PAINE ART CENTER & GARDENS INC (EIN 390785483) - 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

1946

Legal Domicile

Principal Officer

AARON SHERER

Phone

9202356903

Tax Period

2023-01-01 to 2023-12-31

PAINE ART CENTER & GARDENS INC, founded in 1946, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.2M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $2.8M left a modest 15% surplus.

Mission

CONSERVE, PRESENT AND ENHANCE THE HISTORIC HOUSE, GARDENS, ART COLLECTIONS AND EXHIBITIONS.

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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 $1,959,170

Program Service Revenue $877,318

Investment Income $-49,676

Other Revenue $447,542

TOTAL REVENUE $3,234,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,217,327

Fundraising Expenses $137,472

Program Expenses $1,734,320

Other Expenses $1,547,749

TOTAL EXPENSES $2,765,076

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,234,354	$3,438,839	-0.1%
Expenses	$2,765,076	$3,040,696	-0.1%
Net Income	$469,278	$398,143	+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

129

Volunteers

200

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

$267,567

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRINA WOLDT	PRESIDENT	10.00	Officer Director	$0	$0	$0
PIERCE SMITH	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
GERALD STADTMUELLER	PAST PRESIDENT	10.00	Officer Director	$0	$0	$0
MEGHANN KASPER	TREASURER	10.00	Officer Director	$0	$0	$0
ANNIE EIDEN	SECRETARY	10.00	Officer Director	$0	$0	$0
JACK BERMINGHAM	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH SMITH	TRUSTEE	1.00	Director	$0	$0	$0
CARLA KELLY	TRUSTEE	1.00	Director	$0	$0	$0
DAVID OMACHINSKI	TRUSTEE	1.00	Director	$0	$0	$0
JASON HIRSCHBERG	TRUSTEE	1.00	Director	$0	$0	$0
JOE FRANZOI	TRUSTEE	1.00	Director	$0	$0	$0
MEGAN LANG	TRUSTEE	1.00	Director	$0	$0	$0
PEG WACHTEL	TRUSTEE	1.00	Director	$0	$0	$0
STEVE THOMA	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN STEARNS	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS PETRI	TRUSTEE	1.00	Director	$0	$0	$0
TRISHA CASTLE	TRUSTEE	1.00	Director	$0	$0	$0
WESTON RADFORD	TRUSTEE	1.00	Director	$0	$0	$0
VICTOR ALATORRE	TRUSTEE	1.00	Director	$0	$0	$0
COLLEEN BIES	TRUSTEE	1.00	Director	$0	$0	$0
LAKEISHA HAASE	TRUSTEE	1.00	Director	$0	$0	$0
AMANDA IZQUIERDO	TRUSTEE	1.00	Director	$0	$0	$0
TOM TAGGART	TRUSTEE	1.00	Director	$0	$0	$0
COURTNEY LASKY	TRUSTEE	1.00	Director	$0	$0	$0
WILLA FORNETTI-BELL	TRUSTEE	1.00	Director	$0	$0	$0
AARON SHERER	EXECUTIVE DIRECTOR	40.00	Officer	$168,624	$10,117	$178,741
DORIS PEITZ	BUSINESS MANAGER	40.00	Officer	$74,161	$14,665	$88,826

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	$3,234,354	$2,765,076	$24,685,418	$469,278
2022	$3,438,839	$3,040,696	$23,116,590	$398,143
2021	$2,871,435	$2,232,410	$23,894,891	$639,025
2020	$1,731,916	$2,071,226	$21,743,643	$-339,310
2019	$1,712,969	$2,591,681	$21,344,323	$-878,712
2018	$1,773,791	$2,277,244	$21,036,029	$-503,453

PAINE ART CENTER & GARDENS INC