The Center for Art in Wood Inc (EIN 222806780) - 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

1986

Legal Domicile

Principal Officer

PATRICIA FOWLER

Phone

2159238000

Tax Period

2024-01-01 to 2024-12-31

The Center for Art in Wood Inc, founded in 1986, is a small nonprofit that reported $862K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.4M exceeded revenue, resulting in a 59% operating deficit.

Mission

TO ENGAGE, EDUCATE & INSPIRE THE PUBLIC THROUGH EXHIBITION, COLLECTION & INTERPRETATION OF CONTEMPORARY ART IN WOOD.

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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 $266,065

Program Service Revenue $0

Investment Income $488,412

Other Revenue $107,296

TOTAL REVENUE $861,773

Expense Breakdown

Grants Paid $0

Salaries & Benefits $537,419

Fundraising Expenses $93,086

Program Expenses $874,165

Other Expenses $835,633

TOTAL EXPENSES $1,373,052

Year-over-Year Comparison

	2024	2023	Change
Revenue	$861,773	$733,765	+0.2%
Expenses	$1,373,052	$1,451,603	-0.1%
Net Income	$-511,279	$-717,838	-0.3%

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

N/A

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

$122,528

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER MILLIKEN	EXECUTIVE DIRECTOR	40.0	Officer	$110,875	$11,653	$122,528
PATRICIA FOWLER	PRESIDENT	10.0	Officer Director	$0	$0	$0
JOHN LUTZ	VICE PRESIDENT	10.0	Officer Director	$0	$0	$0
ED BRESLER	TREASURER	10.0	Officer Director	$0	$0	$0
JOSHUA AIBEL	SECRETARY	10.0	Officer Director	$0	$0	$0
LEONARD J KREPPEL	BOARD MEMBER	5.0	Director	$0	$0	$0
THOMAS SCURTO-DAVIS	BOARD MEMBER	5.0	Director	$0	$0	$0
RICK SNYDERMAN	BOARD MEMBER	5.0	Director	$0	$0	$0
LISA TREMPER HANOVER	BOARD MEMBER	5.0	Director	$0	$0	$0
FABIO VITALI	BOARD MEMBER	5.0	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
2024	$861,773	$1,373,052	$17,541,307	$-511,279
2023	$733,765	$1,451,603	$16,826,812	$-717,838
2022	$1,069,704	$1,267,377	$14,887,259	$-197,673
2021	$1,104,343	$1,057,076	$18,172,718	$47,267
2020	$11,246,233	$811,058	$16,241,893	$10,435,175
2019	$828,159	$895,674	$5,445,655	$-67,515

The Center for Art in Wood Inc