FEATHERSTONE CENTER FOR THE ARTS INC (EIN 042725296) - 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

1980

Legal Domicile

Principal Officer

ANN SMITH

Phone

5086931850

Tax Period

2024-01-01 to 2024-12-31

FEATHERSTONE CENTER FOR THE ARTS INC, founded in 1980, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Net assets of $5.8M represent 65 months of operating reserves.

Mission

A COMMUNITY ARTS CENTER ON MARTHA'S VINEYARD, WHICH PROVIDES EXCELLENT YEAR-ROUND ARTS PROGRAMS FOR RESIDENTS OF MARTHA'S VINEYARD AND VISITORS OF ALL AGES.

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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 $238,043

Program Service Revenue $454,525

Investment Income $119,092

Other Revenue $257,873

TOTAL REVENUE $1,069,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $520,360

Fundraising Expenses $85,784

Program Expenses $852,285

Other Expenses $587,224

TOTAL EXPENSES $1,107,584

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,069,533	$2,036,059	-0.5%
Expenses	$1,107,584	$1,184,275	-0.1%
Net Income	$-38,051	$851,784	-1.0%

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

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

$152,885

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA EGERTON	DIRECTOR	2.00	Director	$0	$0	$0
BOB AVAKIAN	FORMER DIRECTOR	2.00	Director	$0	$0	$0
LARISSA BERNAT	DIRECTOR	2.00	Director	$0	$0	$0
NANCY CORVESE	DIRECTOR	2.00	Director	$0	$0	$0
NINA HOWELL	FORMER DIRECTOR	2.00	Director	$0	$0	$0
PAUL MAHONEY	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINA BERTSCH	DIRECTOR	2.00	Director	$0	$0	$0
SHELLEY CHRISTIANSEN	FORMER DIRECTOR	2.00	Director	$0	$0	$0
CHARLIE WITTENBERG	FORMER TREASURER	2.00	Officer Director	$0	$0	$0
ELLEN PESCH	SECRETARY	2.00	Officer Director	$0	$0	$0
LISA BROWN LANGLEY	FORMER VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
RICHARD MALONEY	CLERK	2.00	Officer Director	$0	$0	$0
DEBORAH ALVES	PRESIDENT	2.00	Officer Director	$0	$0	$0
DOUGLAS ALLEN	DIRECTOR	2.00	Director	$0	$0	$0
JEAN KANARIAN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JEREMY CRIGLER	DIRECTOR	2.00	Director	$0	$0	$0
PERRY PATTERSON	FORMER DIRECTOR	2.00	Director	$0	$0	$0
GLEN MATTERA	TREASURER	2.00	Officer Director	$0	$0	$0
GEORGE DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
JOANN FRUCHTMAN	DIRECTOR	2.00	Director	$0	$0	$0
VIVIAN BAGUER HOLLAND	DIRECTOR	2.00	Director	$0	$0	$0
DONNA JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
KATHERINE PUTNAM	DIRECTOR	2.00	Director	$0	$0	$0
MARILYN WORTMAN	DIRECTOR	2.00	Director	$0	$0	$0
ANN ELIZABETH SMITH	EXECUTIVE DIRECTOR	40.00	Officer	$145,314	$7,571	$152,885

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	$1,069,533	$1,107,584	$5,901,483	$-38,051
2023	$2,036,059	$1,184,275	$5,869,015	$851,784
2022	$951,556	$1,062,835	$5,850,894	$-111,279
2021	$1,039,458	$717,146	$6,186,967	$322,312
2020	$520,409	$615,950	$6,002,167	$-95,541
2019	$778,079	$806,693	$6,019,066	$-28,614
2018	$1,043,745	$799,746	$6,060,899	$243,999

FEATHERSTONE CENTER FOR THE ARTS INC