FUND FOR WOMEN ARTISTS INC

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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

1995

Legal Domicile

Principal Officer

Martha Richards

Phone

5108685096

Tax Period

2022-07-01 to 2023-06-30

FUND FOR WOMEN ARTISTS INC, founded in 1995, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $27K in total revenue in fiscal year 2022. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $38K exceeded revenue, resulting in a 40% operating deficit.

Mission

We work to increase the visibility and opportunities for women artists by providing free information and advice through our website, newsletters, and research projects; and by collaborating with other non-profits on an annual international celebration of women artists called "Support Women Artists Now Day" ("SWAN Day") and on other projects that support or feature women artists.

Program Service Accomplishments

Program 1

Expenses: $15,927 Revenue: $0

ONLINE RESOURCES: WomenArts provides a variety of free online services designed to increase the opportunities & visibility of women artists. Our volunteers maintain a website with hundreds of pages of educational information for women artists, articles about inspiring women artists around the world, and links to research studies and funding information. We collaborate with the Women in the Arts and Media Coalition in New York to produce monthly newsletters listing funding deadlines and other opportunities for women artists in theater, film and video. WomenArts provided $10,000 to Women in the Arts & Media Coalition this year to support the funding newsletters.

Program 2

Expenses: $17,816 Revenue: $1,295

COLLABORATIONS WITH OTHER NON-PROFITS: We collaborate with other non-profits on an annual international celebration of women artists in all art forms called Support Women Artists Now Day or SWAN Day for short, which takes place during March (Women's History Month). During 2022-23 we provided funds we had raised to 4 non-profit women-led arts groups that organized SWAN events. We also collaborated with WAM Theatre, a 501 (c ) (c ) non-profit in Lenox, MA, which is dedicated to presenting works written and directed by women.

Program 3

Expenses: $500 Revenue: $0

ARTIST PROJECTS - We are collaborating with White Snake Projects in Boston to develop and produce a new opera by Mary D. Watkins about civil rights activist, Fannie Lou Hamer. WomenArts had raised...

ARTIST PROJECTS - We are collaborating with White Snake Projects in Boston to develop and produce a new opera by Mary D. Watkins about civil rights activist, Fannie Lou Hamer. WomenArts had raised $18,621 for this project in previous years which we were holding as restricted funds. We transferred the restricted funds we were holding for this opera to White Snake Projects during 2022-23 to use towards its workshop of the opera in February 2024 and the fully-staged production in September 2024. This transfer of restricted funds is reflected in our Reconciliation of Net Assets, Part XI, line 9.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,295

Program Service Revenue $0

Investment Income $25,703

Other Revenue $0

TOTAL REVENUE $26,998

Expense Breakdown

Grants Paid $27,816

Salaries & Benefits $109

Fundraising Expenses $0

Program Expenses $34,243

Other Expenses $9,843

TOTAL EXPENSES $37,768

Year-over-Year Comparison

	2022	2021	Change
Revenue	$26,998	$46,352	-0.4%
Expenses	$37,768	$33,805	+0.1%
Net Income	$-10,770	$12,547	-1.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Martha Richards	President & Director	15	Officer Director	$0	$0	$0
Barbara Schaffer Bacon	Secretary & Director	1.00	Officer Director	$0	$0	$0
Christine Young	Treasurer & Director	1	Officer 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
2023	$26,998	$37,768	$592,329	$-10,770
2022	$46,352	$33,805	$608,258	$12,547
2021	$61,540	$49,804	$668,110	$11,736
2020	$66,387	$91,147	$550,867	$-24,760
2019	$65,103	$111,594	$590,893	$-46,491