DESIGN MANAGEMENT INSTITUTE INC

EIN: 042761924 501(c)(3) Arts, Culture & Humanities

CAMBRIDGE, MA

Total Revenue
$426,070
Total Expenses
$423,576
Total Assets
$57,300
Net Assets
$-146,211
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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
1981
Legal Domicile
MA
Principal Officer
CAROLE BILSON
Phone
6173386380
Tax Period
2024-01-01 to 2024-12-31

DESIGN MANAGEMENT INSTITUTE INC, founded in 1981, is a small nonprofit in the Arts, Culture & Humanities sector that reported $426K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum.

Mission

TO BE THE INTERNATIONAL AUTHORITY, RESOURCE, AND ADVOCATE IN DESIGN MANAGEMENT.

Program Service Accomplishments

Program 1
Expenses: $381,219

THE INSTITUTE SPONSORS EDUCATIONAL SERVICES CONSISTING OF DISCUSSION SESSIONS, CONFERENCES, PUBLICATIONS, AND OTHER READING MATERIALS FOR ITS MEMBERS.

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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 $123,704
Program Service Revenue $302,364
Investment Income $2
Other Revenue $0
TOTAL REVENUE $426,070

Expense Breakdown

Grants Paid $0
Salaries & Benefits $233,454
Fundraising Expenses $0
Program Expenses $381,219
Other Expenses $190,122
TOTAL EXPENSES $423,576

Year-over-Year Comparison

2024 2023 Change
Revenue $426,070 $322,336 +0.3%
Expenses $423,576 $473,375 -0.1%
Net Income $2,494 $-151,039 -1.0%
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

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Governance

Voting Members
9
Independent Members
8
Employees
2
Volunteers
N/A

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
1
$124,447
Total Directors
9
$124,447
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROLE BILSON President 40.00
Officer Director
$124,447 $0 $124,447
JILL LAWRENCE Director 1.00
Director
$0 $0 $0
IAIN AITCHISON Chairman 1.00
Director
$0 $0 $0
KEVIN BETHUNE Chairman 1.00
Director
$0 $0 $0
KELLY JURA Director 1.00
Director
$0 $0 $0
JERRY KATHMAN Treasurer 1.00
Director
$0 $0 $0
BETSY GOODRICH Secretary 1.00
Director
$0 $0 $0
JOE PERDEW Director 1.00
Director
$0 $0 $0
ERNESTO QUINTEROS Director 1.00
Director
$0 $0 $0
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
2024 $426,070 $423,576 $57,300 $2,494
2023 $322,336 $473,375 $63,293 $-151,039
2022 $545,497 $584,950 $212,418 $-39,453
2021 $618,284 $481,302 $293,725 $136,982
2020 $426,820 $509,928 $302,886 $-83,108
2019 $712,500 $749,650 $261,401 $-37,150
2018 $817,908 $948,865 $225,493 $-130,957
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