QUINCY ART ASSOCIATION (EIN 042692199) - 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

1979

Legal Domicile

Principal Officer

KELLY COBLE

Phone

6177702482

Tax Period

2018-07-01 to 2019-06-30

QUINCY ART ASSOCIATION, founded in 1979, is a micro nonprofit that reported $24K in total revenue in fiscal year 2018. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $39K exceeded revenue, resulting in a 62% operating deficit.

Mission

THE PURPOSE OF THE ORGANIZATION SHALL BE TO PROMOTE THE APPRECIATION OF THE ARTS IN THE COMMUNIY BY THE FOLLOWING MEANS: 1) ART EDUCATION 2) SCHOLARSHIPS OF ARTISTIC ENDEAVERS FOR ALL AGES 3) SPONSOR OF QUINCY STUDENT ART SCHOLARSHIPS

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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 (2018)

Revenue Breakdown

Contributions & Grants $5,433

Program Service Revenue $19,900

Investment Income $0

Other Revenue $-1,067

TOTAL REVENUE $24,266

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,694

Fundraising Expenses $0

Program Expenses $7,632

Other Expenses $23,556

TOTAL EXPENSES $39,250

Year-over-Year Comparison

	2018	2017	Change
Revenue	$24,266	$45,384	-0.5%
Expenses	$39,250	$26,716	+0.5%
Net Income	$-14,984	$18,668	-1.8%

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

N/A

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

$3,173

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONY ANDRADE	DIRECTOR	1.00	Director	$0	$0	$0
KELLY COBBLE	PRESIDENT	1.00	Officer	$738	$0	$738
VIRGINIA MURRAY	TREASURER	1.00	Officer	$2,435	$0	$2,435
LINDA KREITMAN	SECRETARY	1.00	Officer	$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
2019	$24,266	$39,250	$31,145	$-14,984

QUINCY ART ASSOCIATION