WATERCOLOR ART SOCIETY-HOUSTON (EIN 237451855) - 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

1995

Legal Domicile

Principal Officer

BILL PRICE

Phone

7139429966

Tax Period

2024-06-01 to 2025-05-31

WATERCOLOR ART SOCIETY-HOUSTON, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $330K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $289K left a modest 12% surplus.

Mission

TO FURTHER THE CAUSE AND INTEREST IN WATERMEDIA ART, THROUGH TEACHING PROGRAMS, DEMONSTRATIONS, OUTREACH, AND EXHIBITIONS.

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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 $128,528

Program Service Revenue $199,254

Investment Income $2,289

Other Revenue $0

TOTAL REVENUE $330,071

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,182

Fundraising Expenses $0

Program Expenses $167,024

Other Expenses $239,053

TOTAL EXPENSES $289,235

Year-over-Year Comparison

	2024	2023	Change
Revenue	$330,071	$279,584	+0.2%
Expenses	$289,235	$302,858	0.0%
Net Income	$40,836	$-23,274	-2.8%

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

100

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

$20,618

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA VAN FLEET	PRESIDENT	35.00	Officer Director	$0	$0	$0
KELLY MEDRANO	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
EILEEN GRAVES	SECRETARY	2.00	Officer Director	$0	$0	$0
BILL PRICE	TREASURER	5.00	Officer Director	$0	$0	$0
KAT RODGERS	ANNUAL MEMBERS EXHIBIT DIRECTOR	5.00	Director	$11,302	$0	$11,302
LAURE MCMAHON	AT LARGE DIRECTOR	2.00	Director	$0	$0	$0
PAUL SHAIN	BUILDING DIRECTOR	5.00	Director	$0	$0	$0
CHERYL EVANS	EDUCATION CO-DIRECTOR IN-PERSON	6.00	Director	$3,092	$0	$3,092
BRIAN FLAHERTY	GALLERY CO-DIRECTOR	6.00	Director	$0	$0	$0
LINDA FLOWERS	GALLERY CO-DIRECTOR	5.00	Director	$0	$0	$0
JAN MCNEILL	HISTORICAL DIRECTOR	2.00	Director	$0	$0	$0
PAULA FOWLER	MEMBERSHIP DIRECTOR	2.00	Director	$0	$0	$0
SUSAN GIANNANTONIO	EDUCATION CO-DIRECTOR VIRTUAL	2.00	Director	$6,224	$0	$6,224
ALLA ADAMS	PLEIN AIR COORDINATOR	6.00	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	$330,071	$289,235	$823,364	$40,836
2024	$279,584	$302,858	$782,646	$-23,274
2023	$271,838	$272,885	$805,372	$-1,047
2022	$247,278	$260,228	$805,515	$-12,950
2021	$190,684	$215,392	$816,082	$-24,708
2021	$190,684	$215,392	$816,082	$-24,708
2020	$216,394	$229,313	$840,063	$-12,919
2020	$216,394	$229,313	$840,063	$-12,919
2019	$347,606	$347,313	$957,846	$293

WATERCOLOR ART SOCIETY-HOUSTON