PROVINCETOWN ART ASSOCIATION AND MUSEUM INC (EIN 042210747) - 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

1921

Legal Domicile

Principal Officer

SHARON FAY

Phone

5084871750

Tax Period

2024-01-01 to 2024-12-31

PROVINCETOWN ART ASSOCIATION AND MUSEUM INC, founded in 1921, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.7M in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.5M, a strong 54% operating margin.

Mission

MAINTAIN & EXHIBIT PERMANENT ART COLLECTION, SCHOOL, GALLERY AND SPECIAL EXHIBITS INVOLVING VISUAL 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 (2024)

Revenue Breakdown

Contributions & Grants $3,731,768

Program Service Revenue $172,824

Investment Income $253,310

Other Revenue $493,568

TOTAL REVENUE $4,651,470

Expense Breakdown

Grants Paid $17,500

Salaries & Benefits $1,106,779

Fundraising Expenses $291,404

Program Expenses $1,366,216

Other Expenses $1,028,077

TOTAL EXPENSES $2,152,356

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,651,470	$2,668,707	+0.7%
Expenses	$2,152,356	$1,915,281	+0.1%
Net Income	$2,499,114	$753,426	+2.3%

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

225

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
LISE MOTHERWELL	PRESIDENT	5.00	Officer Director	$0	$0	$0
CHERYL KATZ	DIRECTOR	1.00	Director	$0	$0	$0
ANNEMETTE CLIGGOT-PERLT	DIRECTOR	1.00	Director	$0	$0	$0
GRACE HOPKINS	DIRECTOR	1.00	Director	$0	$0	$0
DOUG DOLEZAL	CLERK	5.00	Officer Director	$0	$0	$0
CAROL WARSHAWSKY	DIRECTOR	1.00	Director	$0	$0	$0
LENNIE ALICKMAN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN SCHNEIDER	DIRECTOR	1.00	Director	$0	$0	$0
SHARON FAY	TREASURER	5.00	Officer Director	$0	$0	$0
JOE FIORELLO	DIRECTOR	1.00	Director	$0	$0	$0
RUSSEL GAUDREAU	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER BLUME	DIRECTOR	1.00	Director	$0	$0	$0
DAWN MCCALL	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM RAWN	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN O'SHEA	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
DAVID DATZ	DIRECTOR	1.00	Director	$0	$0	$0
STEWART CLIFFORD	DIRECTOR	1.00	Director	$0	$0	$0
JAMES BAKKER	DIRECTOR	1.00	Director	$0	$0	$0
LORI BOOKSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
BREON DUNIGAN	DIRECTOR	1.00	Director	$0	$0	$0
JUDY KATZ	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
TREVOR MIKULA	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE MCCARTHY	CEO	60.00	Highest	$214,425	$7,576	$222,001

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	$4,651,470	$2,152,356	$18,709,281	$2,499,114
2023	$2,668,707	$1,915,281	$18,216,633	$753,426
2022	$4,230,764	$1,847,917	$17,461,599	$2,382,847
2021	$3,732,108	$1,539,783	$15,877,090	$2,192,325
2020	$1,602,108	$1,540,674	$13,456,727	$61,434
2019	$1,910,934	$1,719,244	$12,973,548	$191,690

PROVINCETOWN ART ASSOCIATION AND MUSEUM INC