STUDIO ART QUILT ASSOC INC

EIN: 770271652 501(c)(3) Arts, Culture & Humanities

HEBRON, CT

Total Revenue
$1,330,771
Total Expenses
$1,452,917
Total Assets
$925,133
Net Assets
$404,955
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
CA
Principal Officer
MARTHA SIELMAN
Phone
8605301551
Tax Period
2023-01-01 to 2023-12-31

STUDIO ART QUILT ASSOC INC, founded in 1990, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2023.

Mission

TO PROMOTE THE ART QUILT THROUGH EDUCATION, EXHIBITIONS, PROFESSIONAL DEVELOPMENT, DOCUMENTATION, AND PUBLICATIONS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $488,402
Program Service Revenue $702,111
Investment Income $18,718
Other Revenue $121,540
TOTAL REVENUE $1,330,771

Expense Breakdown

Grants Paid $0
Salaries & Benefits $482,184
Fundraising Expenses $89,927
Program Expenses $1,178,511
Other Expenses $970,733
TOTAL EXPENSES $1,452,917

Year-over-Year Comparison

2023 2022 Change
Revenue $1,330,771 $1,257,266 +0.1%
Expenses $1,452,917 $1,212,396 +0.2%
Net Income $-122,146 $44,870 -3.7%
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

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Governance

Voting Members
16
Independent Members
16
Employees
6
Volunteers
150

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
7
$119,657
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTHA SIELMAN EXECUTIVE DIRECTOR 40
Officer
$119,657 $0 $119,657
MEL BEACH PRESIDENT 2
Officer Director
$0 $0 $0
LILO BOWMAN VICE-PRESIDENT 2
Officer Director
$0 $0 $0
SHANNON CONLEY TREASURER 2.00
Officer Director
$0 $0 $0
CLAIRE PASSMORE SECRETARY 2
Officer Director
$0 $0 $0
GWYNED TREFETHEN TREASURER 2
Officer Director
$0 $0 $0
HOLLY BRACKMANN BOARD MEMBER 1
Director
$0 $0 $0
SHIN-HEE CHIN BOARD MEMBER 1
Director
$0 $0 $0
JETTE CLOVER BOARD MEMBER 1
Director
$0 $0 $0
CAROLYN DUCEY BOARD MEMBER 1
Director
$0 $0 $0
EARAMICHIA BROWN BOARD MEMBER 1
Director
$0 $0 $0
VIVIKA DENEGRE BOARD MEMBER 1
Director
$0 $0 $0
CYNTHIA FRIEDMAN BOARD MEMBER 1
Director
$0 $0 $0
SUSIE GOODMAN BOARD MEMBER 1
Director
$0 $0 $0
JAIMIANNE JACOBIN BOARD MEMBER 1
Director
$0 $0 $0
KATHIE KERLER BOARD MEMBER 1
Director
$0 $0 $0
MIKE MCCORMICK BOARD MEMBER 1
Director
$0 $0 $0
CANDICE PHELAN BOARD MEMBER 1
Director
$0 $0 $0
SARA TRAIL BOARD MEMBER 1
Director
$0 $0 $0
MAGGIE VANDERWEIT BOARD MEMBER 1
Director
$0 $0 $0
MELISSA WRAALSTAD BOARD MEMBER 1
Director
$0 $0 $0
ZARA ZANNETTINO BOARD MEMBER 1
Director
$0 $0 $0
DOLORES MILLER VICE-PRESIDENT 2
Officer
$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 No data No data No data No data
2023 $1,330,771 $1,452,917 $925,133 $-122,146
2022 $1,257,266 $1,212,396 $1,123,862 $44,870
2021 $1,112,174 $1,005,317 $920,044 $106,857
2020 $1,113,808 $942,841 $998,723 $170,967
2019 $1,165,975 $1,161,622 $638,058 $4,353
2018 $977,184 $956,052 $526,150 $21,132
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