CHAMPLAIN ISLANDS CELEBRATION OF THE ARTS INC

EIN: 030313918 501(c)(3)

NORTH HERO, VT

Total Revenue
$154,339
Total Expenses
$56,894
Total Assets
$632,066
Net Assets
$622,360
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
VT
Principal Officer
Catherine Wilcox
Phone
8023728889
Tax Period
2023-01-01 to 2023-12-31

CHAMPLAIN ISLANDS CELEBRATION OF THE ARTS INC, founded in 1988, is a small nonprofit that reported $154K in total revenue in fiscal year 2023. Revenue surged 105% from the prior year, signaling strong growth momentum. The organization ran a surplus of $97K, a strong 63% operating margin.

Mission

Island Arts fosters and provides creative, artistic opportunities in Vermont's Grand Isle County through performances, classes, galleries, concerts, and youth programs.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $64,672
Program Service Revenue $85,858
Investment Income $3,809
Other Revenue $0
TOTAL REVENUE $154,339

Expense Breakdown

Grants Paid $14,889
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $52,159
Other Expenses $42,005
TOTAL EXPENSES $56,894

Year-over-Year Comparison

2023 2022 Change
Revenue $154,339 $75,123 +1.1%
Expenses $56,894 $62,199 -0.1%
Net Income $97,445 $12,924 +6.5%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
25

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
0
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUGLAS DISABITO DIRECTOR 0
Director
$0 $0 $0
MARY JANE WIRSING Co-Secretary 2
Director
$0 $0 $0
MARY CENTRELLA DIRECTOR 2
Director
$0 $0 $0
CARMINE CENTRELLA Treasurer 10
Director
$0 $0 $0
CATHERINE WILCOX PRESIDENT 40.00
Director
$0 $0 $0
TONY PIETRICOLA VICE-PRESIDENT 2
Director
$0 $0 $0
ELAINE CLOUTIER Director 2
Director
$0 $0 $0
DANIELLE SIMONEAU Director 6.00
Director
$0 $0 $0
RICHARD MIDDLETON Co-Secretary 1
Director
$0 $0 $0
Natalie Churchill Director 20.00
Director
$0 $0 $0
Judith Steacy Director 20.00
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 No data No data No data No data
2024 No data No data No data No data
2023 $154,339 $56,894 $632,066 $97,445
2022 $75,123 $62,199 $533,569 $12,924
2021 $56,991 $38,911 $518,339 $18,080
2021 $56,991 $38,911 $518,339 $18,080
2020 $22,787 $18,701 $501,879 $4,086
2020 $22,787 $18,701 $507,282 $4,086
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