BYRD HOFFMAN WATER MILL FOUNDATION (EIN 134144013) - 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

1970

Legal Domicile

Principal Officer

Elise Herget

Phone

2122537484

Tax Period

2023-01-01 to 2023-12-31

BYRD HOFFMAN WATER MILL FOUNDATION, founded in 1970, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.1M in total revenue in fiscal year 2023. Revenue surged 216% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.1M, a strong 44% operating margin.

Mission

FOUNDED FOR THE DEVELOPMENT OF EMERGING ARTISTS AND THE PROMOTION OF INNOVATIVE PERFORMING AND VISUAL ARTS, AS WELL AS TO COLLECT, PRESERVE AND EXHIBIT ART.

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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 $7,158,582

Program Service Revenue $8,549

Investment Income $102,119

Other Revenue $-173,297

TOTAL REVENUE $7,095,953

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,431,102

Fundraising Expenses $330,875

Program Expenses $3,286,274

Other Expenses $2,574,980

TOTAL EXPENSES $4,006,082

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,095,953	$2,246,881	+2.2%
Expenses	$4,006,082	$3,602,442	+0.1%
Net Income	$3,089,871	$-1,355,561	-3.3%

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

Total Directors

$161,762

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Wilson	Artistic Dir.	10.00	Director	$150,000	$11,762	$161,762
Elise Herget	Managing Director	40.00		$150,000	$9,972	$159,972
Ronald Harrison	Dir. of Finance	40.00		$113,996	$9,972	$123,968
Nicole Martorana	Artist Prog. Dir.	40.00		$100,731	$9,972	$110,703
William Campbell	Chairman	2.00	Officer Director	$0	$0	$0
Roger Ferris	Secretary	3.00	Officer Director	$0	$0	$0
Karolina Blaberg	Director	1.00	Director	$0	$0	$0
Lisa Ehrenkranz	Director	1.00	Director	$0	$0	$0
Audrey Gruss	Director	1.00	Director	$0	$0	$0
Helen Lee Warren	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	No data	No data	No data	No data
2023	$7,095,953	$4,006,082	$43,678,723	$3,089,871
2022	$2,246,881	$3,602,442	$39,480,558	$-1,355,561
2021	$2,440,404	$3,456,349	$41,943,050	$-1,015,945
2020	$5,020,059	$2,666,050	$42,978,791	$2,354,009
2019	$10,004,022	$4,343,294	$40,314,640	$5,660,728
2018	$8,836,220	$4,650,939	$35,649,983	$4,185,281
2018	$8,836,220	$4,650,939	$35,649,983	$4,185,281

BYRD HOFFMAN WATER MILL FOUNDATION