NEW HAMPSHIRE ART ASSOCIATION INC (EIN 026009812) - 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

1940

Legal Domicile

Principal Officer

KEVIN DADOLY

Phone

6034314230

Tax Period

2024-05-01 to 2025-04-30

NEW HAMPSHIRE ART ASSOCIATION INC, founded in 1940, is a small nonprofit that reported $325K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

THE ASSOCIATION IS A PROFESSIONAL STATEWIDE ART ASSOCIATION THAT ADVANCES PUBLIC UNDERSTANDING AND APPRECIATION OF THE VISUAL ARTS AND SERVES TO PROMOTE THE PROFESSION AND CULTIVATE CREATIVITY, COMMUNITY AND CULTURE THROUGH EDUCATION, EVENTS, AND EXHIBITIONS.

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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 $140,595

Program Service Revenue $159,996

Investment Income $4,281

Other Revenue $20,340

TOTAL REVENUE $325,212

Expense Breakdown

Grants Paid $0

Salaries & Benefits $141,193

Fundraising Expenses $46,155

Program Expenses $217,883

Other Expenses $191,115

TOTAL EXPENSES $332,308

Year-over-Year Comparison

	2024	2023	Change
Revenue	$325,212	$345,358	-0.1%
Expenses	$332,308	$296,189	+0.1%
Net Income	$-7,096	$49,169	-1.1%

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
KEVIN DADOLY	PRRESIDENT	40.00	Director	$0	$0	$0
LINDA MCLEAR	VICE PRESIDENT	30.00	Director	$0	$0	$0
BARRY TARR	SECRETARY	1.00	Director	$0	$0	$0
KENNETH COHEN	TREASURER	25.00	Director	$0	$0	$0
MIKE GAUTHIER	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD HAYNES	DIRECTOR	2.00	Director	$0	$0	$0
TRICIA MURRAY	DIRECTOR	2.00	Director	$0	$0	$0
CLAUDIA RIPPEE	DIRECTOR	2.00	Director	$0	$0	$0
ANITA ROZEFF	DIRECTOR	2.00	Director	$0	$0	$0
GARY SAMSON	DIRECTOR	2.00	Director	$0	$0	$0
THERESA MACDOWELL	DIRECTOR	2.00	Director	$0	$0	$0
CHERI DELORGE	DIRECTOR	2.00	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
2025	$325,212	$332,308	$397,833	$-7,096
2024	$345,358	$296,189	$366,349	$49,169
2023	$298,852	$275,252	$342,490	$23,600
2022	$214,348	$229,709	$334,673	$-15,361
2021	$230,637	$207,015	$355,109	$23,622
2020	$184,727	$225,567	$298,729	$-40,840
2019	$242,508	$229,853	$338,099	$12,655

NEW HAMPSHIRE ART ASSOCIATION INC