INTERMUSEUM CONSERVATION ASSOCIATION (EIN 340753538) - 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

1952

Legal Domicile

Principal Officer

HOLLY WITCHEY

Phone

2166588700

Tax Period

2024-01-01 to 2024-12-31

INTERMUSEUM CONSERVATION ASSOCIATION, founded in 1952, is a small nonprofit in the Arts, Culture & Humanities sector that reported $861K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 32% operating deficit.

Mission

ICA ART CONSERVATION PROTECTS, PRESERVES, AND ENRICHES OUR SHARED HERITAGE OF ART AND MATERIAL CULTURE THROUGH CONSERVATION, PRESERVATION, AND EDUCATION.

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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 $273,093

Program Service Revenue $543,771

Investment Income $42,387

Other Revenue $1,737

TOTAL REVENUE $860,988

Expense Breakdown

Grants Paid $0

Salaries & Benefits $778,801

Fundraising Expenses $40,661

Program Expenses $693,789

Other Expenses $356,729

TOTAL EXPENSES $1,135,530

Year-over-Year Comparison

	2024	2023	Change
Revenue	$860,988	$1,003,436	-0.1%
Expenses	$1,135,530	$1,030,201	+0.1%
Net Income	$-274,542	$-26,765	+9.3%

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

$161,912

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOLLY WITCHEY	EXECUTIVE DI	40.00	Officer	$98,280	$0	$98,280
SHELIA BROWN	ACCOUNTING D	40.00	Officer	$63,632	$0	$63,632
TIMOTHY CALLAHAN	TREASURER	3.00	Officer Director	$0	$0	$0
AARON MARCOVY	SECRETARY	1.00	Officer Director	$0	$0	$0
BLAIR WHIDDEN	PRESIDENT	6.00	Officer Director	$0	$0	$0
JEFFERY BIESZCAK	BOARD MEMBER	1.00		$0	$0	$0
NIKKI DIFLIPPO	BOARD MEMBER	1.00		$0	$0	$0
VINCENT J MICHALEC	BOARD MEMBER	1.00		$0	$0	$0
MICHELLE PEARSON-CASEY	BOARD MEMBER	1.00		$0	$0	$0
MARIKA SHIORI-CLARK	BOARD MEMBER	1.00		$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
2024	$860,988	$1,135,530	$1,448,435	$-274,542
2023	$1,003,436	$1,030,201	$1,650,633	$-26,765
2022	$904,895	$950,106	$1,985,785	$-45,211
2021	$921,722	$963,246	$2,305,026	$-41,524
2020	$1,167,263	$1,254,500	$2,380,416	$-87,237
2019	$1,311,707	$1,635,445	$2,510,732	$-323,738
2018	$1,801,421	$1,479,641	$3,075,824	$321,780

INTERMUSEUM CONSERVATION ASSOCIATION