CIRCUIT ARTS INC

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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

2004

Legal Domicile

Principal Officer

JEFFREY KUSAMA-HINTE

Phone

5085602134

Tax Period

2024-01-01 to 2024-12-31

CIRCUIT ARTS INC, founded in 2004, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year.

Mission

TO PRODUCE COMMUNITY EVENTS, EDUCATIONAL PROGRAMS, AND FILMS THAT SPARK DISCUSSION, DEBATE AND ACTION.

Program Service Accomplishments

Program 1

Expenses: $982,810 Revenue: $405,757

CIRCUIT ARTS, INC. IS AN ORGANIZATION DEVOTED TO COMMUNITY BUILDING AND STORYTELLING THROUGH THE PRODUCTION OF CULTURAL EVENTS, FILM SCREENINGS, VIDEO PRODUCTION AND EDUCATIONAL PROGRAMMING. THESE...

CIRCUIT ARTS, INC. IS AN ORGANIZATION DEVOTED TO COMMUNITY BUILDING AND STORYTELLING THROUGH THE PRODUCTION OF CULTURAL EVENTS, FILM SCREENINGS, VIDEO PRODUCTION AND EDUCATIONAL PROGRAMMING. THESE EVENTS AND SERVICES INCLUDED THE FOLLOWING DURING 2024: 1)THE 24TH ANNUAL MARTHA'S VINEYARD FILM FESTIVAL SHOWCASING 21 FILMS DURING THE EVENT RUNNING MARCH 20-24, 2024.2)OUR THEATER AT THE GRANGE HALL HOSTING FILM SCREENINGS AND OTHER CULTURAL EVENTS THROUGHOUT THE YEAR 3)THE VINEYARD'S DRIVE IN AT THE YMCA HOSTING 21 SEPARATE SCREENINGS 4)MARTHA'S VINEYARD CHILDREN'S THEATER CAMP 5)CIRCUIT FILMS - A FULL-SERVICE VIDEO PRODUCTION COMPANY 6)CIRCUIT STAGE - PROVIDING VISITING AND LOCAL ARTISTS A PLATFORM TO SHOWCASE THEIR WORK.

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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 $735,862

Program Service Revenue $405,757

Investment Income $1,253

Other Revenue $0

TOTAL REVENUE $1,142,872

Expense Breakdown

Grants Paid $0

Salaries & Benefits $878,452

Fundraising Expenses $33,334

Program Expenses $982,810

Other Expenses $335,883

TOTAL EXPENSES $1,214,335

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,142,872	$1,388,856	-0.2%
Expenses	$1,214,335	$1,426,752	-0.1%
Net Income	$-71,463	$-37,896	+0.9%

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
MARK CRONIN	BOARD MEMBER	2.00	Director	$0	$0	$0
GERALYN DREYFOUS	BOARD MEMBER	2.00	Director	$0	$0	$0
ANNE EVASICK	BOARD MEMBER / CLERK	4.00	Officer Director	$0	$0	$0
PATRICIA FAVREAU	BOARD MEMBER / VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CHERYL FINLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
SUSAN HOWELL	BOARD MEMBER	2.00	Director	$0	$0	$0
JEFFREY KUSAMA-HINTE	BOARD MEMBER / TREASURER	2.00	Officer Director	$0	$0	$0
JASMINE MCGLADE	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL SHALETT	BOARD MEMBER	2.00	Director	$0	$0	$0
JIM WARNER	BOARD MEMBER / PRESIDENT	2.00	Officer Director	$0	$0	$0
BRIAN DITCHFIELD	EXECUTIVE DIRECTOR	40.00	Highest	$110,000	$4,960	$114,960

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	$1,142,872	$1,214,335	$288,095	$-71,463
2023	$1,388,856	$1,426,752	$297,142	$-37,896
2022	$1,146,797	$1,100,277	$346,720	$46,520
2021	$798,795	$870,405	$282,365	$-71,610
2020	$946,570	$872,710	$418,863	$73,860
2019	$950,352	$906,199	$311,641	$44,153
2018	$714,578	$744,699	$267,890	$-30,121