CLAY ASSOCIATES

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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

1985

Legal Domicile

Principal Officer

JOHN ERIC WOODS

Phone

6195631806

Tax Period

2024-01-01 to 2024-12-31

CLAY ASSOCIATES, founded in 1985, is a small nonprofit that reported $225K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $41K, a strong 18% operating margin.

Mission

DEDICATED TO THE ADVANCEMENT OF THE CERAMIC ARTS THROUGH EDUCATION AND COMMUNITY INVOLVEMENT.

Program Service Accomplishments

Program 1

Expenses: $133,122 Revenue: $171,482

SERVE 110 STUDENTS IN 11 DIFFERENT CLASSES. PROVIDE FIRING SERVICES FOR LOCAL COMMUNITY ARTISTS, BOTH MEMBERS AND INDEPENDENTS. PARTICIPATED IN SAN DIEGO POTTERY TOUR AND HELPED TO SPONSOR THE EVENT

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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 $53,066

Program Service Revenue $134,793

Investment Income $743

Other Revenue $36,743

TOTAL REVENUE $225,345

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,553

Fundraising Expenses $1,658

Program Expenses $133,122

Other Expenses $74,879

TOTAL EXPENSES $184,432

Year-over-Year Comparison

	2024	2023	Change
Revenue	$225,345	$184,737	+0.2%
Expenses	$184,432	$166,377	+0.1%
Net Income	$40,913	$18,360	+1.2%

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

$52,005

Total Directors

$39,239

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN ERIC WOODS	PRESIDENT	20.00	Officer	$40,964	$0	$40,964
GERALD THIEBOLT	BOARD MEMBER	29.50	Director	$33,721	$0	$33,721
MICHAEL NOBLE	TREASURER	12.00	Officer	$11,041	$0	$11,041
SHAUN CRAIG	BOARD MEMBER	0.50	Director	$3,585	$0	$3,585
SUZANNE LUSSIER	BOARD MEMBER	0.50	Director	$1,225	$0	$1,225
KAMI OLSSEN	BOARD MEMBER	0.50	Director	$708	$0	$708
CARMEN PLANK	BOARD MEMBER	0.50	Director	$0	$0	$0
GUNDALA DUNNE	BOARD MEMBER	0.50	Director	$0	$0	$0
HEATHER MACNEIL	BOARD MEMBER	8.00	Director	$0	$0	$0
ANNA COSMINI	BOARD MEMBER	2.00	Director	$0	$0	$0
EVELYN GOLDMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
VIRGINIA CROCKETT	BOARD MEMBER	0.50	Director	$0	$0	$0
JOYCE JAMES	BOARD MEMBER	0.50	Director	$0	$0	$0
AMBER HAMBLIN	BOARD MEMBER	0.50	Director	$0	$0	$0
DOUG CROCKETT	SECRETARY	2.00	Officer	$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	No data	No data	No data	No data
2024	$225,345	$184,432	$451,866	$40,913
2023	$184,737	$166,377	$406,329	$18,360
2019	$176,665	$144,352	$400,733	$32,313