THE MUSE WRITERS CENTER

EIN: 562532348 501(c)(3) Education

NORFOLK, VA

Total Revenue
$607,837
Total Expenses
$544,481
Total Assets
$354,327
Net Assets
$354,327
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
VA
Principal Officer
MICHAEL KHANDELWAL
Phone
7578189880
Tax Period
2024-01-01 to 2024-12-31

THE MUSE WRITERS CENTER, founded in 2006, is a small nonprofit in the Education sector that reported $286K in total revenue in fiscal year 2018.

Mission

BROADENING COMMUNITY AWARENESS AND SUPPORT OF THE LITERARY ARTS THROUGH EVENTS, WORKSHOPS, AND OUTREACH.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $494,109
Program Service Revenue $113,648
Investment Income $80
Other Revenue $0
TOTAL REVENUE $607,837

Expense Breakdown

Grants Paid $8,200
Salaries & Benefits $401,190
Fundraising Expenses $0
Program Expenses $493,147
Other Expenses $135,091
TOTAL EXPENSES $544,481

Year-over-Year Comparison

2024 2023 Change
Revenue $607,837 $504,515 +0.2%
Expenses $544,481 $516,722 +0.1%
Net Income $63,356 $-12,207 -6.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
10
Volunteers
88

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
6
$58,850
Total Directors
17
$64,785
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL KHANDELWAL EXECUTIVE DI 40.00
Officer Director
$55,750 $0 $55,750
DIANE FINE SECRETARY 5.00
Director
$4,135 $0 $4,135
MICHAEL KRETZ VICE CHAIR 5.00
Officer Director
$3,100 $0 $3,100
LUISA IGLORIA BOARDMEMBER 2.00
Director
$1,800 $0 $1,800
STEVE BURGESS IMMEDIATE PA 5.00
Officer Director
$0 $0 $0
CINDY CARLSON BOARD MEMBER 2.00
Officer Director
$0 $0 $0
HOLLY CHACON BOARD MEMBER 1.00
Officer Director
$0 $0 $0
KAREN CORRIGAN CHAIRPERSON 5.00
Officer Director
$0 $0 $0
GRETCHEN GILLEN BOARDMEMBER 1.00
Director
$0 $0 $0
CHARLES HECHT-LEAVITT TREASURER 5.00
Director
$0 $0 $0
RICHARD LEVIN BOARDMEMBER 1.00
Director
$0 $0 $0
LAURINE PRESS BOARD MEMBER 1.00
Director
$0 $0 $0
JANE WERTZ BOARD MEMBER 1.00
Director
$0 $0 $0
JANE WHITE BOARDMEMBER 4.00
Director
$0 $0 $0
LAKEAH WILKINS BOARDMEMBER 1.00
Director
$0 $0 $0
BETH WILLIAMS BOARDMEMBER 1.00
Director
$0 $0 $0
CAITLYN WORNER BOARDMEMBER 5.00
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
2024 $607,837 $544,481 $354,327 $63,356
2023 $504,515 $516,722 $276,285 $-12,207
2022 $473,964 $478,455 $277,898 $-4,491
2021 $595,153 $433,101 $296,888 $162,052
2020 $351,861 $365,745 $133,365 $-13,884
2019 $341,979 $343,049 $124,195 $-1,070
2018 $286,190 $279,422 $120,993 $6,768
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