THE MARBLEHEAD ARTS ASSOCIATION INC (EIN 042078801) - 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

1927

Legal Domicile

Principal Officer

AMY GOLDFARB

Phone

7816312608

Tax Period

2023-06-01 to 2024-05-31

THE MARBLEHEAD ARTS ASSOCIATION INC, founded in 1927, is a small nonprofit in the Arts, Culture & Humanities sector that reported $236K in total revenue in fiscal year 2023. Expenses of $227K left a modest 4% surplus.

Mission

TO PROMOTE APPRECIATION OF THE FINE AND APPLIED ARTS

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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 $157,781

Program Service Revenue $3,596

Investment Income $10,812

Other Revenue $64,034

TOTAL REVENUE $236,223

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,560

Fundraising Expenses $18,477

Program Expenses $137,487

Other Expenses $105,023

TOTAL EXPENSES $226,583

Year-over-Year Comparison

	2023	2022	Change
Revenue	$236,223	$240,971	0.0%
Expenses	$226,583	$210,144	+0.1%
Net Income	$9,640	$30,827	-0.7%

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

$51,670

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES MURPHY	PRESIDENT	10.00	Officer Director	$0	$0	$0
AMY GOLDFARB	TREASURER	10.00	Officer Director	$0	$0	$0
DBRUCE GREENWALD	DIRECTOR, HOUSE COMMITTEE	10.00	Director	$0	$0	$0
LARRY DUNN	DIRECTOR, ART COMMITTEE	6.00	Director	$0	$0	$0
XHAZZIE KINDLE	DIRECTOR OF OPERATIONS	30.00	Director	$51,670	$0	$51,670
ALESSANDRA DONOVAN	MEMBERSHIP, COMMUNITY LIASON	8.00	Officer	$0	$0	$0
JAY WORTHEN	CLERK/SECRETARTY	5.00	Officer	$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	$236,223	$226,583	$1,022,948	$9,640
2023	$240,971	$210,144	$1,007,406	$30,827
2022	$373,783	$228,240	$972,700	$145,543
2022	$373,783	$228,240	$972,700	$145,543
2021	$479,752	$157,139	$833,628	$322,613
2020	$166,879	$181,038	$497,001	$-14,159
2019	$215,434	$213,014	$496,456	$2,420

THE MARBLEHEAD ARTS ASSOCIATION INC