Washington Studio School

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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

1991

Legal Domicile

Principal Officer

Reem Bassous

Phone

2022343030

Tax Period

2023-09-01 to 2024-08-31

Washington Studio School, founded in 1991, is a small nonprofit that reported $764K in total revenue in fiscal year 2023.

Mission

MissionThrough immersive learning on how to see through drawing, painting, sculpture, and printmaking, students are encouraged to grow, experiment, and create art that is personal and relevant. We offer classes, workshops and exhibitions with the purpose of engaging students and connecting them to the community. We endure as a place of discourse and creativity, and our growth relies on this inclusive mission of diverse voices and approaches.

Program Service Accomplishments

Program 1

Expenses: $525,690 Revenue: $493,074

Art School and Center - Provide an education in art to students from the general public. The school offers rigorous instruction in drawing, painting and sculpture. The mission of Washington Studio...

Art School and Center - Provide an education in art to students from the general public. The school offers rigorous instruction in drawing, painting and sculpture. The mission of Washington Studio School is to teach the visual language and skills essential to developing and expressing a personal vision. Visiting and guest artists enhance the program offering for artists, student artists and the general public.

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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 $272,985

Program Service Revenue $483,988

Investment Income $6,835

Other Revenue $27

TOTAL REVENUE $763,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $446,740

Fundraising Expenses $0

Program Expenses $525,690

Other Expenses $342,813

TOTAL EXPENSES $789,553

Year-over-Year Comparison

	2023	2022	Change
Revenue	$763,835	$754,150	+0.0%
Expenses	$789,553	$771,782	+0.0%
Net Income	$-25,718	$-17,632	+0.5%

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

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
Brian Kelley	Board Member	4.00		$13,668	$0	$13,668
Paul Pietsch	Treasurer	6.00		$6,714	$0	$6,714
Jason Jaffery	President	10.00	Officer Director	$0	$0	$0
Jeffrey Denny	Treasurer	6.00	Officer Director	$0	$0	$0
David Ibata	Vice President	4.00	Officer Director	$0	$0	$0
Julie Egermayer	Board memeber	8.00	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
2025	No data	No data	No data	No data
2024	$763,835	$789,553	$478,530	$-25,718
2023	$754,150	$771,782	$580,845	$-17,632
2022	$714,990	$643,004	$599,430	$71,986
2021	$573,554	$570,273	$504,487	$3,281
2020	$605,925	$582,037	$520,709	$23,888
2019	$652,149	$631,463	$488,060	$20,686
2018	$578,634	$524,717	$453,100	$53,917