WHAM ART ASSOCIATION

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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

Principal Officer

CONNIE WHITLOCK

Phone

6235848311

Tax Period

2025-01-01 to 2025-12-31

WHAM ART ASSOCIATION, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $370K in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $336K left a modest 9% surplus.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $14,614

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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 $218,796

Program Service Revenue $123,706

Investment Income $9,167

Other Revenue $18,536

TOTAL REVENUE $370,205

Expense Breakdown

Grants Paid $0

Salaries & Benefits $186,642

Fundraising Expenses $5,176

Program Expenses $118,818

Other Expenses $149,415

TOTAL EXPENSES $336,057

Year-over-Year Comparison

	2025	2024	Change
Revenue	$370,205	$331,249	+0.1%
Expenses	$336,057	$303,929	+0.1%
Net Income	$34,148	$27,320	+0.2%

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

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
JAY LEONARD	CHAIRMAN	N/A	Officer Director	$0	$0	$0
MARGARET LIEU	DIRECTOR	N/A	Director	$0	$0	$0
KEVIN PERRY	DIRECTOR	N/A	Director	$0	$0	$0
LISA PLATT	DIRECTOR	N/A	Director	$0	$0	$0
BUD ZOMOK	DIRECTOR	N/A	Director	$0	$0	$0
LORRAINE ZOMOK	DIRECTOR	N/A	Director	$0	$0	$0
CONNIE WHITLOCK	EXECUTIVE DI	N/A	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	$370,205	$336,057	$359,868	$34,148
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