HARTFORD ARTISANS WEAVING CENTER INC (EIN 263608136) - 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

2008

Legal Domicile

Principal Officer

Claudia Spaulding

Phone

8607275727

Tax Period

2023-01-01 to 2023-12-31

HARTFORD ARTISANS WEAVING CENTER INC, founded in 2008, is a small nonprofit in the Human Services sector that reported $320K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $295K left a modest 8% surplus.

Mission

The Hartford Artisans Weaving Center enhances lives through the craft of hand-weaving.

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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 $194,289

Program Service Revenue $60,095

Investment Income $6,407

Other Revenue $58,805

TOTAL REVENUE $319,596

Expense Breakdown

Grants Paid $3,568

Salaries & Benefits $226,591

Fundraising Expenses $22,878

Program Expenses $221,867

Other Expenses $64,853

TOTAL EXPENSES $295,012

Year-over-Year Comparison

	2023	2022	Change
Revenue	$319,596	$275,549	+0.2%
Expenses	$295,012	$285,173	+0.0%
Net Income	$24,584	$-9,624	-3.6%

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

Total Directors

$3,364

Key Employees

$72,885

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ann Kollegger	Executive Director	40	Key Emp Highest	$72,885	$0	$72,885
Ana Cuevas	Director	20	Director	$2,271	$0	$2,271
Joanna Bolduc	Director	10	Director	$1,093	$0	$1,093
Garrett Weaver	Director	15	Director	$0	$0	$0
Frances Curran	Director	15	Director	$0	$0	$0
Dorrie Hunt	Secretary	20	Director	$0	$0	$0
Claudia Spaulding	Treasurer	25	Director	$0	$0	$0
Pamela Mayo	Director	10	Director	$0	$0	$0
Meg Appicelli	Director	5	Director	$0	$0	$0
Pete Millett	Officer	2	Director	$0	$0	$0
Linda Ferguson	Director	1	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
2024	No data	No data	No data	No data
2023	$319,596	$295,012	$358,149	$24,584
2022	$275,549	$285,173	$325,915	$-9,624
2021	$283,999	$251,106	$350,884	$32,893
2020	$244,376	$182,206	$312,809	$62,170
2019	$263,079	$233,192	$246,283	$29,887
2018	$194,171	$175,365	$217,420	$18,806

HARTFORD ARTISANS WEAVING CENTER INC