EASTPORT ARTS CENTER (EIN 010436739) - 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

1990

Legal Domicile

Principal Officer

CATHY ADELMAN

Phone

2078534650

Tax Period

2024-01-01 to 2024-12-31

EASTPORT ARTS CENTER, founded in 1990, is a small nonprofit that reported $295K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $270K left a modest 9% surplus.

Mission

TO STIMULATE AND NURTURE AN APPRECIATION OF THE VISUAL AND PERFORMING ARTS AND THE CREATIVE PROCESS, AND TO PROVIDE A HOME AND AN ENVIRONMENT WITHIN THE COMMUNITY WHERE THEY CAN PROSPER.

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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 $230,407

Program Service Revenue $63,610

Investment Income $0

Other Revenue $1,411

TOTAL REVENUE $295,428

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,057

Fundraising Expenses $5,882

Program Expenses $143,978

Other Expenses $186,489

TOTAL EXPENSES $269,546

Year-over-Year Comparison

	2024	2023	Change
Revenue	$295,428	$429,224	-0.3%
Expenses	$269,546	$291,108	-0.1%
Net Income	$25,882	$138,116	-0.8%

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

N/A

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
CATHY ADELMAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
GREGORY BISS	DIRECTOR	1.00	Director	$0	$0	$0
MARGED HIGGINSON	SECRETARY	2.00	Officer Director	$0	$0	$0
PAULA HORVATH	DIRECTOR	1.00	Director	$0	$0	$0
MELINDA JAQUES	DIRECTOR	1.00	Director	$0	$0	$0
JUDITH KEMPE	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE LEE	DIRECTOR	1.00	Director	$0	$0	$0
ERIC MESSIN	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES MOORE	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN SCHUTH	DIRECTOR	1.00	Director	$0	$0	$0
DAMON WESTON	TREASURER	2.00	Officer Director	$0	$0	$0
CYNTHIA MORSE	SECRETARY	2.00	Officer	$0	$0	$0
BARBARA SMITH	EMERITA MEMB	N/A	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	$295,428	$269,546	$791,623	$25,882
2023	$429,224	$291,108	$766,475	$138,116
2022	$213,248	$245,345	$624,947	$-32,097
2021	$273,200	$223,102	$664,196	$50,098
2020	$269,332	$150,913	$616,344	$118,419
2019	$201,461	$178,830	$497,348	$22,631
2018	$162,906	$196,480	$485,973	$-33,574

EASTPORT ARTS CENTER