MARTHA'S VINEYARD ART ASSOCIATION

EIN: 042199875 501(c)(3) Arts, Culture & Humanities

EDGARTOWN, MA

Total Revenue
$225,167
Total Expenses
$230,248
Total Assets
$929,738
Net Assets
$929,581
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
MA
Principal Officer
MEG MERCIER
Phone
5086274881
Tax Period
2023-01-01 to 2023-12-31

MARTHA'S VINEYARD ART ASSOCIATION, founded in 1954, is a small nonprofit in the Arts, Culture & Humanities sector that reported $225K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Net assets of $930K represent 50 months of operating reserves.

Mission

THE PRIMARY EXEMPT PURPOSE OF THE MARTHA'S VINEYARD ART ASSOCIATION IS TO PROMOTE AND SUPPORT AN ART SCHOOL, MUSEUM, GALLERY AND PUBLIC EDUCATION PROGRAMS TO PROMOTE ART APPRECIATION.

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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 $23,305
Program Service Revenue $207,896
Investment Income $18,763
Other Revenue $-24,797
TOTAL REVENUE $225,167

Expense Breakdown

Grants Paid $0
Salaries & Benefits $57,291
Fundraising Expenses $9,236
Program Expenses $218,743
Other Expenses $172,957
TOTAL EXPENSES $230,248

Year-over-Year Comparison

2023 2022 Change
Revenue $225,167 $307,064 -0.3%
Expenses $230,248 $261,015 -0.1%
Net Income $-5,081 $46,049 -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

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Governance

Voting Members
15
Independent Members
15
Employees
10
Volunteers
N/A

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
4
$0
Total Directors
11
$15,335
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELINDA FAGER CO-PRESIDENT N/A
Officer
$0 $0 $0
MEG MERCIER CO-PRESIDENT N/A
Officer
$0 $0 $0
SISSY CARGILL BIGGERS VICE PRESIDE N/A
Officer
$0 $0 $0
IRV SCHOPPE TREASURER N/A
Officer
$0 $0 $0
SUSAN GLOVER DIRECTOR N/A
Director
$0 $0 $0
DAVID JOSEPH DIRECTOR N/A
Director
$0 $0 $0
STEVE LONDON DIRECTOR N/A
Director
$0 $0 $0
JUDITH HOWELLS DIRECTOR N/A
Director
$0 $0 $0
LARRY GLICK DIRECTOR N/A
Director
$0 $0 $0
ROSALIE RIPALDI SHANE DIRECTOR N/A
Director
$0 $0 $0
JUNE SCHOPPE DIRECTOR N/A
Director
$0 $0 $0
JON COHAN DIRECTOR N/A
Director
$0 $0 $0
LYNN HOEFT DIRECTOR N/A
Director
$0 $0 $0
JOANN FRECHETTE DIRECTOR N/A
Director
$0 $0 $0
SHARON MCANN DALY GALLERY DIRE N/A
Director
$15,335 $0 $15,335
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 No data No data No data No data
2023 $225,167 $230,248 $929,738 $-5,081
2022 $307,064 $261,015 $840,116 $46,049
2021 $330,882 $243,007 $934,437 $87,875
2020 $174,219 $157,541 $815,430 $16,678
2019 $263,282 $198,465 $773,258 $64,817
2018 $155,774 $183,874 $632,735 $-28,100
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