NAT'L ASSOC OF SCHOOLS OF ART & DE… - Form 990 Financial Data

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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

1944

Legal Domicile

Principal Officer

KAREN P MOYNAHAN

Phone

7034370700

Tax Period

2023-07-01 to 2024-06-30

NAT'L ASSOC OF SCHOOLS OF ART & DESIGN, founded in 1944, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $914K left a modest 15% surplus.

Mission

DEVELOPING CLOSER RELATIONSHIPS AMONG SCHOOLS AND PROGRAMS OF ART AND DESIGN TO IMPROVE STANDARDS IN ART AND DESIGN EDUCATION AND TRAINING.

Program Service Accomplishments

Program 1

Expenses: $678,685 Revenue: $135,462

SERVICES PROVIDED INCLUDE PUBLICATIONS, MEETINGS AND ACCREDITATION. THE ASSOCIATION HAS OVER 300 INSTITUTIONAL MEMBERS AND 7 INDIVIDUAL 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 $707,968

Program Service Revenue $135,462

Investment Income $228,515

Other Revenue $0

TOTAL REVENUE $1,071,945

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $678,685

Other Expenses $913,736

TOTAL EXPENSES $913,736

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,071,945	$945,521	+0.1%
Expenses	$913,736	$920,088	0.0%
Net Income	$158,209	$25,433	+5.2%

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

181

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
GREG WATTS	PRESIDENT	3.00	Officer Director	$0	$0	$0
TROY RICHARDS	SECRETARY	10.00	Officer Director	$0	$0	$0
KATE BONANSINGA	TREASURER	3.00	Officer Director	$0	$0	$0
JEFFREY BELLANTONI	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN E CAHAN	DIRECTOR	1.00	Director	$0	$0	$0
DANA CLANCY	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS GARVIN	DIRECTOR	1.00	Director	$0	$0	$0
SEDA MCKILLIGAN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER KRANTZ	CHAIR, COMMISSION ON ACCRE	1.00	Director	$0	$0	$0
DIANA H MUTZ	PUBLIC MEMBER	1.00	Director	$0	$0	$0
FRAN TUCKER	PUBLIC MEMBER	1.00	Director	$0	$0	$0
KAREN P MOYNAHAN	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$0	$0
PEG FAIMON	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
BETH ELICKER	DIRECTOR	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	No data	No data	No data	No data
2024	$1,071,945	$913,736	$4,107,770	$158,209
2023	$945,521	$920,088	$3,600,758	$25,433
2022	$947,186	$851,359	$3,139,626	$95,827
2021	$971,101	$809,855	$3,694,840	$161,246
2020	$955,693	$885,228	$2,858,871	$70,465
2019	$992,117	$897,268	$2,678,825	$94,849

NAT'L ASSOC OF SCHOOLS OF ART & DESIGN