WATERCOLOR SOCIETY OF INDIANA INC (EIN 351598145) - 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

1983

Legal Domicile

Phone

3175002275

Tax Period

2025-01-01 to 2025-12-31

WATERCOLOR SOCIETY OF INDIANA INC, founded in 1983, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $87K in total revenue in fiscal year 2025. Expenses of $79K left a modest 9% surplus.

Mission

THE WATERCOLOR SOCIETY OF INDIANA SEEKS TO EDUCATE INDIANA RESIDENTS ABOUT THE DISCIPLINE OF THE WATERCOLOR MEDIUM THROUGH EXHIBITS, JURIED COMPETITIONS, CLASSES, DISCUSSIONS, DEMONSTRATIONS, OUTREACH PROGRAMS AND COMMUNITY SERVICE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $45,769

Program Service Revenue $0

Investment Income $40,022

Other Revenue $1,180

TOTAL REVENUE $86,971

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $44,121

Fundraising Expenses $0

Program Expenses $79,173

Other Expenses $32,052

TOTAL EXPENSES $79,173

Year-over-Year Comparison

	2025	2024	Change
Revenue	$86,971	$80,598	+0.1%
Expenses	$79,173	$63,721	+0.2%
Net Income	$7,798	$16,877	-0.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERESA ALTEMEYER	CHAIRPERSON	1.00	Director	$0	$0	$0
DEBI BLACK	CHAIRPERSON	1.00	Director	$0	$0	$0
KAREN FEHR	CHAIRPERSON	1.00	Director	$0	$0	$0
RACHEL LATTIMORE	CHAIRPERSON	1.00	Director	$0	$0	$0
JOHN OCONNOR	CHAIRPERSON	1.00	Director	$0	$0	$0
BRENDA PETTIGREW	CHAIRPERSON	1.00	Director	$0	$0	$0
SHIRLEY WOOLARD	CHAIRPERSON	1.00	Director	$0	$0	$0
SHERYL THURSTON	CHAIRPERSON	1.00	Director	$0	$0	$0
MARCIA RELLER	CHAIRPERSON	1.00	Director	$0	$0	$0
NANCY RAIRDON	CHAIRPERSON	1.00	Director	$0	$0	$0
AMY PASKO-BLACKWELL	CHAIRPERSON	1.00	Director	$0	$0	$0
TIM LEWIS	PRESIDENT	5.00	Officer Director	$0	$0	$0
MARY JANE KEYS	CHAIRPERSON	1.00	Director	$0	$0	$0
SANDY HALL	CHAIRPERSON	1.00	Director	$0	$0	$0
SUSAN SEMENICK	CHAIRPERSON	1.00	Director	$0	$0	$0
PAT SHAURETTE	SECRETARY	3.00	Director	$0	$0	$0
AGGIE SWEENEY	CHAIRPERSON	1.00	Director	$0	$0	$0
SUSAN VOIGT	CHAIRPERSON	1.00	Director	$0	$0	$0
JENNIFER AIKEN	CHAIRPERSON	1.00	Director	$0	$0	$0
ANN COLE ROSE	CHAIRPERSON	1.00	Director	$0	$0	$0
BENJI CRAIG	CHAIRPERSON	1.00	Director	$0	$0	$0
LIZABETH MARKS-SHEPARD	CHAIRPERSON	1.00	Director	$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	$86,971	$79,173	$770,602	$7,798
2024	$80,598	$63,721	$709,684	$16,877
2023	$60,101	$59,818	$664,897	$283
2022	$50,049	$51,536	$621,167	$-1,487
2021	$25,484	$49,359	$698,895	$-23,875
2020	$14,123	$54,365	$589,283	$-40,242
2019	$74,148	$78,632	$571,142	$-4,484
2018	$157,839	$87,774	$488,655	$70,065

WATERCOLOR SOCIETY OF INDIANA INC