN TREASURER 4.00
Officer Director
$0 $0 $0
OLIVIER MESLAY MEMBER TRUSTEE (EX-OFFICIO 1.00
Director
$0 $0 $0
ANNA D'AMBROSIO MEMBER TRUSTEE 1.00
Director
$0 $0 $0
PAULA CONSOLINI PUBLIC TRUSTEE 1.00
Director
$0 $0 $0
STEPHEN HANNOCK PUBLIC TRUSTEE 1.00
Director
$0 $0 $0
LYDIA HEMPHILL MEMBER TRUSTEE 1.00
Director
$0 $0 $0
SUSAN CROSS PUBLIC TRUSTEE 1.00
Director
$0 $0 $0
DIANE HART MEMBER TRUSTEE 1.00
Director
$0 $0 $0
PAM FRANKS MEMBER TRUSTEE 1.00
Director
$0 $0 $0
RAND SUFFOLK MEMBER TRUSTEE 1.00
Director
$0 $0 $0
ERICA BOYD JACOB MEMBER TRUSTEE 1.00
Director
$0 $0 $0
MICHELLE DEROSE FINANCE & ADMIN ASSOCIATE 37.50
Officer
$27,841 $7,837 $35,678
JULIE REILLY EXECUTIVE DIRECTOR 37.50
Officer
$216,666 $16,318 $232,984
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 $2,384,155 $2,911,954 $8,097,289 $-527,799
2024 $2,653,177 $2,824,318 $8,392,905 $-171,141
2023 $2,502,620 $2,687,108 $8,005,268 $-184,488
2022 $2,431,960 $2,285,485 $5,527,048 $146,475
2021 $3,303,248 $2,346,544 $5,978,613 $956,704
2020 $2,013,403 $2,041,150 $5,143,933 $-27,747
2019 $2,667,551 $2,171,444 $5,328,438 $496,107
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