PATRONS OF THE ARTS IN THE VATICAN MUSEUM OF OHIO INC

EIN: 202545192 501(c)(3) Arts, Culture & Humanities

CLEVELAND, OH

Total Revenue
$1,283,359
Total Expenses
$1,203,594
Total Assets
$199,035
Net Assets
$198,802
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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
2005
Legal Domicile
OH
Principal Officer
LORRAINE DODERO
Phone
4404981300
Tax Period
2024-01-01 to 2024-12-31

PATRONS OF THE ARTS IN THE VATICAN MUSEUM OF OHIO INC, founded in 2005, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 555% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 6% surplus.

Mission

PRESERVATION OF WORKS OF ART ENTRUSTED TO THE VATICAN

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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 $1,349,649
Program Service Revenue $0
Investment Income $8,476
Other Revenue $-74,766
TOTAL REVENUE $1,283,359

Expense Breakdown

Grants Paid $1,101,161
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,184,787
Other Expenses $102,433
TOTAL EXPENSES $1,203,594

Year-over-Year Comparison

2024 2023 Change
Revenue $1,283,359 $196,021 +5.5%
Expenses $1,203,594 $401,840 +2.0%
Net Income $79,765 $-205,819 -1.4%
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
2
Independent Members
2
Employees
N/A
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LORRAINE DODERO PRESIDENT 15.00
Officer
$0 $0 $0
CORINNE SALVADOR TREASURER 10.00
Officer
$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 $1,283,359 $1,203,594 $199,035 $79,765
2023 $196,021 $401,840 $122,261 $-205,819
2022 $345,439 $104,676 $326,670 $240,763
2021 $113,736 $179,778 $85,907 $-66,042
2020 $192,177 $133,856 $153,914 $58,321
2019 $126,975 $117,618 $103,165 $9,357
2018 $116,151 $148,923 $121,922 $-32,772
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