SCHOODIC ARTS FOR ALL (EIN 010532230) - 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

1998

Legal Domicile

Principal Officer

JOAN DEMPSEY

Phone

2079632569

Tax Period

2023-01-01 to 2023-12-31

SCHOODIC ARTS FOR ALL is a 501(c)(3) with EIN 010532230, based in WINTER HARBOR, ME. Founded in 1998, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $484,506 in total revenue and $402,321 in total expenses, with net assets of $1,623,850.

Mission

THE MISSION OF SCHOODIC ARTS FOR ALL IS TO BRING ARTISTS AND COMMUNITY MEMBERS TOGETHER TO PROVIDE YEAR-ROUND CULTURAL EVENTS AND ACTIVITIES THAT HOLD VALUE FOR OUR COMMUNITY.

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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 $343,930

Program Service Revenue $47,013

Investment Income $91,522

Other Revenue $2,041

TOTAL REVENUE $484,506

Expense Breakdown

Grants Paid $0

Salaries & Benefits $202,706

Fundraising Expenses $37,819

Program Expenses $269,102

Other Expenses $197,220

TOTAL EXPENSES $402,321

Year-over-Year Comparison

	2023	2022	Change
Revenue	$484,506	$399,851	+0.2%
Expenses	$402,321	$389,804	+0.0%
Net Income	$82,185	$10,047	+7.2%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOAN DEMPSEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
CELESTE MITTELHAUSER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DENNIS O'BRIEN	TREASURER	1.00	Officer Director	$0	$0	$0
CYNTHIA THAYER	DIRECTOR/FOU	1.00	Director	$0	$0	$0
ROBERTA PARRITT	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN ANDREW	DIRECTOR	1.00	Director	$0	$0	$0
CATHY JOHNSON	DIRECTOR	1.00	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	$484,506	$402,321	$1,669,809	$82,185
2022	$399,851	$389,804	$1,526,051	$10,047
2021	$515,946	$412,747	$1,708,579	$103,199
2020	$394,394	$322,911	$1,484,172	$71,483
2019	$608,327	$387,294	$1,304,425	$221,033
2018	$885,908	$343,186	$1,069,466	$542,722

SCHOODIC ARTS FOR ALL