THE WASSAIC PROJECT INC (EIN 272691962) - 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

2010

Legal Domicile

Principal Officer

BOWIE ZUNINO

Phone

8559277242

Tax Period

2023-04-01 to 2024-03-31

THE WASSAIC PROJECT INC, founded in 2010, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.3M left a modest 13% surplus.

Mission

THE WASSAIC PROJECT IS A CONTEMPORARY ARTS ORGANIZATION THAT USES ART AND ARTS EDUCATION TO FOSTER POSITIVE SOCIAL CHANGE, BUILD LOCAL PRIDE, AND NURTURE PARTNERSHIPS BETWEEN ARTISTS AND OUR COMMUNITY.

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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 $1,187,485

Program Service Revenue $330,240

Investment Income $6,721

Other Revenue $5,788

TOTAL REVENUE $1,530,234

Expense Breakdown

Grants Paid $0

Salaries & Benefits $599,176

Fundraising Expenses $141,792

Program Expenses $935,664

Other Expenses $725,386

TOTAL EXPENSES $1,324,562

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,530,234	$1,537,971	0.0%
Expenses	$1,324,562	$1,013,881	+0.3%
Net Income	$205,672	$524,090	-0.6%

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

$247,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIA W KIVITZ	CHAIR/PRESIDENT	8.00	Officer Director	$0	$0	$0
GENEVIEVE CHRISTY TO JAN 2024	TREASURER	2.00	Officer Director	$0	$0	$0
SUZANNE HADER AS OF JAN 2024	TREASURER	2.00	Officer Director	$0	$0	$0
JEANNE GUTIERREZ	SECRETARY	2.00	Officer Director	$0	$0	$0
CHARMAINE WARREN	DIRECTOR	2.00	Director	$0	$0	$0
DAN STERNBERG	DIRECTOR	2.00	Director	$0	$0	$0
DELANO DUNN	DIRECTOR	2.00	Director	$0	$0	$0
JACK GAERY AS OF JAN 2024	DIRECTOR	2.00	Director	$0	$0	$0
JASON KLEIN	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER DOWLEY TO JAN 2024	DIRECTOR	2.00	Director	$0	$0	$0
JESSICA HOLSEY AS OF JAN 2024	DIRECTOR	2.00	Director	$0	$0	$0
JILLIAN DUNHAM	DIRECTOR	2.00	Director	$0	$0	$0
KAREN ZUKOWSKI	DIRECTOR	2.00	Director	$0	$0	$0
LUCY COMMONER	DIRECTOR	2.00	Director	$0	$0	$0
MOLLY GOCHMAN	DIRECTOR	2.00	Director	$0	$0	$0
MUNAWAR AHMED TO JAN 2024	DIRECTOR	2.00	Director	$0	$0	$0
NICK MERRILL	DIRECTOR	2.00	Director	$0	$0	$0
BOWEN BARNETT-ZUNINO	CO-DIRECTOR	40.00	Officer	$73,167	$10,433	$83,600
JEFF BARNETT-WINSBY	CO-DIRECTOR	40.00	Officer	$73,167	$10,433	$83,600
EVE BIDDLE	CO-DIRECTOR	40.00	Officer	$73,167	$6,833	$80,000

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	$1,530,234	$1,324,562	$2,686,533	$205,672
2023	$1,537,971	$1,013,881	$2,263,729	$524,090
2022	$1,201,950	$1,072,015	$1,672,624	$129,935
2021	$1,384,091	$679,114	$1,583,770	$704,977
2020	$729,172	$761,343	$722,892	$-32,171
2020	$733,895	$761,343	$722,892	$-27,448
2019	$639,336	$651,160	$135,765	$-11,824
2018	$617,477	$641,010	$133,687	$-23,533

THE WASSAIC PROJECT INC