MARIAN AND EDWARD MACDOWELL INC (EIN 131592242) - 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

1907

Legal Domicile

Principal Officer

CHIWONISO KAITANO

Phone

6039243886

Tax Period

2023-01-01 to 2023-12-31

MARIAN AND EDWARD MACDOWELL INC, founded in 1907, is a community nonprofit that reported $9.2M in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 27% operating margin.

Mission

MACDOWELL'S MISSION IS TO NURTURE THE ARTS BY OFFERING TALENTED INDIVIDUALS (SEE SCH O)AN INSPIRING RESIDENTIAL ENVIRONMENT IN WHICH TO PRODUCE ENDURING WORKS OF THE IMAGINATION. MACDOWELL WELCOMES ARTISTS ENGAGING IN THE BROADEST SPECTRUM OF ARTISTIC PRACTICE AND THOSE INVESTIGATING AN UNLIMITED ARRAY OF CREATIVE INQUIRIES AND CONCERNS. MACDOWELL APPLIES THE SAME EGALITARIAN STANDARDS FOR ALL THOSE WHO SERVE THE ORGANIZATION IN A STAFF, VOLUNTEER, OR REPRESENTATIVE CAPACITY. MACDOWELL GRANTS FELLOWSHIPS TO AS MANY AS 300 ARTISTS PER YEAR, OFFERING ROOM, BOARD, AND EXCLUSIVE USE OF A STUDIO FOR STAYS UP TO SIX WEEKS. AMIDST THE COMPANY OF A DIVERSE COMMUNITY OF PEERS, MACDOWELL FELLOWS' PRODUCTIVITY BENEFITS FROM THESE WEEKS FREED FROM DISTRACTION TOGETHER WITH THE OPPORTUNITY TO EXCHANGE CREATIVE IDEAS AND CONNECTIONS IN A CONVIVIAL SETTING.

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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 $2,506,485

Program Service Revenue $213,315

Investment Income $6,389,565

Other Revenue $65,976

TOTAL REVENUE $9,175,341

Expense Breakdown

Grants Paid $170,907

Salaries & Benefits $3,756,781

Fundraising Expenses $938,589

Program Expenses $3,972,230

Other Expenses $2,798,678

TOTAL EXPENSES $6,726,366

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,175,341	$6,095,551	+0.5%
Expenses	$6,726,366	$5,813,359	+0.2%
Net Income	$2,448,975	$282,192	+7.7%

