WHAM ART ASSOCIATION (EIN 364697281) - 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

2011

Legal Domicile

Phone

6235848311

Tax Period

2023-01-01 to 2023-12-31

WHAM ART ASSOCIATION, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $307K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $290K left a modest 6% surplus.

Mission

WHAM'S MISSION IS TO PROVIDE INNOVATIVE, MULTIDISCIPLINARY, ARTS-INCLUSIVE PROGRAMMING, EXHIBITS, AND PROJECTS TO THE DIVERSE COMMUNITIES WE SERVE. AS AN ORGANIZATION WE ARE INTERESTED IN ENHANCING ECONOMIC DEVELOPMENT AND ARTISTIC COLLABORATION FOR OUR MEMBERS,THE COMMUNITY, AND OTHER ORGANIZATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $157,705

Program Service Revenue $125,004

Investment Income $5,184

Other Revenue $18,970

TOTAL REVENUE $306,863

Expense Breakdown

Grants Paid $1,800

Salaries & Benefits $143,908

Fundraising Expenses $0

Program Expenses $196,262

Other Expenses $144,036

TOTAL EXPENSES $289,744

Year-over-Year Comparison

	2023	2022	Change
Revenue	$306,863	$362,110	-0.2%
Expenses	$289,744	$268,055	+0.1%
Net Income	$17,119	$94,055	-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

$49,940

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CONNIE WHITLOCK	Executive Dir.	60.00	Officer	$49,940	$0	$49,940
JAY LEONARD	Chairman	3.00	Officer Director	$0	$0	$0
MARLEEJEAN JOHNSON	Director	0.50	Director	$0	$0	$0
KAREN BISKO	Director	0.50	Director	$0	$0	$0
SCOTT PHILLIPS	Director	0.50	Director	$0	$0	$0
CHERYL STREET	Director	4.00	Director	$0	$0	$0
LORRAINE ZOMOK	Director	1.00	Director	$0	$0	$0
BUD ZOMOK	Director	0.50	Director	$0	$0	$0
LISA PLATT	Director	2.00	Director	$0	$0	$0
TRACI PHILLIPS	Director	0.00	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
2024	No data	No data	No data	No data
2023	$306,863	$289,744	$299,502	$17,119
2022	$362,110	$268,055	$288,829	$94,055
2021	$230,800	$236,794	$163,727	$-5,994
2020	$270,668	$211,336	$178,228	$59,332

WHAM ART ASSOCIATION