PATRONS OF THE ARTS IN THE VATICAN MUSEUMS

EIN: 831045934 501(c)(3) Arts, Culture & Humanities

CHICAGO, IL

Total Revenue
$214,285
Total Expenses
$651,894
Total Assets
$112,791
Net Assets
$112,791
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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
IL
Phone
9787826317
Tax Period
2023-01-01 to 2023-12-31

PATRONS OF THE ARTS IN THE VATICAN MUSEUMS NORTH AMERICAN SERVICES, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $528K in total revenue in fiscal year 2020. Revenue surged 359% from the prior year, signaling strong growth momentum. Expenses of $510K left a modest 3% surplus.

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.

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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 $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

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Governance

Voting Members
9
Independent Members
9
Employees
1
Volunteers
5

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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
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
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