CENTER FOR CONTEMPORARY ART

EIN: 010282701 501(c)(3) Arts, Culture & Humanities

ROCKLAND, ME

Total Revenue
$1,023,300
Total Expenses
$1,136,220
Total Assets
$5,111,067
Net Assets
$4,318,760
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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
1968
Legal Domicile
ME
Principal Officer
JON CHODOSH
Phone
2077015005
Tax Period
2024-04-01 to 2025-03-31

CENTER FOR CONTEMPORARY ART, founded in 1968, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE CENTER FOR MAINE CONTEMPORARY ART ADVANCES CONTEMPORARY ART IN MAINE THROUGH EXHIBITIONS AND EDUCATIONAL PROGRAMS

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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 (2024)

Revenue Breakdown

Contributions & Grants $831,064
Program Service Revenue $40,875
Investment Income $7,068
Other Revenue $144,293
TOTAL REVENUE $1,023,300

Expense Breakdown

Grants Paid $0
Salaries & Benefits $463,159
Fundraising Expenses $92,202
Program Expenses $945,634
Other Expenses $673,061
TOTAL EXPENSES $1,136,220

Year-over-Year Comparison

2024 2023 Change
Revenue $1,023,300 $674,181 +0.5%
Expenses $1,136,220 $1,010,179 +0.1%
Net Income $-112,920 $-335,998 -0.7%
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
21
Volunteers
20

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
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES ALTSCHUL TRUSTEE 4.00
Director
$0 $0 $0
HELEN BAUMEISTER TRUSTEE 2.00
Director
$0 $0 $0
ZEL BOWMAN-LABERGE TRUSTEE 2.00
Director
$0 $0 $0
JON CHODOSH CHAIR 8.00
Officer Director
$0 $0 $0
BRAD CHOYT TRUSTEE 4.00
Director
$0 $0 $0
JENNIFER CLARK TRUSTEE 2.00
Director
$0 $0 $0
SUSAN DEUTSCH TRUSTEE 2.00
Director
$0 $0 $0
CAROL EISENBERG TRUSTEE 2.00
Director
$0 $0 $0
RICHARD FRANKLIN TREASURER 4.00
Officer Director
$0 $0 $0
SARAH MUDGE TRUSTEE 2.00
Director
$0 $0 $0
MARTIN PERA TRUSTEE 2.00
Director
$0 $0 $0
PAMELA SCHREIBER TRUSTEE 2.00
Director
$0 $0 $0
CATHERINE STEINER-ADAIR TRUSTEE 2.00
Director
$0 $0 $0
WILLIAM STITES TRUSTEE 2.00
Director
$0 $0 $0
CAROLYN WATSON TRUSTEE 4.00
Director
$0 $0 $0
SUE MICHLOVITZ SECRETARY 4.00
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
2025 $1,023,300 $1,136,220 $5,111,067 $-112,920
2024 $674,181 $1,010,179 $5,166,427 $-335,998
2023 $838,299 $972,353 $5,529,557 $-134,054
2022 $852,628 $769,338 $5,667,263 $83,290
2021 $754,373 $675,598 $5,567,022 $78,775
2020 $1,111,647 $849,379 $5,527,881 $262,268
2019 $918,250 $796,759 $5,545,735 $121,491
2018 $870,946 $687,396 $5,641,068 $183,550
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