SOUTH SHORE ART CENTER INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1958

Legal Domicile

Principal Officer

PATRICE M MAYE

Phone

7813832787

Tax Period

2023-09-01 to 2024-08-31

SOUTH SHORE ART CENTER INC, founded in 1958, is a small nonprofit in the Arts, Culture & Humanities sector that reported $654K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $759K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO ENRICH THE COMMUNITIES SOUTH OF BOSTON BY ENGAGING ARTISTS AND BY FOSTERING AN UNDERSTANDING AND APPRECIATION OF THE VISUAL ARTS THROUGH EXHIBITIONS AND EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $500,413 Revenue: $216,079

ART CLASSES/EDUCATION: TRAINING IN TECHNIQUES, COMPOSITIONS, GENERAL ART APPRECIATION, SCULPTURE AND ART CRAFTS.

Program 2

Expenses: $24,712 Revenue: $79,473

ART GALLERY ACTIVITIES: ONGOING EXHIBITS AND SPECIAL EVENTS OPEN TO THE GENERAL PUBLIC.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $296,266

Program Service Revenue $295,552

Investment Income $0

Other Revenue $62,180

TOTAL REVENUE $653,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $450,954

Fundraising Expenses $58,622

Program Expenses $525,125

Other Expenses $308,476

TOTAL EXPENSES $759,430

Year-over-Year Comparison

	2023	2022	Change
Revenue	$653,998	$716,684	-0.1%
Expenses	$759,430	$819,245	-0.1%
Net Income	$-105,432	$-102,561	+0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$129,863

Total Directors

$5,698

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICE M MAYE	EXECUTIVE DI	40.00	Officer	$129,863	$0	$129,863
SANTIAGO HERNANDEZ	DIRECTOR	0.00	Director	$2,788	$0	$2,788
LISA MARDER	DIRECTOR	0.00	Director	$1,620	$0	$1,620
JIM BURKE	DIRECTOR	0.00	Director	$1,290	$0	$1,290
JAMES CANAVAN	DIRECTOR	0.00	Director	$0	$0	$0
CHRISTINE CUNNING	DIRECTOR	0.00	Director	$0	$0	$0
GORDON FALES	DIRECTOR	0.00	Director	$0	$0	$0
JANICE FORGAYS	DIRECTOR	0.00	Director	$0	$0	$0
THOMAS HAMILTON	DIRECTOR	0.00	Director	$0	$0	$0
RICHARD HORN	DIRECTOR	0.00	Director	$0	$0	$0
KALY MOLNAR	DIRECTOR	0.00	Director	$0	$0	$0
FRANK NEER	DIRECTOR	0.00	Director	$0	$0	$0
KELLY NETISHEN	DIRECTOR	0.00	Director	$0	$0	$0
DAVID PETTY	DIRECTOR	0.00	Director	$0	$0	$0
MARK TOSI	DIRECTOR	0.00	Director	$0	$0	$0
TRACY WINDHAM	DIRECTOR	0.00	Director	$0	$0	$0
SEAN CUNNING	PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIN CRONIN SUNDAY	PRESIDENT-EL	1.00	Officer Director	$0	$0	$0
NEELU JOHAR	TREASURER	1.00	Officer Director	$0	$0	$0
DONNA HAIG FRIEDMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTINA RIFKIN	IMMEDIATE PA	1.00	Officer 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
2024	$653,998	$759,430	$883,436	$-105,432
2023	$716,684	$819,245	$949,205	$-102,561
2022	$738,635	$700,882	$1,042,182	$37,753
2021	$562,817	$499,378	$1,147,618	$63,439
2020	$487,041	$556,547	$1,073,371	$-69,506
2019	$696,806	$766,521	$1,023,509	$-69,715
2018	$661,096	$769,539	$1,057,918	$-108,443