CALIFORNIA WATERCOLOR ASSOCIATION (EIN 510142997) - 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

2001

Legal Domicile

Principal Officer

IRETTA HUNTER

Tax Period

2020-01-01 to 2020-12-31

CALIFORNIA WATERCOLOR ASSOCIATION, founded in 2001, is a micro nonprofit that reported $32K in total revenue in fiscal year 2020. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $79K exceeded revenue, resulting in a 151% operating deficit.

Mission

Education and Promotion of Watercolor Painting

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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 (2020)

Revenue Breakdown

Contributions & Grants $9,398

Program Service Revenue $20,168

Investment Income $140

Other Revenue $1,906

TOTAL REVENUE $31,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $63,307

Other Expenses $79,256

TOTAL EXPENSES $79,256

Year-over-Year Comparison

	2020	2019	Change
Revenue	$31,612	$62,010	-0.5%
Expenses	$79,256	$88,518	-0.1%
Net Income	$-47,644	$-26,508	+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

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
OPEN	PRESIDENT	N/A	Officer Director	$0	$0	$0
DESTINY BRADT	VICE PRESIDENT-MEMBERSHIP	N/A	Officer Director	$0	$0	$0
IRETTA HUNGER	ACTING BUDGET DIRECTOR	3	Officer Director	$0	$0	$0
LESLIE WILSON	SECRETARY	3	Officer Director	$0	$0	$0
OPEN	COMMUNICATIONS DIRECTOR	N/A	Director	$0	$0	$0
DONNA CORRIGAN	MEMBER SHOWS	2	Officer	$0	$0	$0
PAT WAI	PROGRAMS	2	Officer	$0	$0	$0
JOSEPH TRINGALI	DIRECTOR WORKSHOPS	2	Director	$0	$0	$0
MICHAEL FRIEDLAND	DIRECTOR NATL EXHIBITION	2	Officer	$0	$0	$0
SHEILA CAIN	DIRECTOR COMMUNITY OUTREACH	2	Officer	$0	$0	$0
GEORGANNE ZARO-EDDY	CO COMMUNITY OUTREACH	2	Officer	$0	$0	$0
WENDY OLVIER	DIRECTOR OF WORKSHOPS	1		$0	$0	$0
CHRISTINE STAVEM	AT LARGE	1	Officer Director	$0	$0	$0
KATHLEEN STUMPTEL	AT LARGE	1	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
2020	$31,612	$79,256	$134,173	$-47,644

CALIFORNIA WATERCOLOR ASSOCIATION