NEWBURYPORT, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SOCIETY FOR THE DEVELOPMENT OF ARTS, founded in 1978, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $1.8M exceeded revenue, resulting in a 17% operating deficit.
THE SOCIETY FOR THE DEVELOPMENT OF THE ARTS & HUMANITIES OF GREATER NEWBURYPORT, INC. D/B/A THE FIREHOUSE CENTER FOR THE ARTS WAS FORMED IN 1978 TO INCREASE CULTURAL AWARENESS OF THE ARTS TO THE CITIZENS OF THE COMMUNITY AND THE SURROUNDING MERRIMACK VALLEY. THE ORGANIZATION MANAGES THE FIREHOUSE CENTER IN NEWBURYPORT, WHICH IS A CENTER FOR THE PERFORMING ARTS AND SERVES AS A VENUE FOR LOCAL, REGIONAL AND NATIONAL ARTISTS AND THEATRICAL GROUPS. THE ORGANIZATION'S REVENUE FOR PROGRAM SERVICES IS GENERATED PRIMARILY FROM TICKET SALES OF PERFORMANCES. THE ORGANIZATION RECEIVES PUBLIC SUPPORT PRIMARILY THROUGH MEMBERSHIP FEES, GRANTS AND CORPORATE DONATIONS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,546,778 | $1,037,619 | +0.5% |
| Expenses | $1,807,565 | $1,649,382 | +0.1% |
| Net Income | $-260,787 | $-611,763 | -0.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| TOM HOPP | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $0 |
| KRISTEN JACKMAN | CLERK | 10.00 |
Director
|
$0 | $0 | $0 |
| MICHELLE MIAKOS | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $0 |
| SHAUNA PIENIAZEK | VICE PRESIDE | 15.00 |
Director
|
$0 | $0 | $0 |
| LYDIA POLLARD | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $0 |
| MAUREEN POMEROY | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $0 |
| KEVIN STROMSKI | DIRECTOR | 4.00 |
Director
|
$0 | $0 | $0 |
| NANCY CASWELL | TREASURER | 15.00 |
Officer
|
$0 | $0 | $0 |
| LISA WETENKAMP | PRESIDENT | 15.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,546,778 | $1,807,565 | $1,644,934 | $-260,787 |
| 2022 | $1,037,619 | $1,649,382 | $1,905,522 | $-611,763 |
| 2021 | $1,817,661 | $983,212 | $2,428,495 | $834,449 |
| 2020 | $888,815 | $843,019 | $1,591,523 | $45,796 |
| 2019 | $1,338,457 | $1,444,970 | $1,589,687 | $-106,513 |
| 2018 | $1,445,686 | $1,471,444 | $1,653,241 | $-25,758 |
Compare SOCIETY FOR THE DEVELOPMENT OF ARTS with other nonprofits in Massachusetts and across the country.