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

$578,899

Total Directors

$10,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW M SENCHAK	PRESIDENT	5.00	Officer Director	$0	$0	$0
ROBERT M OLMSTED	SECRETARY	5.00	Officer Director	$0	$0	$0
NELL PAINTER	CHAIRMAN	5.00	Officer Director	$0	$0	$0
PETER WIRTH	TREASURER	5.00	Officer Director	$0	$0	$0
ILEANA PEREZ VELAZQUEZ	DIRECTOR	1.00	Director	$2,000	$0	$2,000
PAUL REYES	DIRECTOR	1.00	Director	$1,000	$0	$1,000
CATHERINE INGRAHAM	DIRECTOR	1.00	Director	$1,000	$0	$1,000
JULIA SOLOMONOFF	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BAUM	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM B BEEKMAN	DIRECTOR	1.00	Director	$0	$0	$0
ELEANOR BRIGGS	DIRECTOR	1.00	Director	$0	$0	$0
PETER CAMERON	DIRECTOR	1.00	Director	$1,500	$0	$1,500
CHRISTINE FISHER	DIRECTOR	1.00	Officer Director	$0	$0	$0
SARAH GARLAND-HOCH	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH F GAUDREAU	DIRECTOR	1.00	Director	$0	$0	$0
LAWRENCE HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
LEWIS HYDE	DIRECTOR	1.00	Director	$0	$0	$0
JULIA JACQUETTE	DIRECTOR	1.00	Director	$0	$0	$0
CAROL KRINSKY	DIRECTOR	1.00	Director	$0	$0	$0
NOEL ALLAIN	DIRECTOR	1.00	Director	$2,000	$0	$2,000
ROBERT M LARSEN	DIRECTOR	1.00	Director	$0	$0	$0
MONICA LEHNER	DIRECTOR	1.00	Director	$0	$0	$0
ANNE STARK LOCHER	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MANNING	DIRECTOR	1.00	Director	$0	$0	$0
MOLLIE MILLER	DIRECTOR	1.00	Director	$0	$0	$0
CARLOS MURILLO	DIRECTOR	1.00	Director	$750	$0	$750
JULIE ORRINGER	DIRECTOR	1.00	Director	$0	$0	$0
OLIVIA PARKER	DIRECTOR	1.00	Director	$0	$0	$0
PETER C READ	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA CASE SENCHAK	DIRECTOR	1.00	Director	$0	$0	$0
VIJAY SESHADRI	DIRECTOR	1.00	Director	$0	$0	$0
JOSH SIEGEL	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR SIMMS	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES F STONE III	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE TROWBRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
DARRELL HARVEY	DIRECTOR	1.00	Director	$0	$0	$0
TERRANCE MCKNIGHT	DIRECTOR	1.00	Director	$0	$0	$0
AMELIA DUNLOP	DIRECTOR	1.00	Director	$0	$0	$0
ROSEMARIE FIORE	DIRECTOR	1.00	Director	$0	$0	$0
AMY DAVIDSON SORKIN	DIRECTOR	1.00	Director	$0	$0	$0
MABEL WILSON	DIRECTOR	1.00	Director	$0	$0	$0
KATIE FIRTH	DIRECTOR	1.00	Director	$0	$0	$0
JEANNIE SUK GERSEN	DIRECTOR	1.00	Director	$0	$0	$0
EMILY NOELLE LAMBERT	DIRECTOR	1.00	Director	$0	$0	$0
JULIUS TAPPER	DIRECTOR	1.00	Director	$0	$0	$0
GERALD GARTNER	DIRECTOR	1.00	Director	$0	$0	$0
DAN HURLIN	DIRECTOR (LEFT 4/2023)	1.00	Director	$0	$0	$0
ELLIOT HOLT	DIRECTOR (JOINED 4/2023)	1.00	Director	$0	$0	$0
SUSIE HACKLER	DIRECTOR (JOINED 4/2023)	1.00	Director	$0	$0	$0
DAHLIA ELSAYED	DIRECTOR (JOINED 4/2023)	1.00	Director	$2,000	$0	$2,000
SAM WATHEN	DIRECTOR (JOINED 11/2023)	1.00	Director	$0	$0	$0
LEVI BARRET	FINANCE DIRECTOR (AS OF 6/2023)	40.00	Officer	$62,316	$0	$62,316
CHIWONISO KAITANO	EXECUTIVE DIRECTOR (AS OF 2/2023)	40.00	Officer	$185,288	$13,896	$199,184
DAVID MACY	RESIDENT DIRECTOR	40.00	Officer	$195,882	$40,517	$236,399
ANDREW ZIMMERMAN	FINANCE DIRECTOR (LEFT 6/2023)	40.00	Officer	$69,399	$11,601	$81,000
STACEY BOSWORTH	VP OF ADVANCEMENT (LEFT 7/2023)	40.00	Highest	$134,070	$23,381	$157,451
COURTNEY BETHEL	ADMISSIONS DIRECTOR	40.00	Highest	$103,476	$34,296	$137,772

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	$9,175,341	$6,726,366	$49,235,643	$2,448,975
2022	$6,095,551	$5,813,359	$48,219,199	$282,192
2021	$6,315,316	$5,184,887	$57,326,631	$1,130,429
2019	$7,918,110	$5,237,104	$52,470,811	$2,681,006
2018	$3,877,861	$4,960,323	$43,895,083	$-1,082,462

MARIAN AND EDWARD MACDOWELL INC