INTERNATIONAL CENTER OF MEDIEVAL A… - Form 990 Financial Data

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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

1956

Legal Domicile

Principal Officer

WARREN WOODFIN

Phone

2129281146

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL CENTER OF MEDIEVAL ART INC, founded in 1956, is a small nonprofit that reported $231K in total revenue in fiscal year 2023. Expenses of $199K left a modest 14% surplus.

Mission

TO PROMOTE AND SUPPORT THE STUDY, UNDERSTANDING AND PRESERVATION OF VISUAL AND MATERIAL CULTURES PRODUCED PRIMARILY BETWEEN CA. 300 CE AND CA. 1500 CE IN EVERY CORNER OF THE MEDIEVAL WORLD.

Program Service Accomplishments

Program 1

Expenses: $159,347

THE ICMA REMAINS COMMITTED TO SERVING THE NEEDS OF OUR MEMBERSHIP AND THE MEDIEVAL ART COMMUNITY AT LARGE. OUR JOURNAL GESTA IS PUBLISHED IN COLLABORATION WITH THE UNIVERSITY OF CHICAGO PRESS.THE...

THE ICMA REMAINS COMMITTED TO SERVING THE NEEDS OF OUR MEMBERSHIP AND THE MEDIEVAL ART COMMUNITY AT LARGE. OUR JOURNAL GESTA IS PUBLISHED IN COLLABORATION WITH THE UNIVERSITY OF CHICAGO PRESS.THE ICMA GRANTS SEVERAL AWARDS TO STUDENTS: STUDENT TRAVEL GRANT WHICH ALLOWS GRADUATE STUDENTS THE OPPORTUNITY TO CONDUCT DISSERTATION RESEARCH, AND THE STUDENT ESSAY PRIZE, WHICH AWARDS A GRADUATE STUDENT THE BEST ESSAYS (THREE PRIZES). FOR ESTABLISHED, CONTINGEN, AND EARLY CAREER SCHOLARS, WE OFFER THE ICMA-KRESS RESEARCH AND PUBLICATION GRANT, WHICH HELPS WITH COSTS INVOLVED IN PUBLISHING A BOOK OR RESEARCH NEEDED TO WRITE A BOOK, THE ICMA-KRESS EXHIBITION GRANT, WHICH OFFERS MONEY TO A MUSEUM DEVELOPING AN EXHIBITION IN MEDIEVAL ART AND CAN BE USED TO TRAVEL RESEARCH OF PROGRAMMING DURING THE RUN OF AN EXHIBITION, AND THE ICMA ANNUAL BOOK PRIZE, AWARDING AN AUTHOR OR AUTHORS WITH THE BEST BOOK IN MEDIEVAL 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 $107,785

Program Service Revenue $0

Investment Income $84,267

Other Revenue $39,336

TOTAL REVENUE $231,388

Expense Breakdown

Grants Paid $56,067

Salaries & Benefits $85,313

Fundraising Expenses $8,739

Program Expenses $159,347

Other Expenses $57,830

TOTAL EXPENSES $199,210

Year-over-Year Comparison

	2023	2022	Change
Revenue	$231,388	N/A	N/A
Expenses	$199,210	N/A	N/A
Net Income	$32,178	$0	N/A

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

N/A

Independent Members

N/A

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

$76,941

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROLAND BETANCOURT	DIRECTOR	0.50	Director	$0	$0	$0
JULIE A HARRIS	DIRECTOR	0.50	Director	$0	$0	$0
SANDRA HINDMAN	DIRECTOR	0.50	Director	$0	$0	$0
MARCIA KUPFER	DIRECTOR	0.50	Director	$0	$0	$0
RISHAM MAJEED	DIRECTOR	0.50	Director	$0	$0	$0
D FAIRCHILD RUGGLES	DIRECTOR	0.50	Director	$0	$0	$0
ALICE ISABELLA SULLIVAN	DIRECTOR	0.50	Director	$0	$0	$0
LADAN AKBARNIA	DIRECTOR	0.50	Director	$0	$0	$0
BENJAMIN ANDERSON	DIRECTOR	0.50	Director	$0	$0	$0
HEATHER BADAMO	DIRECTOR	0.50	Director	$0	$0	$0
JILL CASKEY	DIRECTOR	0.50	Director	$0	$0	$0
SARAH GUERIN	DIRECTOR	0.50	Director	$0	$0	$0
DANIELLE JOYNER	DIRECTOR	0.50	Director	$0	$0	$0
SHERRY LINDQUIST	DIRECTOR	0.50	Director	$0	$0	$0
GERHARD LUTZ	DIRECTOR	0.50	Director	$0	$0	$0
STEPHENNIE MULDER	DIRECTOR	0.50	Director	$0	$0	$0
ERIK THUNO	DIRECTOR	0.50	Director	$0	$0	$0
MICHELLE C WANG	DIRECTOR	0.50	Director	$0	$0	$0
ITTAI WEINRYB	DIRECTOR	0.50	Director	$0	$0	$0
NANCY L WICKER	DIRECTOR	0.50	Director	$0	$0	$0
ELIZABETH DOSPEL WILLIAMS	DIRECTOR	0.50	Director	$0	$0	$0
ANDREA ACHI	DIRECTOR	0.50	Director	$0	$0	$0
KIRK AMBROSE	DIRECTOR	0.50	Director	$0	$0	$0
SHIRIN FOZI	DIRECTOR	0.50	Director	$0	$0	$0
HEIDI GEARHART	DIRECTOR	0.50	Director	$0	$0	$0
TRACY CHAPMAN HAMILTON	DIRECTOR	0.50	Director	$0	$0	$0
JOAN A HOLLADAY	DIRECTOR	0.50	Director	$0	$0	$0
BRYAN C KEENE	DIRECTOR	0.50	Director	$0	$0	$0
RYAN FRISINGER	EXECUTIVE DIRECTOR	32.00	Officer	$67,441	$9,500	$76,941

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	$231,388	$199,210	$2,589,924	$32,178
2022	$165,869	$199,830	$2,343,425	$-33,961
2021	$416,508	$212,008	$2,802,243	$204,500
2020	$325,572	$181,937	$2,697,294	$143,635
2019	$204,395	$199,375	$2,209,146	$5,020
2018	$214,317	$185,884	$1,920,352	$28,433

INTERNATIONAL CENTER OF MEDIEVAL ART INC