FALLS CHURCH ARTS 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

2003

Legal Domicile

Principal Officer

Joe Wetzel

Phone

7039815639

Tax Period

2025-01-01 to 2025-12-31

FALLS CHURCH ARTS INC, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $202K in total revenue in fiscal year 2025. The organization ran a surplus of $34K, a strong 17% operating margin.

Mission

Support for community based art and arts education

Program Service Accomplishments

Program 1

Expenses: $68,068 Revenue: $41,832

Gallery Exhibits: The organization furthered its cause of enriching public awareness of the visual arts through public exhibition of local and regional artists in its storefront gallery. 464 works of art by 401 different artists were exhibited over the 2025 year in themed and juried exhibitions. All works exhibited in the gallery were also shown and made available in On-line presentations of the exhibitions. Robust exhibition participation and placement in private collections demonstrates the strong support for the organization by both artists and the community at large

Program 2

Expenses: $78,707 Revenue: $70,285

Arts Education: in-person art classes provided throughout the year across many fine arts disciplines. Broad age groups targeted, with after school sessions and summer classes for youth. 356 class...

Arts Education: in-person art classes provided throughout the year across many fine arts disciplines. Broad age groups targeted, with after school sessions and summer classes for youth. 356 class registrations for the calendar year. "Excellence in Art Scholarship" awards made to several graduating high school students who planned to further their artistic pursuits in college.

Program 3

Expenses: $6,490 Revenue: $16,693

Community Arts: Our outdoor Plein Air painting festival exhibited 48 works viewed by around 500 visitors. The organization's weekly display at Falls Church's Farmer's Market brings art to the over...

Community Arts: Our outdoor Plein Air painting festival exhibited 48 works viewed by around 500 visitors. The organization's weekly display at Falls Church's Farmer's Market brings art to the over 1,000 weekly visitors and enhances awareness of Falls Church Arts, its offerings, and opportunities for involvement. Halloween Painting and Spring Festivals enlisting street level merchants to release their windows to groups of youthful and enthusiastic volunteer painters making downtown Falls Church City into a series of seasonal canvases, estimated 670 participants.

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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 (2025)

Revenue Breakdown

Contributions & Grants $62,760

Program Service Revenue $129,010

Investment Income $9,978

Other Revenue $0

TOTAL REVENUE $201,748

Expense Breakdown

Grants Paid $11,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $153,265

Other Expenses $156,267

TOTAL EXPENSES $167,267

Year-over-Year Comparison

	2025	2024	Change
Revenue	$201,748	$205,759	0.0%
Expenses	$167,267	$139,468	+0.2%
Net Income	$34,481	$66,291	-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

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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

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
Joe Wetzel	President	20	Officer Director	$0	$0	$0
Maureen Budetti	Vice President	10	Officer Director	$0	$0	$0
Susan Hillson	Treasurer	10	Officer Director	$0	$0	$0
Susan Boggs	Secretary	2	Officer Director	$0	$0	$0
John Ballou	Officer	2	Officer Director	$0	$0	$0
Shaun Van Steyn	Officer	1	Officer Director	$0	$0	$0
Martha Behr	Officer	10	Officer 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	$201,748	$167,267	$337,998	$34,481
2024	No data	No data	No data	No data