THE WALLACE COLLECTION IN AMERICA INC (EIN 474440051) - 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

2015

Legal Domicile

Principal Officer

MICHELE BEINY HARKINS

Phone

6468670994

Tax Period

2023-01-01 to 2023-12-31

THE WALLACE COLLECTION IN AMERICA INC, founded in 2015, is a small nonprofit in the Education sector that reported $130K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Net assets of $398K represent 37 months of operating reserves.

Mission

TO EDUCATE THE PUBLIC ABOUT ART AND TO RAISE AWARENESS ABOUT THE WALLACE COLLECTION.

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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 $130,468

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $130,468

Expense Breakdown

Grants Paid $138,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $138,000

Other Expenses $0

TOTAL EXPENSES $138,000

Year-over-Year Comparison

	2023	2022	Change
Revenue	$130,468	$224,837	-0.4%
Expenses	$138,000	$445,681	-0.7%
Net Income	$-7,532	$-220,844	-1.0%

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
MICHELE BEINY HARKINS	PRESIDENT/DIRECTOR	0.50	Officer Director	$0	$0	$0
DOUNIA NADAR	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$0	$0
MARILYN FRIEDLAND	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
SARAH HARMER	TREASURER	1.00	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
2024	No data	No data	No data	No data
2023	$130,468	$138,000	$397,675	$-7,532
2022	$224,837	$445,681	$405,197	$-220,844
2021	$239,485	$120,746	$626,041	$118,739
2020	$282,449	$183,246	$513,302	$99,203
2019	$303,456	$214,553	$414,099	$88,903

THE WALLACE COLLECTION IN AMERICA INC