HANDWEAVING MUSEUM AND ARTS CENTER (EIN 161181668) - 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

2000

Legal Domicile

Principal Officer

CHRIS MURRAY

Phone

3156864123

Tax Period

2023-01-01 to 2023-12-31

HANDWEAVING MUSEUM AND ARTS CENTER, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $414K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $376K left a modest 9% surplus.

Mission

TO ADVANCE ART, CRAFT, AND OUR UNIQUE TEXTILE COLLECTION THROUGH EDUCATION AND EXHIBITION.

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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 $284,733

Program Service Revenue $81,109

Investment Income $12,147

Other Revenue $36,192

TOTAL REVENUE $414,181

Expense Breakdown

Grants Paid $0

Salaries & Benefits $239,056

Fundraising Expenses $33,192

Program Expenses $217,282

Other Expenses $137,056

TOTAL EXPENSES $376,112

Year-over-Year Comparison

	2023	2022	Change
Revenue	$414,181	$351,278	+0.2%
Expenses	$376,112	$333,179	+0.1%
Net Income	$38,069	$18,099	+1.1%

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

$80,982

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS MURRAY	CHAIR	1.00	Officer Director	$0	$0	$0
JAN HAMPTON	PAST VICE-CH	1.00	Officer Director	$0	$0	$0
SARAH RIDDOCH	VICE-CHAIR	1.00	Officer	$9,900	$0	$9,900
DOREEN GARRETT WILLIAMS	TREASURER	1.00	Officer Director	$0	$0	$0
JOY RHINEBECK	MEMBER	1.00	Director	$0	$0	$0
SALLIE LAKE	SECRETARY	1.00	Officer Director	$0	$0	$0
HARRIET BURRIS	MEMBER	1.00	Director	$0	$0	$0
KATHY ELLIOTT	MEMBER	1.00	Director	$0	$0	$0
KATHY HANNA	MEMBER	1.00	Director	$0	$0	$0
ANN JOHNSON-KAISER	MEMBER	1.00	Director	$0	$0	$0
JOAN TRIMBLE JORDAN	MEMBER	1.00	Director	$0	$0	$0
CINDY MCLEAN	MEMBER	1.00	Director	$0	$0	$0
MARGOT MILLER	MEMBER	1.00	Director	$0	$0	$0
JESSICA MURRAY	MEMBER	1.00	Director	$0	$0	$0
AMY PHELPS	MEMBER	1.00	Director	$0	$0	$0
SARAH ELLEN SMITH	MEMBER	1.00	Director	$0	$0	$0
MARSHA RINGER TOPA	MEMBER	1.00	Director	$0	$0	$0
MARTY YENAWINE	MEMBER	1.00	Director	$0	$0	$0
LESLIE ROWLAND	EXEC DIR	40.00	Officer	$20,678	$7,250	$27,928
KATHLEEN FURGUSON	EXEC DIRECTO	40.00	Officer	$43,154	$0	$43,154

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	$414,181	$376,112	$661,895	$38,069
2022	$351,278	$333,179	$616,958	$18,099
2021	$370,894	$332,721	$638,282	$38,173
2020	$321,911	$288,667	$631,002	$33,244
2019	$274,016	$322,569	$584,370	$-48,553
2018	$338,057	$341,402	$600,369	$-3,345

HANDWEAVING MUSEUM AND ARTS CENTER