BRANDYWINE WORKSHOP AND ARCHIVES

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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

1972

Legal Domicile

Principal Officer

JEFFREY CRUSE

Phone

2155463675

Tax Period

2023-07-01 to 2024-06-30

BRANDYWINE WORKSHOP AND ARCHIVES, founded in 1972, is a small nonprofit that reported $890K in total revenue in fiscal year 2023. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 32% operating deficit.

Mission

VISUAL ARTIST PRINTMAKING, EXHIBITIONS, COLLECTIONS/ARCHIVES, EDUCATION AND TRAINING

Program Service Accomplishments

Program 1

Expenses: $239,665

VISUAL ARTISTS RESIDENCY PROGRAM PROVIDES SPECIALIZED TRAINING IN PRINTMAKING AS AN EDUCATIONAL SERVICES TO ARTISTS, HIGH SCHOOL AND COLLEGE STUDENTS AND INTERNS, INCLUDING PRINT PRODUCTION, AND...

VISUAL ARTISTS RESIDENCY PROGRAM PROVIDES SPECIALIZED TRAINING IN PRINTMAKING AS AN EDUCATIONAL SERVICES TO ARTISTS, HIGH SCHOOL AND COLLEGE STUDENTS AND INTERNS, INCLUDING PRINT PRODUCTION, AND LECTURES FOR NO CHARGE TO THE PUBLIC.

Program 2

Expenses: $473,985

EXHIBITION PROGRAMING WITH LECTURES, PANEL DISCUSSIONS AND WORKSHOPS FOR SCHOOLS, COLLEGES AND GENERAL PUBLIC AUDIENCES.

Program 3

Expenses: $35,297

ARTWORK COLLECTION MAINTENANCE AND ARCHIVAL DATABASE SHARED FREE ONLINE.

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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 $722,049

Program Service Revenue $0

Investment Income $56,014

Other Revenue $111,663

TOTAL REVENUE $889,726

Expense Breakdown

Grants Paid $0

Salaries & Benefits $457,181

Fundraising Expenses $134,033

Program Expenses $748,947

Other Expenses $721,702

TOTAL EXPENSES $1,178,883

Year-over-Year Comparison

	2023	2022	Change
Revenue	$889,726	$3,303,543	-0.7%
Expenses	$1,178,883	$1,134,818	+0.0%
Net Income	$-289,157	$2,168,725	-1.1%

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

N/A

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

$94,562

Total Directors

$63,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLAN L EDMUNDS	PRESIDENT - RETIRED	40.00	Officer Director	$63,000	$0	$63,000
JEAN WOODLEY	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
CAROLYN LOWE ESQ	BOARD VICE CHAIR	2.00	Officer Director	$0	$0	$0
JEFFREY A CRUSE	TREASURER	2.00	Officer Director	$0	$0	$0
JOSETTE BAILEY	SECRETARY	6.00	Officer Director	$0	$0	$0
WALTER ALLEN	BOARD MEMBER	2.00	Director	$0	$0	$0
TED AGOOS	BOARD MEMBER	2.00	Director	$0	$0	$0
HALIMA TAHA	BOARD MEMBER	2.00	Director	$0	$0	$0
MINDY NGUYEN	BOARD MEMBER	2.00	Director	$0	$0	$0
PATRICIA SMITH	BOARD MEMBER	2.00	Director	$0	$0	$0
NAKIA THOMAS ESQ	BOARD MEMBER	2.00	Director	$0	$0	$0
KEON PARSONS	BOARD MEMBER	2.00	Director	$0	$0	$0
BARBARA BASSETT	BOARD MEMBER	2.00	Director	$0	$0	$0
SHELLEY LANGDALE	BOARD MEMBER	2.00	Director	$0	$0	$0
NEIL OSBORNE	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHELE A PARCHMENT	EXECUTIVE DIRECTOR	40.00	Officer	$29,687	$1,875	$31,562

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	$889,726	$1,178,883	$6,960,088	$-289,157
2023	$3,303,543	$1,134,818	$7,026,702	$2,168,725
2022	$1,517,370	$831,775	$4,800,619	$685,595
2021	$1,178,084	$668,591	$4,135,039	$509,493
2020	$341,093	$452,389	$4,395,799	$-111,296
2019	$1,681,054	$530,551	$4,470,430	$1,150,503
2018	$284,846	$442,831	$4,194,264	$-157,985