WASHINGTON ART ASSOCIATION INCORPORATED (EIN 060754956) - 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

1952

Legal Domicile

Principal Officer

DAPHNE ANDERSON DEEDS

Phone

8608682878

Tax Period

2023-01-01 to 2023-12-31

WASHINGTON ART ASSOCIATION INCORPORATED, founded in 1952, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $641K, a strong 60% operating margin.

Mission

INSTRUCTION AND EDUCATION

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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 $783,062

Program Service Revenue $168,897

Investment Income $73,663

Other Revenue $40,202

TOTAL REVENUE $1,065,824

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,950

Fundraising Expenses $9,804

Program Expenses $271,223

Other Expenses $266,482

TOTAL EXPENSES $424,432

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,065,824	$1,249,188	-0.1%
Expenses	$424,432	$457,522	-0.1%
Net Income	$641,392	$791,666	-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

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

$70,769

Total Directors

$70,769

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAPHNE ANDERSON DEEDS	PRESIDENT / TRUSTEE	1.00	Officer Director	$0	$0	$0
ROD PLEASANTS	VICE PRESIDENT / TRUSTEE	1.00	Officer Director	$0	$0	$0
JOE AUSTIN	TREASURER / TRUSTEE	5.00	Officer Director	$0	$0	$0
BARBARA VON SCHREIBER	SECRETARY	1.00	Officer Director	$0	$0	$0
KENISE BARNES	TRUSTEE	0.00	Director	$0	$0	$0
PAIGE BOLLER	TRUSTEE	0.00	Director	$0	$0	$0
WOODROW W CAMPBELL	TRUSTEE	0.00	Director	$0	$0	$0
ANDREW CRAVEN	TRUSTEE	0.00	Director	$0	$0	$0
KRYSTYANA CZEINER	TRUSTEE	0.00	Director	$0	$0	$0
PATTY FOGLE	TRUSTEE	0.00	Director	$0	$0	$0
ANNE MARIE FORAN	TRUSTEE	0.00	Director	$0	$0	$0
SAMUEL FUNK	TRUSTEE	0.00	Director	$0	$0	$0
JUDY JACKSON	TRUSTEE	0.00	Director	$0	$0	$0
MICHELE JAMES	TRUSTEE	0.00	Director	$0	$0	$0
JAY KAPLAN	TRUSTEE	0.00	Director	$0	$0	$0
JON RIEDEMAN	TRUSTEE	0.00	Director	$0	$0	$0
ABBEY DARER ROSENWALD	TRUSTEE	0.00	Director	$0	$0	$0
HOLLY RUSSELL	TRUSTEE	0.00	Director	$0	$0	$0
DIANE STEVENS	TRUSTEE	0.00	Director	$0	$0	$0
PAMELA SZTYBEL	TRUSTEE	0.00	Director	$0	$0	$0
SIMON HOLT	EXECUTIVE DIRECTOR	40.00	Officer Director	$70,769	$0	$70,769

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	No data	No data	No data	No data
2023	$1,065,824	$424,432	$2,652,500	$641,392
2023	$1,000,824	$451,432	$2,652,500	$549,392
2022	$1,249,188	$457,522	$2,001,830	$791,666
2021	$743,429	$332,844	$1,211,475	$410,585
2020	$270,884	$285,351	$852,455	$-14,467
2019	$457,319	$394,183	$814,068	$63,136
2018	$387,138	$362,113	$734,336	$25,025

WASHINGTON ART ASSOCIATION INCORPORATED