WALKER ART CENTER

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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

MARY CERUTI

Phone

6123757600

Tax Period

2024-07-01 to 2025-06-30

WALKER ART CENTER, founded in 1946, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $53.5M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $21.7M, a strong 41% operating margin.

Mission

THE WALKER ART CENTER EMPOWERS PEOPLE TO EXPERIENCE THE TRANSFORMATIVE POSSIBILITIES OF THE ART AND IDEAS OF OUR TIME AND TO IMAGINE THE WORLD IN NEW WAYS.

Program Service Accomplishments

Program 1

Expenses: $18,961,886 Revenue: $2,609,886

THE WALKER ART CENTER PROVIDES EXHIBITIONS OF PAINTINGS, SCULPTURE, PRINTS, PHOTOGRAPHY AND DIGITAL MEDIA WITH AN EMPHASIS ON CONTEMPORARY ART, MOVING IMAGE PROGRAM INCLUDING FILM SCREENINGS...

THE WALKER ART CENTER PROVIDES EXHIBITIONS OF PAINTINGS, SCULPTURE, PRINTS, PHOTOGRAPHY AND DIGITAL MEDIA WITH AN EMPHASIS ON CONTEMPORARY ART, MOVING IMAGE PROGRAM INCLUDING FILM SCREENINGS, EDUCATION PROGRAMS AND TOURS FOR ADULTS, TEENS, CHILDREN, SCHOOL AND FAMILY PROGRAMS. PERFORMING ARTS INCLUDES PRESENTATION OF VARIOUS PERFORMANCES INCLUDING DANCE, MUSIC, AND THEATRE.

Program 2

Expenses: $2,251,532 Revenue: $0

THE WALKER ART CENTER CONTINUALLY ADDS WORKS OF ART TO THE PERMANENT COLLECTION FOR PUBLIC VIEWING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $24,833,875

Program Service Revenue $2,609,886

Investment Income $26,074,727

Other Revenue $-116

TOTAL REVENUE $53,518,372

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,858,840

Fundraising Expenses $1,771,559

Program Expenses $21,213,418

Other Expenses $17,825,109

TOTAL EXPENSES $31,784,326

Year-over-Year Comparison

	2024	2023	Change
Revenue	$53,518,372	$60,699,292	-0.1%
Expenses	$31,784,326	$29,161,653	+0.1%
Net Income	$21,734,046	$31,537,639	-0.3%

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

243

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

$766,595

Total Directors

Key Employees

$687,532

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLEN WILSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK ADDICKS	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
SARAH OQUIST	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
GREG STENMOE	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK GREENE	TREASURER	1.00	Officer Director	$0	$0	$0
TODD ACKERMAN	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
SIMONE AHUJA	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
ELLIE ANDERSON	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
KATHIE CAFESJIAN BARADARAN	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
JAN BREYER	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
JOHN CHRISTAKOS	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
CHAD DAYTON	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
ANDREW DUFF	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
DAYNA FRANK	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
SIMA GRIFFITH	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
DANIEL GROSSMAN	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
LILI HALL	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
CHRIS HAQQ	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
JOHN HIGGINS	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
SEENA HODGES	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
ANDREW HUMPHREY	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
RITA GARNETT KHAN	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
DAVID KRISTAL	PUBLIC TRUSTEE (UNTIL 8/2/24)	1.00	Director	$0	$0	$0
ANNE LABOVITZ	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
ROBERT LILLIGREN	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
MARTHA MACMILLAN	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER MARTIN	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
JO CHRISTINE MILES	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
DAVE MOORE JR	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
VIKESH NEMANI	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
JOAN NOLAN	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
PILAR OPPEDISANO	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL PETERMAN	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
CHARLIE POHLAD	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
TERESA RASMUSSEN	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
PETER REMES	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
BRIAN RICE	PUBLIC TRUSTEE (UNTIL 1/28/25)	1.00	Director	$0	$0	$0
KEITH RIVERS	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
JOEL RONNING	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
PHIL ROSENBLOOM	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
DAVID STRAUSS	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY SWINTON	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
CARLO BRONZINI VENDER	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE WALKER	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
JOHN WHALEY	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
SUSAN WHITE	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
ROBIN WRIGHT	PUBLIC TRUSTEE	1.00	Director	$0	$0	$0
ANN CADWALADER	WALKER FAMILY TRUSTEE	1.00	Director	$0	$0	$0
CAROLYN WALKER	WALKER FAMILY TRUSTEE	1.00	Director	$0	$0	$0
JEAN K WALKER LOWELL	WALKER FAMILY TRUSTEE	1.00	Director	$0	$0	$0
LANCE WALKER	WALKER FAMILY TRUSTEE	1.00	Director	$0	$0	$0
MARY CERUTI	EXECUTIVE DIRECTOR	35.00	Officer	$472,047	$53,428	$525,475
KIM HOLLINGSWORTH TAYLOR	CHIEF FINANCIAL OFFICER	35.00	Officer	$228,546	$12,574	$241,120
CHRISTOPHER STEVENS	CHIEF OF ADVANCEMENT	35.00	Key Emp	$247,567	$24,721	$272,288
HENRIETTE HULDISCH	CHIEF CURATOR	35.00	Key Emp	$213,365	$22,374	$235,739
AMANDA HUNT	HEAD OF PUB ENGAGEMENT, LEARNING, AND IMPACT	35.00	Key Emp	$159,906	$19,599	$179,505
PHILIP BITHER	SR CURATOR, PA	35.00	Highest	$208,769	$19,238	$228,007
SIRI ENGBERG	SR CURATOR, VA	35.00	Highest	$135,705	$18,510	$154,215
ASLI ALTAY	HEAD OF DESIGN, CONTENT, AND COMM.	35.00	Highest	$193,552	$12,959	$206,511
KEITH PARKER	HEAD OF OPERATIONS	35.00	Highest	$146,411	$15,181	$161,592
FELICIA O'BRIEN	DIRECTOR OF BUSINESS DEVELOPMENT	35.00	Highest	$130,295	$16,700	$146,995

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	$53,518,372	$31,784,326	$448,999,396	$21,734,046
2024	$60,699,292	$29,161,653	$409,711,271	$31,537,639
2023	$34,091,695	$30,039,127	$365,106,394	$4,052,568
2022	$20,987,778	$24,867,914	$355,494,582	$-3,880,136
2021	$50,426,261	$23,288,485	$379,213,744	$27,137,776
2020	$9,380,363	$22,729,866	$308,117,431	$-13,349,503
2019	$17,740,184	$25,272,831	$315,379,486	$-7,532,647
2018	$25,453,022	$26,808,114	$313,028,978	$-1,355,092