ROCKPORT ART ASSOCIATION (EIN 042266535) - 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

1928

Legal Domicile

Principal Officer

DR PHILIP A GARTON

Phone

9785466604

Tax Period

2023-01-01 to 2023-12-31

ROCKPORT ART ASSOCIATION, founded in 1928, is a small nonprofit in the Arts, Culture & Humanities sector that reported $692K in total revenue in fiscal year 2023. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $146K, a strong 21% operating margin.

Mission

ADVANCEMENT AND PRESERVATION OF THE FINE ARTS THROUGH EXHIBITIONS, LECTURES, DEMONSTRATIONS AND EDUCATIONAL AND CULTURAL PROGRAMMING.

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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 $392,828

Program Service Revenue $38,836

Investment Income $23,662

Other Revenue $236,450

TOTAL REVENUE $691,776

Expense Breakdown

Grants Paid $0

Salaries & Benefits $277,181

Fundraising Expenses $67,590

Program Expenses $362,315

Other Expenses $268,957

TOTAL EXPENSES $546,138

Year-over-Year Comparison

	2023	2022	Change
Revenue	$691,776	$417,374	+0.7%
Expenses	$546,138	$422,737	+0.3%
Net Income	$145,638	$-5,363	-28.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN TERMYNE	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
DR PHILIP A GARTON	TREASURER	4.00	Officer Director	$0	$0	$0
MICHAEL DORSEY	BOARD OF GOVERNORS	0.00	Director	$0	$0	$0
MICHAEL MARCH	BOARD OF GOVERNORS	0.00	Director	$0	$0	$0
KENNETH KNOWLES	BOARD OF GOVERNORS	0.00	Director	$0	$0	$0
SUSAN LYNN	BOARD OF GOVERNORS	0.00	Director	$0	$0	$0
DONALD DEMERS	BOARD OF GOVERNORS	0.00	Director	$0	$0	$0
STEPHEN DELANEY	BOARD OF GOVERNORS	0.00	Director	$0	$0	$0
SARAH TETRAULT	DIRECTOR	0.00	Director	$0	$0	$0
STAPLETON KEARNS	DIRECTOR	0.00	Director	$0	$0	$0
HARLEY BARTLETT	PRESIDENT	4.00	Officer Director	$0	$0	$0
TODD MONTANARO	BOARD OF GOVERNORS	0.00	Director	$0	$0	$0
JACK BOUDREAU	BOARD OF GOVERNORS	0.00	Director	$0	$0	$0
RAE O'SHEA	BOARD OF GOVERNORS	0.00	Director	$0	$0	$0
JACQUELINE JONES	BOARD OF GOVERNORS	0.00	Director	$0	$0	$0
ROASLIE SIDOTI	CLERK	1.00	Director	$0	$0	$0
DAVID STONE	DIRECTOR	0.00	Director	$0	$0	$0
DANIEL ROSS	BOARD OF GOVERNORS	0.00	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	No data	No data	No data	No data
2023	$691,776	$546,138	$1,285,513	$145,638
2022	$417,374	$422,737	$1,097,233	$-5,363
2021	$401,683	$334,668	$1,228,288	$67,015
2020	$345,534	$321,571	$1,086,896	$23,963
2019	$400,886	$351,256	$1,066,662	$49,630
2018	$332,067	$314,489	$1,003,595	$17,578

ROCKPORT ART ASSOCIATION