BELFAST, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WATERFALL ARTS, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $585K in total revenue in fiscal year 2024. Expenses of $693K exceeded revenue, resulting in a 19% operating deficit.
PROVIDING ACCESS TO THE ARTS, DESIGN AND CREATIVE COLLABORATION FOR ALL AGES AND ABILITIES THROUGHOUT THE BELFAST AND MONTVILLECOMMUNITIES IN WALDO COUNTY, MAINE.
INSTRUCTION OFFERINGS IN CLAY, PRINT, PHOTOGRAPHY, AND PAINTING HAVE INCREASED AND CONTINUE TO EVOLVE.
A LOCAL GLASSBLOWING ARTISAN DONATED THE CONTENTS OF HIS STUDIO TO THE ORGANIZATION AND WORKED WITH US TO CONSTRUCT THE ONLY FULL-TIME, COMMUNITY-BASED, PUBLIC-ACCESS GLASSBLOWING FACILITY OF ITS...
A LOCAL GLASSBLOWING ARTISAN DONATED THE CONTENTS OF HIS STUDIO TO THE ORGANIZATION AND WORKED WITH US TO CONSTRUCT THE ONLY FULL-TIME, COMMUNITY-BASED, PUBLIC-ACCESS GLASSBLOWING FACILITY OF ITS KIND IN MAINE. WE HAVE PARTNERED WITH LOCAL SCHOOLS TO OFFER CURRICULUM IN THE STUDIO AND HAVE BROUGHT A UNIQUE OFFERING THE THE AREA. WITH OUR PAY-WHAT-YOU-CAN MODEL, THOSE THAT MAY NOT BE ABLE TO AFFORD THE CLASSES ARE NOW ABLE TO.
THE KIDS AND FAMILY PROGRAM CONTINUES TO GROW AND OFFER ADDITIONAL PROGRAMS/CAMPS TO THE COMMUNITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $584,659 | N/A | N/A |
| Expenses | $693,040 | $29,328 | +22.6% |
| Net Income | $-108,381 | $-29,328 | +2.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| GIANNE CONARD | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| SCOTT KELLEY | VICE PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| LISA COHN | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DAVID COHN | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JODY HENDERSON | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOANNA OWEN | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MIKE BIRD | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ANDREW HERMANN | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DAVID HUPPER | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ELI KAO | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DAVID LEACH | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| KEN SCHWEIKERT | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JOHN STEED | PRESIDENT | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| TYRONE TOWNSEND | MEMBER | 2.00 |
Officer
|
$0 | $0 | $0 |
| KIM FLEMING | EXECUTIVE DIRECTOR | 50.00 |
Key Emp
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $584,659 | $693,040 | $1,465,367 | $-108,381 |
| 2023 | $611,289 | $635,892 | $1,863,067 | $-24,603 |
| 2022 | $853,420 | $585,341 | $1,935,703 | $268,079 |
| 2021 | $827,974 | $564,322 | $1,786,226 | $263,652 |
| 2020 | $663,956 | $502,907 | $1,148,541 | $161,049 |
| 2019 | $690,156 | $510,142 | $789,165 | $180,014 |
| 2018 | $589,517 | $474,333 | $720,971 | $115,184 |
Compare WATERFALL ARTS with other nonprofits in Maine and across the country.