BALTIMORE CLAYWORKS INC

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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

1980

Legal Domicile

Principal Officer

MATTHEW HYLECK

Phone

4105781919

Tax Period

2023-01-01 to 2023-12-31

BALTIMORE CLAYWORKS INC, founded in 1980, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 9% surplus.

Mission

BALTIMORE CLAYWORKS IS A NON-PROFIT CERAMIC ART CENTER THAT EXISTS TO DEVELOP, SUSTAIN, AND PROMOTE AN ARTIST-CENTERED COMMUNITY THAT PROVIDES OUTSTANDING ARTISTIC, EDUCATIONAL, AND COLLABORATIVE PROGRAMS IN CERAMIC ARTS.

Program Service Accomplishments

Program 1

Expenses: $843,096 Revenue: $579,026

COMMUNITY ARTS AND ADULT/CHILDREN EDUCATION: PROVIDED HANDS-ON STUDIO CLASSES TO 1804 CHILDREN AND ADULTS AT THE CLAYWORKS' STUDIO BUILDING, 795 STUDENTS AT 21 SITES THROUGH FREE COMMUNITY ARTS...

COMMUNITY ARTS AND ADULT/CHILDREN EDUCATION: PROVIDED HANDS-ON STUDIO CLASSES TO 1804 CHILDREN AND ADULTS AT THE CLAYWORKS' STUDIO BUILDING, 795 STUDENTS AT 21 SITES THROUGH FREE COMMUNITY ARTS PROGRAMS THROUGH BALTIMORE CITY, 282 ADULTS VIA VITRUTAL ARTIST TALKS, 7 INDIVIDUALS WITH MONTHLY WHEEL ACCESS, 85 INDIVIDUALS WITH MONTHLY COMMUNITY FIRING ACCESS IN OUR NOBORIGAMA KILN.

Program 2

Expenses: $192,455 Revenue: $164,751

ARTISTIC PROGRAMS: PROVIDED ACCESS TO WORKSPACE, EQUIPMENT, AND PROFESSIONAL DEVELOPMENT FOR 65 RESIDENTS AND VISITING ARTISTS AND PROVIDED SALES SUPPORT FOR 68 SHOP ARTISTS.

Program 3

Expenses: $40,104 Revenue: $77,008

EXHIBITIONS: PRESENTED 12 GALLERY EXHIBITIONS OF 241 NATIONAL AND INTERNATIONAL ARTISTS.

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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 $694,625

Program Service Revenue $820,785

Investment Income $11,497

Other Revenue $77,304

TOTAL REVENUE $1,604,211

Expense Breakdown

Grants Paid $0

Salaries & Benefits $620,334

Fundraising Expenses $104,545

Program Expenses $1,098,548

Other Expenses $833,747

TOTAL EXPENSES $1,454,081

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,604,211	$1,115,650	+0.4%
Expenses	$1,454,081	$1,185,400	+0.2%
Net Income	$150,130	$-69,750	-3.2%

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

Volunteers

187

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

$95,864

Total Directors

$21,113

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONNI ARONIN	TRUSTEE EMERITUS	3.00	Director	$1,228	$0	$1,228
DEBORAH BEDWELL	TRUSTEE EMERITUS	4.00	Director	$2,752	$0	$2,752
PATRICK BELL	TRUSTEE	3.00	Director	$13,785	$0	$13,785
JOHN GAZURIAN	TRUSTEE	2.00	Director	$0	$0	$0
AMADEUS GUCHAIT	TRUSTEE	1.00	Director	$0	$0	$0
JOHN MATUSZAK	TRUSTEE	3.00	Director	$0	$0	$0
MYLOSHIA MONTGOMERY	TRUSTEE	1.00	Director	$0	$0	$0
SARA PRIGODICH	TRUSTEE	1.00	Director	$0	$0	$0
VOLKER SCHONEFLEISS	TRUSTEE EMERITUS	3.00	Director	$2,874	$0	$2,874
HAE WON SOHN	TRUSTEE	1.00	Director	$0	$0	$0
MARLENE SOKOLOSKI-SANDLER	TRUSTEE EMERITUS	2.00	Director	$235	$0	$235
MONICA TRUESDALE	TRUSTEE	1.00	Director	$0	$0	$0
ARCHIE VEALE	TRUSTEE	1.00	Director	$0	$0	$0
PAM WORTHINGTON	TRUSTEE EMERITUS	1.00	Director	$239	$0	$239
HYEIN YOO	TRUSTEE	1.00	Director	$0	$0	$0
N/A	PRESIDENT	5.00		$0	$0	$0
N/A	VICE PRESIDENT	3.00		$0	$0	$0
N/A	SECRETARY	3.00		$0	$0	$0
N/A	TREASURER	3.00		$0	$0	$0
MATTHEW HYLECK	EXECUTIVE DIRECTOR	35.00	Officer	$89,117	$6,747	$95,864

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	$1,604,211	$1,454,081	$3,055,972	$150,130
2022	$1,115,650	$1,185,400	$2,896,232	$-69,750
2021	$1,163,286	$1,093,470	$2,982,391	$69,816
2020	$851,619	$924,375	$2,933,159	$-72,756
2019	$845,529	$1,056,657	$3,081,356	$-211,128
2018	$1,206,069	$833,554	$3,317,646	$372,515