WELSH NORTH AMERICAN ASSOCIATION INC (EIN 237304017) - 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

1930

Legal Domicile

Principal Officer

JEAN JONES JINDRA

Phone

6072797402

Tax Period

2023-01-01 to 2023-12-31

WELSH NORTH AMERICAN ASSOCIATION INC, founded in 1930, is a small nonprofit in the Arts, Culture & Humanities sector that reported $221K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Net assets of $1.1M represent 61 months of operating reserves.

Mission

Sponsor and conduct a choral festival that celebrates Welsh culture and preserves its heritage through concerts, workshops, social activities, and sales of hymnals and other literature. Additionally, the organization publishes a newsletter to promote communication and fellowship among those people of Welsh heritage throughout North America and sells Welsh hymnals, histories, and other literature that serve to preserve the Welsh culture among its members.

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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 (2023)

Revenue Breakdown

Contributions & Grants $96,796

Program Service Revenue $86,894

Investment Income $32,983

Other Revenue $3,918

TOTAL REVENUE $220,591

Expense Breakdown

Grants Paid $100

Salaries & Benefits $53,386

Fundraising Expenses $9,628

Program Expenses $203,120

Other Expenses $179,175

TOTAL EXPENSES $232,661

Year-over-Year Comparison

	2023	2022	Change
Revenue	$220,591	$235,584	-0.1%
Expenses	$232,661	$264,106	-0.1%
Net Income	$-12,070	$-28,522	-0.6%

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

$32,431

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEGAN WILLIAMS	Executive Secr.	30.00	Officer	$32,431	$0	$32,431
JOSEPH CORBIN	Trustee	0.50	Director	$0	$0	$0
BETTY CULLINGWORTH	Trustee	0.50	Director	$0	$0	$0
GWEN GIFFIN CARTER	Trustee	0.50	Director	$0	$0	$0
HYWEL DAVIES	Trustee	0.50	Director	$0	$0	$0
JAN JONES BATTY	Secretary	5.00	Officer Director	$0	$0	$0
SUSAN EVANS ATCHISON	Trustee	0.00	Director	$0	$0	$0
DAVID MATTHEWS	Past President	0.50	Director	$0	$0	$0
GWENITH CLOSS COLGROVE	Trustee	0.50	Director	$0	$0	$0
STEPHEN GLYNN	Trustee	0.50	Director	$0	$0	$0
LEZLIE WOOD	Trustee	0.50	Director	$0	$0	$0
DILYS RANA	Vice President	0.50	Director	$0	$0	$0
JACK WILLIAMS	Trustee	0.50	Director	$0	$0	$0
WYNRHYS COGHLAN	Trustee	0.00	Director	$0	$0	$0
DAN ROWBOTHAM	Trustee	0.00	Director	$0	$0	$0
IAN SAMWAYS	Trustee	0.00	Director	$0	$0	$0
MARY LYNNE EVANS	Trustee	0.50	Director	$0	$0	$0
KAREN WOJAHN	Trustee	0.50	Director	$0	$0	$0
MYFANWY DAVIES	Trustee	0.50	Director	$0	$0	$0
PAT MORRIS	Trustee	0.50	Director	$0	$0	$0
ELAINE WESTLAKE	Trustee	0.50	Director	$0	$0	$0
DIANE OWEN	Asst Treasurer	0.50	Director	$0	$0	$0
MARGARET PEMBERTON	Trustee	0.50	Director	$0	$0	$0
BETSY TETI	Trustee	0.50	Director	$0	$0	$0
DAVID ALLEN	Treasurer	0.50	Officer	$0	$0	$0
GERRI BAKER PARRY	Systems Coord.	5.00	Officer	$0	$0	$0
JEAN JONES JINDRA	President	5.00	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	No data	No data	No data	No data
2023	$220,591	$232,661	$1,121,285	$-12,070
2022	$235,584	$264,106	$1,025,232	$-28,522
2021	$186,101	$140,073	$1,231,618	$46,028
2020	$131,741	$78,966	$1,069,722	$52,775
2019	$199,120	$198,813	$959,848	$307
2018	$232,340	$192,821	$844,268	$39,519

WELSH NORTH AMERICAN ASSOCIATION INC