AMERICAN WATERCOLOR SOCIETY INC

EIN: 135658159 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$292,473
Total Expenses
$304,497
Total Assets
$1,349,002
Net Assets
$1,302,399
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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
1903
Legal Domicile
NY
Principal Officer
ANTONIO MASI
Phone
2122068986
Tax Period
2024-10-01 to 2025-09-30

AMERICAN WATERCOLOR SOCIETY INC, founded in 1903, is a small nonprofit in the Arts, Culture & Humanities sector that reported $292K in total revenue in fiscal year 2024. Net assets of $1.3M represent 53 months of operating reserves.

Mission

TO FOSTER THE ADVANCEMENT OF THE ART OF WATERCOLOR PAINTING.

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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 $134,601
Program Service Revenue $85,785
Investment Income $72,087
Other Revenue $0
TOTAL REVENUE $292,473

Expense Breakdown

Grants Paid $3,920
Salaries & Benefits $76,743
Fundraising Expenses $7,674
Program Expenses $217,267
Other Expenses $223,834
TOTAL EXPENSES $304,497

Year-over-Year Comparison

2024 2023 Change
Revenue $292,473 $299,609 0.0%
Expenses $304,497 $309,146 0.0%
Net Income $-12,024 $-9,537 +0.3%
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

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Governance

Voting Members
8
Independent Members
8
Employees
3
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
5
$60,000
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTONIO MASI PRESIDENT 5.00
Officer Director
$0 $0 $0
JOEL POPADICS VP/TREASURER 5.00
Officer Director
$0 $0 $0
CAROL MCDERMOTT VICE-PRESIDENT 5.00
Officer Director
$0 $0 $0
NADINE CHARLSEN BOARD MEMBER 5.00
Director
$0 $0 $0
SUSAN WEINTRAUB BOARD MEMBER 5.00
Director
$0 $0 $0
TERESA CROMWELL SECRETARY 5.00
Officer Director
$0 $0 $0
FREDERICK GRAFF BOARD MEMBER 5.00
Director
$0 $0 $0
SUSAN HOPE FOGEL BOARD MEMBER 5.00
Director
$0 $0 $0
CHARITY VINCE EXECUTIVE DIRECTOR 40.00
Officer
$60,000 $0 $60,000
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
2025 $292,473 $304,497 $1,349,002 $-12,024
2024 $299,609 $309,146 $1,296,234 $-9,537
2023 $262,376 $309,910 $1,149,648 $-47,534
2022 $277,746 $294,758 $1,174,469 $-17,012
2021 $275,562 $243,532 $1,468,144 $32,030
2020 $204,115 $205,171 $1,348,033 $-1,056
2019 $248,283 $268,053 $1,305,856 $-19,770
2018 $356,314 $257,873 $1,336,438 $98,441
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