AMERICAN WATERCOLOR SOCIETY 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

1903

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $217,267 Revenue: $85,785

ANNUAL INTERNATIONAL EXHIBIT HELD IN NEW YORK CITY WITH MORE THAN 150 WATERCOLOR PAINTINGS AT NO COST TO THE PUBLIC. SELECTED PAINTINGS FROM THE SHOW THEN TOUR AT MUSEUMS THROUGHOUT THE COUNTRY...

ANNUAL INTERNATIONAL EXHIBIT HELD IN NEW YORK CITY WITH MORE THAN 150 WATERCOLOR PAINTINGS AT NO COST TO THE PUBLIC. SELECTED PAINTINGS FROM THE SHOW THEN TOUR AT MUSEUMS THROUGHOUT THE COUNTRY. THERE IS ALSO AN ONLINE EXHIBITION WITH 100 PAINTINGS FOR ASSOCIATE MEMBERS. IN ADDITION, SCHOLARSHIPS ARE PROVIDED TO ART INSTRUCTORS AND ART STUDENTS.

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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 (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

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

$60,000

Total Directors

Key Employees

Highest Compensated

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