WESTFIELD MUSEUM INC (EIN 262297376) - 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

2007

Legal Domicile

Principal Officer

CAROL MARTIN

Phone

4135623606

Tax Period

2024-07-01 to 2025-06-30

WESTFIELD MUSEUM INC, founded in 2007, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $29K in total revenue in fiscal year 2024. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $54K exceeded revenue, resulting in a 84% operating deficit.

Mission

TO SHOWCASE THE UNIQUE ROLE THE CITY OF WESTFIELD IN THE INDUSTRIAL REVOLUTION

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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 $0

Program Service Revenue $0

Investment Income $47

Other Revenue $29,210

TOTAL REVENUE $29,257

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,661

Program Expenses $10,137

Other Expenses $53,842

TOTAL EXPENSES $53,842

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,257	$195,145	-0.9%
Expenses	$53,842	$134,757	-0.6%
Net Income	$-24,585	$60,388	-1.4%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SCHENNA	Secretary	5.00	Director	$0	$0	$0
NICK AIETA	DIRECTOR	5.00		$0	$0	$0
KERRI AVEZZIE	DIRECTOR	5.00		$0	$0	$0
CAROL MARTIN	PRESIDENT, PROJECT COORDINATOR	20.00		$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	$29,257	$53,842	$536,707	$-24,585
2024	No data	No data	No data	No data
2023	$28,186	$83,205	$683,537	$-55,019
2022	$18,266	$64,323	$740,359	$-46,057
2019	$35,161	$54,080	$634,298	$-18,919

WESTFIELD MUSEUM INC