PATRONS OF THE ARTS IN THE VATICAN… - Form 990 Financial Data

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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

2018

Legal Domicile

Phone

9787826317

Tax Period

2023-01-01 to 2023-12-31

PATRONS OF THE ARTS IN THE VATICAN MUSEUMS, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $214K in total revenue in fiscal year 2023. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $652K exceeded revenue, resulting in a 204% operating deficit.

Mission

THE PURPOSE OF THE ORGANIZATION IS PROVIDING COUNSEL, ADVICE, ORGANIZATIONAL AND OPERATIONAL ASSISTANCE TO REGIONAL CHAPTERS OF PATRONS OF THE ARTS IN VATICAN MUSEUMS FURTHERANCE OF THE MISSION OF CONSERVING, REPORTING, PROMOTING AND EXHIBITING THE TREASURERS OF ART IN VATICAN MUSEUMS.

Program Service Accomplishments

Program 1

Expenses: $387,298

PRESERVATION AND RESTORATION OF ART IN VATICAN MUSEUMS

Program 2

Expenses: $220,728

PROVIDING COUNSEL, ADVICE AND ASSISTANCE TO REGIONAL CHAPTERS OF PATRONS IN THE ARTS IN VATICAN MUSEUMS

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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 $209,422

Program Service Revenue $250

Investment Income $4,613

Other Revenue $0

TOTAL REVENUE $214,285

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,303

Fundraising Expenses $0

Program Expenses $608,026

Other Expenses $635,591

TOTAL EXPENSES $651,894

Year-over-Year Comparison

	2023	2022	Change
Revenue	$214,285	$705,354	-0.7%
Expenses	$651,894	$1,317,562	-0.5%
Net Income	$-437,609	$-612,208	-0.3%

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
LORRAINE DODERO	President	2.00	Officer Director	$0	$0	$0
ANTHONY MCLAUGHLIN	Treasurer	2.00	Officer Director	$0	$0	$0
DEBRA COLLETTI	Secretary	2.00	Officer Director	$0	$0	$0
REV MSGR TERENCE HOGAN	Director	2.00	Director	$0	$0	$0
DONNA M D'URSO	Director	2.00	Director	$0	$0	$0
ART LOHSEN	Director	2.00	Director	$0	$0	$0
MARY M VIATOR	Director	2.00	Director	$0	$0	$0
SR RAFFAELLA PETRINI FSE	Director	2.00	Director	$0	$0	$0
GEORGINA BERNETT	Director	2.00	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
2023	$214,285	$651,894	$112,791	$-437,609
2022	$705,354	$1,317,562	$559,851	$-612,208
2021	$1,896,403	$881,084	$1,219,925	$1,015,319
2020	$528,398	$510,373	$220,296	$18,025

PATRONS OF THE ARTS IN THE VATICAN MUSEUMS