CHAMPLAIN ISLANDS CELEBRATION OF T… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

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 provides creative artistic opportunities and performances for visitors and residents of the Champlain Islands through community outreach, classes, galleries and concerts in the iconic red barn. Community support ranging from student scholarships to artistic performances providing unique artistic cultural opportunities not found elsewhere in the islands.

Program Service Accomplishments

Program 1

Expenses: $15,660 Revenue: $15,765

THROUGH OUR ISLAND ARTS ACADEMY we sponsor SCHOLARSHIPS for all Grand Isle County residents. Rental of musical instruments for all our Grand Isle County Elementary School Age Children. THE YEARLY...

THROUGH OUR ISLAND ARTS ACADEMY we sponsor SCHOLARSHIPS for all Grand Isle County residents. Rental of musical instruments for all our Grand Isle County Elementary School Age Children. THE YEARLY GRAND ISLE COUNTY MUSIC FESTIVAL- hiring 3 music maestros working in schools. THE COUNTY SYLVIA BARRY ART CONTEST FOR YOUTH. In partnership with FULL CIRCLE THEATER COLLABORATIVE, 2 weeks of rehearsal of youth theater. WEEKLY TAI CHI/QIGONG, FOLK DANCING, YOGA AND MEDITATION CLASSES. We offered classes in BIRDING, MUSIC writing, ALEXANDER TECHNIQUE and CARD MAKING. Our county towns support our programs through appropriations. For more information please visit www.islandarts.org

Program 2

Expenses: $36,499 Revenue: $70,093

EVENTS AND FUNDRAISERS PRESENTED BY ISLAND ARTS IN 2023 with many scholarships awarded to our Grand Isle County, Vermont Residents. FOUR YOUTH PERFORMANCES of "James & the Giant Peach" to the delight of all. THREE CLASSICAL MUSIC CONCERTS on a grand piano! PUBLIC PERFORMANCES such as: A Cappella Lollapalooza, Citizens Concert Band, the Green Mountain Brass Band, Mango Jam Vermont, the Bluegrass Junctions, the VT Jazz Ensemble, the Dixie Six and great Barn Dancing Event with the Bella Voca Band! WITH THE ASTRONOMICAL SOCIETY A SPONTANEOUS EVENING UNDER THE STARS in Alburgh at the Orchard Hill Observatory. A free Family Event. FOR FUNDRAISERS WE offered several successful BOOK SALES and conducted a SILENT. For more information please visit www.islandarts.org

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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 $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

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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

N/A

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
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

CHAMPLAIN ISLANDS CELEBRATION OF THE ARTS INC