SCHOOLHOUSE ARTS CENTER (EIN 010453418) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

GREG POMEROY

Phone

2076423743

Tax Period

2023-01-01 to 2023-12-31

SCHOOLHOUSE ARTS CENTER is a 501(c)(3) with EIN 010453418, based in STANDISH, ME. Founded in 1988, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $232,403 in total revenue and $227,553 in total expenses, with net assets of $21,183.

Mission

SCHOOLHOUSE ARTS CENTER IS A NON-PROFIT ORGANIZATION DEDICATED TO BRINGING THE COMMUNITY A FUN, CREATIVE, EDUCATIONAL, AND SUPPORTIVE ARTS ENVIRONMENT WHERE PEOPLE CAN GROW, DEVELOP SKILLS, AND BE INVOLVED IN THE ARTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $40,851

Program Service Revenue $191,066

Investment Income $0

Other Revenue $486

TOTAL REVENUE $232,403

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,632

Fundraising Expenses $0

Program Expenses $227,553

Other Expenses $165,921

TOTAL EXPENSES $227,553

Year-over-Year Comparison

	2023	2022	Change
Revenue	$232,403	$240,701	0.0%
Expenses	$227,553	$236,800	0.0%
Net Income	$4,850	$3,901	+0.2%

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

$2,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
APRIL MONTE	MEMBER	1.00	Director	$2,000	$0	$2,000
GENE BULLS	MEMBER	1.00	Director	$0	$0	$0
JEFF CHRISTO	MEMBER	1.00	Director	$0	$0	$0
DIANE HANCOCK	MEMBER	1.00	Director	$0	$0	$0
HEATHER PLATI	MEMBER	1.00	Director	$0	$0	$0
GREG POMEROY	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS ROBERTS	SECRETARY	1.00	Officer Director	$0	$0	$0
MOLLY WRIGHT	TREASURER	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$232,403	$227,553	$46,458	$4,850
2022	$240,701	$236,800	$43,645	$3,901

SCHOOLHOUSE ARTS CENTER