ROCKY NECK ART COLONY INC

EIN: 042795273 501(c)(3) Arts, Culture & Humanities

GLOUCESTER, MA

Total Revenue
$253,081
Total Expenses
$200,779
Total Assets
$1,172,315
Net Assets
$1,171,715
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
MA
Principal Officer
JEFF CALDER
Phone
9785157004
Tax Period
2024-11-01 to 2025-10-31

ROCKY NECK ART COLONY INC, founded in 1973, is a small nonprofit in the Arts, Culture & Humanities sector that reported $253K in total revenue in fiscal year 2024. The organization ran a surplus of $52K, a strong 21% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO NURTURE EXCELLENCE IN THE VISUAL ARTS AND TO CELEBRATE THE ARTISTIC CULTURE OF ROCKY NECK PROVIDING OPPORTUNITIES FOR PROFESSIONALS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $199,959
Program Service Revenue $40,915
Investment Income $11,678
Other Revenue $529
TOTAL REVENUE $253,081

Expense Breakdown

Grants Paid $10,950
Salaries & Benefits $85,576
Fundraising Expenses $46,526
Program Expenses $107,813
Other Expenses $104,253
TOTAL EXPENSES $200,779

Year-over-Year Comparison

2024 2023 Change
Revenue $253,081 $250,712 +0.0%
Expenses $200,779 $173,286 +0.2%
Net Income $52,302 $77,426 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
Employees
4
Volunteers
70

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
6
$33,333
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH CAREY CEO/DIRECTOR 40.00
Officer
$33,333 $0 $33,333
VANESSA MICHALAK Trustee 8.00
Director
$0 $0 $0
MARY MANDARINO Trustee 15.00
Officer Director
$0 $0 $0
BRENDA MALLOY Trustee 15.00
Director
$0 $0 $0
BRIAN MURPHY Trustee 15.00
Director
$0 $0 $0
SUSAN ALVEY Trustee 25.00
Director
$0 $0 $0
STEPHEN GONDERT Trustee 10.00
Director
$0 $0 $0
CYNTHIA SWITZER ROTH Trustee 25.00
Director
$0 $0 $0
STEPHANIE MASON Trustee 30.00
Director
$0 $0 $0
BOB MURPHY Trustee 10.00
Director
$0 $0 $0
REBECCA NAGLE Trustee 5.00
Director
$0 $0 $0
PAT ALTO Trustee 20.00
Director
$0 $0 $0
PAULA BORSETTI Trustee 5.00
Director
$0 $0 $0
PETER FARIEL Trustee 5.00
Director
$0 $0 $0
PEGGY CULLEN MATLOW Trustee 5.00
Director
$0 $0 $0
JEFF CALDER Treasurer 15.00
Officer
$0 $0 $0
JANICE BRAND President 30.00
Officer
$0 $0 $0
AMY SUDARSKY ARTISTIC DIR. 15.00
Officer
$0 $0 $0
MARTHA SUTYAK Secretary 20.00
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
2025 $253,081 $200,779 $1,172,315 $52,302
2024 $250,712 $173,286 $1,120,132 $77,426
2023 $193,009 $189,342 $1,041,987 $3,667
2022 $374,923 $162,244 $1,038,320 $212,679
2021 $127,209 $136,272 $828,788 $-9,063
2020 $193,049 $155,320 $838,138 $37,729
2020 $193,049 $146,320 $838,138 $46,729
2019 $109,176 $121,476 $789,041 $-12,300
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