Wheaton Arts & Cultural Center 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

1968

Legal Domicile

Principal Officer

Susan Gogan

Phone

8568256800

Tax Period

2024-07-01 to 2025-06-30

Wheaton Arts & Cultural Center Inc, founded in 1968, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Expenses of $2.7M left a modest 13% surplus.

Mission

To engage artists and audiences in an evolving exploration of creativity through special events, exhibitions, educational programs, performances, and workshops offered throughout the year.

Program Service Accomplishments

Program 1

Expenses: $618,130 Revenue: $224,586

Cultural Center: Central to our mission, the Cultural Center offers accessibility to a single site that weaves and interprets the development and coexistence of Contemporary Art, Decorative Arts, and Multi-Cultural Traditional Arts. The Arts community established by the Center provides hands-on engagement that offers a doorway to the arts at a variety of educational and emotional levels.

Program 2

Expenses: $465,591 Revenue: $74,471

Glass Studio / Fellowship Program: Considered the heartbeat of the Organization, it is the primary asset used to share the creative process with public audiences in an extraordinary public facility. Up to ten working residencies are awarded yearly, providing artists with 24-hour studio access, materials, housing, and stipends. The collaboration and exchange of ideas among the Fellows enhance a productive climate, supporting the discovery of new vision and resources for each.

Program 3

Expenses: $355,096 Revenue: $1,096

Museum of American Glass: the foundation of the Organizations program infrastructure, it houses one of the nations largest collections of American glass and encompasses pieces from the first glass...

Museum of American Glass: the foundation of the Organizations program infrastructure, it houses one of the nations largest collections of American glass and encompasses pieces from the first glass made in America to modern fine contemporary glass art. Accredited by the American Alliance of Museums, its glass and library collections are a primary resource for scholars, collectors, other instititions, and artists.

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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 $2,525,782

Program Service Revenue $328,174

Investment Income $142,084

Other Revenue $108,823

TOTAL REVENUE $3,104,863

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,601,200

Fundraising Expenses $0

Program Expenses $1,758,364

Other Expenses $1,092,463

TOTAL EXPENSES $2,693,663

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,104,863	$2,919,743	+0.1%
Expenses	$2,693,663	$2,705,781	0.0%
Net Income	$411,200	$213,962	+0.9%

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

156

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

$293,990

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Susan Gogan	Executive Director	40.00	Officer Highest	$131,844	$778	$132,622
Catharine Nolan	Chief Operating Officer	40.00	Officer	$81,563	$746	$82,309
Charles Augustin	Accounting Manager	40.00	Officer	$78,370	$689	$79,059
Keith Wasserman	Board Chair	1.00	Director	$0	$0	$0
JG Harrington	Board 1st Vice Chair	1.00	Director	$0	$0	$0
Jennifer Webb-McRae	Board 2nd Vice Chair	1.00	Director	$0	$0	$0
Thomas Kavanaugh	Board Treasurer	1.00	Director	$0	$0	$0
Sandy D'Onofrio	Board Secretary	1.00	Director	$0	$0	$0
Sharon Harrington	Trustee	1.00	Director	$0	$0	$0
Timothy Mason	Trustee	1.00	Director	$0	$0	$0
Ann Marie Miller	Trustee	1.00	Director	$0	$0	$0
Donald Moore	Trustee	1.00	Director	$0	$0	$0
Rita Moonsammy	Trustee	1.00	Director	$0	$0	$0
Thomas Moran	Trustee	1.00	Director	$0	$0	$0
Ameline Pappas	Trustee	1.00	Director	$0	$0	$0
Jocelyn Prince	Trustee	1.00	Director	$0	$0	$0
Chanelle Rene	Trustee	1.00	Director	$0	$0	$0
Hemanshu Shah	Trustee	1.00	Director	$0	$0	$0
Phil Surdam	Trustee	1.00	Director	$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
2025	$3,104,863	$2,693,663	$7,125,457	$411,200
2024	$2,919,743	$2,705,781	$6,376,435	$213,962
2023	$2,459,146	$2,648,409	$5,985,908	$-189,263
2022	$3,464,653	$2,499,640	$6,256,174	$965,013
2021	$2,207,458	$2,035,686	$5,443,880	$171,772
2020	$2,774,574	$2,904,431	$5,125,326	$-129,857
2019	$3,252,969	$3,415,945	$5,222,996	$-162,976