WASSENBERG ART CENTER ASSOCIATION (EIN 341377187) - 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

1982

Legal Domicile

Principal Officer

STICKY RAMMEL

Phone

4192386837

Tax Period

2022-01-01 to 2022-12-31

WASSENBERG ART CENTER ASSOCIATION, founded in 1982, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $38K in total revenue in fiscal year 2022. Revenue fell 80% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $6K, a strong 17% operating margin.

Mission

PURPOSE OF THE ART CENTER SHALL BE TO ENCOURAGE PARTICIPATION AND ENJOYMENT OF VISUAL ARTS AND TO PROMOTE ART INSTRUCTION PURSUANT TO THE TERMS EXPRESSED IN THE WILL OF CHARLES WASSENBERG.

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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 $24,282

Program Service Revenue $5,320

Investment Income $3,303

Other Revenue $4,809

TOTAL REVENUE $37,714

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,476

Fundraising Expenses $0

Program Expenses $31,344

Other Expenses $23,868

TOTAL EXPENSES $31,344

Year-over-Year Comparison

	2022	2021	Change
Revenue	$37,714	$188,189	-0.8%
Expenses	$31,344	$161,237	-0.8%
Net Income	$6,370	$26,952	-0.8%

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

$18,884

Total Directors

$9,030

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STICKY RAMMEL	PRESIDENT	1.00	Officer Director	$0	$0	$0
RACHEL HOVERMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ELIZABETH ADAMS	SECRETARY	1.00	Officer Director	$0	$0	$0
MATT HOSKINS	TREASURER	1.00	Officer Director	$0	$0	$0
SARAH HOPE WELLS	BOARD MEMBER	1.00	Director	$0	$0	$0
EMILY HOSKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIN MCMILLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
ELLEN RAGER	BOARD MEMBER	1.00	Director	$0	$0	$0
KYLE SCHUMM	BOARD MEMBER	1.00	Director	$0	$0	$0
JAYNE SMITH	INTERIM ED 10/22-12/22, BOARD MEMBER	1.00	Officer Director	$0	$0	$9,030
BRENT STEVENS	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM STRIPE	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
HOPE WALLACE	EXECUTIVE DIRECTOR 1/22-2/22	40.00	Officer	$0	$1,778	$9,854

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
2022	$37,714	$31,344	$119,593	$6,370
2021	$188,189	$161,237	$124,024	$26,952
2020	$111,704	$96,717	$99,072	$14,987
2019	$220,402	$134,819	$84,800	$85,583

WASSENBERG ART CENTER ASSOCIATION