SKOWHEGAN SCHOOL OF PAINTING AND SCULPTURE INC (EIN 010263908) - Form 990 Financial Analysis & Trantor Score

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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

1946

Legal Domicile

Principal Officer

PAULA J VOLENT

Phone

2125290505

Tax Period

2024-01-01 to 2024-12-31

SKOWHEGAN SCHOOL OF PAINTING AND SCULPTURE INC, founded in 1946, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.4M in total revenue in fiscal year 2024. Revenue surged 144% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 26% operating margin.

Mission

SKOWHEGAN, PRIMARILY A SUMMER RESIDENCY PROGRAM FOR EMERGING VISUAL ARTISTS ESTABLISHED IN 1946, SEEKS EACH YEAR TO BRING TOGETHER A GIFTED AND ARTISTICALLY VARIED GROUP OF INDIVIDUALS WHO HAVE DEMONSTRATED A COMMITMENT TO ART-MAKING AND INQUIRY TO CREATE THE MOST STIMULATING AND RIGOROUS ENVIRONMENT FOR A CONCENTRATED PERIOD OF ARTISTIC CREATION, INTERACTION AND GROWTH. SKOWHEGAN ALSO SPONSORS PROGRAMS PRIMARILY IN NEW YORK CITY DURING FALL, WINTER AND SPRING TO FOSTER ITS MISSION AMONG ALUMNI AND THE VISUAL ARTS COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,968,858

Program Service Revenue $441,675

Investment Income $2,947,329

Other Revenue $42,434

TOTAL REVENUE $5,400,296

Expense Breakdown

Grants Paid $300,049

Salaries & Benefits $1,966,567

Fundraising Expenses $550,567

Program Expenses $2,710,105

Other Expenses $1,732,763

TOTAL EXPENSES $3,999,379

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,400,296	$2,214,790	+1.4%
Expenses	$3,999,379	$4,130,268	0.0%
Net Income	$1,400,917	$-1,915,478	-1.7%

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

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

$395,349

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELEANOR ACQUAVELLA	CHAIR	2.00	Officer Director	$0	$0	$0
PAULA J VOLENT	PRESIDENT	2.00	Officer Director	$0	$0	$0
GREGORY K PALM	TREASURER	1.00	Officer Director	$0	$0	$0
BERNARD I LUMPKIN	SECRETARY	1.00	Officer Director	$0	$0	$0
JAN ARONSON	TRUSTEE	1.00	Director	$0	$0	$0
RON BUCKLY	TRUSTEE	1.00	Director	$0	$0	$0
JOHN R COLEMAN	TRUSTEE	1.00	Director	$0	$0	$0
WARREN C COOK	TRUSTEE	1.00	Director	$0	$0	$0
SHARON CORWIN	TRUSTEE	1.00	Director	$0	$0	$0
CHIARA EDMANDS	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN PAUL FIRESTONE A '72	TRUSTEE	1.00	Director	$0	$0	$0
ANN L GUND	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH R HILPMAN	TRUSTEE	1.00	Director	$0	$0	$0
RENA HOFFMAN	TRUSTEE	1.00	Director	$0	$0	$0
STEPHANIE HUNT	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT L LOOKER THROUGH APRIL 24	TRUSTEE	1.00	Director	$0	$0	$0
VICTORIA LOVE SALNIKOFF	TRUSTEE	1.00	Director	$0	$0	$0
JOHN MELICK	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER NEW	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD T PRINS	TRUSTEE	1.00	Director	$0	$0	$0
AMITHA RAMAN	TRUSTEE	1.00	Director	$0	$0	$0
JUDSON P REIS	TRUSTEE	1.00	Director	$0	$0	$0
ALAN WANZENBERG	TRUSTEE	1.00	Director	$0	$0	$0
KATHERINE S SONNENBORN	CO-DIRECTOR	40.00	Officer	$213,752	$7,032	$220,784
RUTH ESTEVEZ AS OF FEB 2024	CO-DIRECTOR	40.00	Officer	$136,354	$19,974	$156,328
SARAH F WORKNEH TO JAN 2024	CO-DIRECTOR	40.00	Officer	$16,468	$1,769	$18,237

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	$5,400,296	$3,999,379	$44,834,975	$1,400,917
2023	$2,214,790	$4,130,268	$40,623,308	$-1,915,478
2022	$9,416,151	$3,852,099	$37,441,974	$5,564,052
2021	$5,437,614	$2,841,782	$36,819,916	$2,595,832
2020	$5,438,132	$2,362,395	$31,203,612	$3,075,737
2019	$6,837,098	$3,057,869	$25,764,096	$3,779,229
2018	$3,652,458	$2,705,198	$21,635,057	$947,260

SKOWHEGAN SCHOOL OF PAINTING AND SCULPTURE INC