WILLIAMSTOWN ART CONSERVATION CENT… - Form 990 Financial Data

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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

1977

Legal Domicile

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

THE MISSION OF THE WILLIAMSTOWN ART CONSERVATION CENTER, A NON-PROFIT INSTITUTION, IS TO PROTECT, CONSERVE AND MAINTAIN THE OBJECTS OF OUR CULTURAL HERITAGE; TO PROVIDE EXAMINATION, TREATMENT, CONSULTATION AND RELATED CONSERVATION SERVICES FOR MEMBER INSTITUTIONS AND OTHER NONPROFIT ORGANIZATIONS, CORPORATIONS AND INDIVIDUALS; TO CONDUCT EDUCATIONAL PROGRAMS WITH RESPECT TO THE CARE AND CONSERVATION OF WORKS OF ART AND OBJECTS OF CULTURAL INTEREST; TO PARTICIPATE IN THE TRAINING OF CONSERVATORS; TO PROMOTE THE IMPORTANCE OF CONSERVATION AND INCREASE THE AWARENESS OF THE ISSUES PERTINENT TO COLLECTIONS AND CARE; AND TO CONDUCT RESEARCH AND DISSEMINATE KNOWLEDGE TO ADVANCE THE PROFESSION.

Program Service Accomplishments

Program 1

Expenses: $2,300,913 Revenue: $2,207,971

ART CONSERVATION SERVICES TO NON-PROFIT MEMBERS AND THE GENERAL PUBLIC, WORKSHOPS, COURSES AND TOURS TO PROMOTE THE IMPORTANCE OF CONSERVATION AND DISSEMINATE KNOWLEDGE TO ADVANCE THE PROFESSION AND...

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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 (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

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

$268,662

Total Directors

Key Employees

Highest Compensated

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

WILLIAMSTOWN ART CONSERVATION CENTER INC