PATRONS OF THE ARTS IN THE VATICAN… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

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

THE PATRONS OF THE ARTS IN THE VATICAN MUSEUMS IS COMMITTED TO THE RESTORATION, PRESERVATION, AND INCREASE IN ARTISTIC PATRIMONY OF THE COLLECTIONS AND BUILDINGS OF THE VATICAN MUSEUM, WHILE FURTHERING THE UNDERSTANDING AND KNOWLEDGE OF ITS MEMBERS OF THESE WORKS OF ART THROUGH LECTURES, MEETINGS AND VISITS TO THE VATICAN.

Program Service Accomplishments

Program 1

Expenses: $1,184,787

THE ORGANIZATION ASSISTS IN THE RESTORATION OF ARTWORK ENTRUSTED TO THE VATICAN. EDUCATES PATRONS WITH HISTORY OF ARTWORK AND PERIODIC PROGRESS OF RESTORATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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

PATRONS OF THE ARTS IN THE VATICAN MUSEUM OF OHIO INC