WICKFORD ART ASSOCIATION

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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

1962

Legal Domicile

Phone

4012946840

Tax Period

2024-01-01 to 2024-12-31

WICKFORD ART ASSOCIATION, founded in 1962, is a small nonprofit in the Arts, Culture & Humanities sector that reported $300K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

To educate, encourage and inspire our membership, local arts community and the general public and to promote fine arts in the community.

Program Service Accomplishments

Program 1

Expenses: $65,609 Revenue: $54,880

Art classes, programs and scholarships offered to the community which allow members of the Association to educate the public about art.

Program 2

Expenses: $94,086 Revenue: $44,434

Exhibits and Shows The Associations gallery provides a forum and venue for artists to exhibit work to the community and awards to artists

Program 3

Expenses: $51,306 Revenue: $97,283

Festival Provides a forum to the artistic community and the public to interact through an outdoor festival of almost 200 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 $95,550

Program Service Revenue $202,097

Investment Income $2,095

Other Revenue $0

TOTAL REVENUE $299,742

Expense Breakdown

Grants Paid $13,561

Salaries & Benefits $86,791

Fundraising Expenses $20,022

Program Expenses $211,001

Other Expenses $198,716

TOTAL EXPENSES $299,068

Year-over-Year Comparison

	2024	2023	Change
Revenue	$299,742	$268,427	+0.1%
Expenses	$299,068	$308,217	0.0%
Net Income	$674	$-39,790	-1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marisa Lonkart	Director	003.00	Director	$0	$0	$0
Larisa Martino	Director	002.00	Director	$0	$0	$0
Guy Cassaday	Director	004.00	Director	$0	$0	$0
Victoria Bishop	Director	002.00	Director	$0	$0	$0
Stephen DiNobile	Director	006.00	Director	$0	$0	$0
Jesse Hashagen	Director	003.00	Director	$0	$0	$0
Mia Thompson	Director	002.00	Director	$0	$0	$0
Patrick Tucker	Director	005.00	Director	$0	$0	$0
Jeff Potter	Director	002.00	Director	$0	$0	$0
Brennon Viola	Director, Treasurer	002.00	Officer Director	$0	$0	$0
N/A	Director President	008.00	Officer Director	$0	$0	$0
Diane Heilig	Director Secretary	007.00	Officer Director	$0	$0	$0
Bredan McCarthy	Director, Vice President	001.00	Officer 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	No data	No data	No data	No data
2024	$299,742	$299,068	$290,510	$674
2023	$268,427	$308,217	$290,097	$-39,790
2022	$259,303	$263,133	$333,688	$-3,830
2021	$250,185	$223,144	$344,527	$27,041
2020	$233,057	$218,641	$308,191	$14,416