SCHOODIC ARTS FOR ALL

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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

1998

Legal Domicile

Principal Officer

JOAN DEMPSEY

Phone

2079632569

Tax Period

2023-01-01 to 2023-12-31

SCHOODIC ARTS FOR ALL, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $485K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $82K, a strong 17% operating margin.

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.

Program Service Accomplishments

Program 1

Expenses: $269,102 Revenue: $47,013

SCHOODIC ARTS FOR ALL WILL NURTURE A VITAL ARTS CENTER OFFERING DIVERSE PROGRAMS AND ACTIVITIES THAT INSPIRE A WIDE RANGE OF ENTHUSIASTIC PARTICIPANTS. WE WILL CONTINUE TO BE A CREATIVE AND ECONOMIC MAGNET, DRAWING PEOPLE TO LIVE, WORK, AND VISIT DOWNEAST MAINE. MULTI-GENERATIONAL INVOLVEMENT IN SCHOODIC ARTS FOR ALL WILL DEVELOP LEADERS OF THE FUTURE WHO CARRY FORWARD THE ORIGINAL DREAM OF HONORING AND SUSTAINING THE VIBRANT COMMUNITIES OF THE SCHOODIC PENINSULA. GOALS A. ENCOURAGE PARTICIPANTS OF ALL AGES TO EXPRESS THEMSELVES CREATIVELY AND GAIN A LIFELONG APPRECIATION FOR THE ARTS AND CREATIVE SPIRIT. B. CELEBRATE CREATIVITY THROUGH A WIDE RANGE OF WORKSHOPS, EVENTS AND PERFORMANCES. C. SERVE AS A COMMUNITY ANCHOR BY MAINTAINING AND OPERATING FACILITIES FOR PUBLIC BENEFIT. D. GAIN BROAD RECOGNITION, RESPONSE AND SUPPORT FOR SAFAS INCLUSIVE YEAR- AROUND PROGRAMMING. E. SUSTAIN A STRONG SCHOODIC ARTS FOR ALL.

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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 (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