Women In the Arts Inc National Womens Music Festival (EIN 311053482) - 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

1984

Legal Domicile

Principal Officer

Teresa Worman

Phone

3173953809

Tax Period

2022-11-01 to 2023-10-31

Women In the Arts Inc National Womens Music Festival, founded in 1984, is a small nonprofit in the Arts, Culture & Humanities sector that reported $171K in total revenue in fiscal year 2022. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $276K exceeded revenue, resulting in a 62% operating deficit.

Mission

Women in the Arts/National Womens Music Festival, Inc.'s mission is to promote and affirm the creative talents and technical skills of women artists in the visual, performing and fine arts.

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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 (2022)

Revenue Breakdown

Contributions & Grants $79,913

Program Service Revenue $31,207

Investment Income $40,600

Other Revenue $19,011

TOTAL REVENUE $170,731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,150

Fundraising Expenses $0

Program Expenses $264,747

Other Expenses $254,969

TOTAL EXPENSES $276,119

Year-over-Year Comparison

	2022	2021	Change
Revenue	$170,731	$465,515	-0.6%
Expenses	$276,119	$241,922	+0.1%
Net Income	$-105,388	$223,593	-1.5%

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

N/A

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

$15,350

Total Directors

$21,150

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Linda Wilson	Vice President	30.00	Officer Director	$7,000	$0	$7,000
Helen Yee	Director	5.00	Director	$3,050	$0	$3,050
Teresa Worman	President	20.00	Officer Director	$2,800	$0	$2,800
Leslie Judd	Treasurer	20.00	Officer Director	$2,800	$0	$2,800
Mary Spillane	Secretary	20.00	Officer Director	$2,750	$0	$2,750
Lisa Ferraro	Director	5.00	Director	$2,750	$0	$2,750

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	$170,731	$276,119	$210,983	$-105,388
2022	$465,515	$241,922	$368,766	$223,593

Women In the Arts Inc National Womens Music Festival