OGUNQUIT ARTS COLLABORATIVE MICHAEL FOLEY

EIN: 043347169 501(c)(3) Arts, Culture & Humanities

OGUNQUIT, ME

Total Revenue
$71,320
Total Expenses
$96,028
Total Assets
$648,206
Net Assets
$648,188
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
ME
Principal Officer
MICHAEL FOLEY
Phone
2073632283
Tax Period
2025-01-01 to 2025-12-31

OGUNQUIT ARTS COLLABORATIVE MICHAEL FOLEY, founded in 1997, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $71K in total revenue in fiscal year 2025. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $96K exceeded revenue, resulting in a 35% operating deficit.

Mission

THE OGUNQUIT ARTS COLLABORATIVE OWNS AND ADMINISTERS THE BARN GALLERY IN OGUNQUIT IN ORDER "TO EDUCATE THE PUBLIC ON THE NATURE OF ART" BY OFFERING ART EXHIBITIONS, ART WORKSHOPS, EDUCATIONAL PROGRAMS, CONCERTS AND OTHER ART-RELATED EVENTS FROM MID-MAY TO MID-OCTOBER. ADMISSION TO THE GALLERY AND MOST EVENTS ARE FREE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $45,040
Program Service Revenue $26,172
Investment Income $108
Other Revenue $0
TOTAL REVENUE $71,320

Expense Breakdown

Grants Paid $0
Salaries & Benefits $21,669
Fundraising Expenses $0
Program Expenses $49,637
Other Expenses $74,359
TOTAL EXPENSES $96,028

Year-over-Year Comparison

2025 2024 Change
Revenue $71,320 $60,703 +0.2%
Expenses $96,028 $105,260 -0.1%
Net Income $-24,708 $-44,557 -0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
60

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
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEIDRE O'FLAHERTY PRESIDENT 10.00
Officer Director
$0 $0 $0
NANCY R DAVISON CLERK 1.00
Officer Director
$0 $0 $0
JEFFREY T FITZGERALD BOARD MEMBER 1.00
Officer Director
$0 $0 $0
SCOTT ELDREDGE BOARD MEMBER 1.00
Director
$0 $0 $0
DUSTAN KNIGHT BOARD MEMBER 1.00
Director
$0 $0 $0
ETHEL HILLS BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL FOLEY TREASURER 1.00
Director
$0 $0 $0
NICOLE BIANCO BOARD MEMBER 1.00
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
2025 $71,320 $96,028 $648,206 $-24,708
2024 $60,703 $105,260 $673,556 $-44,557
2023 $56,029 $94,918 $717,452 $-38,889
2022 $59,241 $90,906 $756,345 $-31,665
2021 $219,301 $69,970 $788,122 $149,331
2020 $45,269 $49,733 $638,697 $-4,464
2019 $66,256 $68,408 $647,139 $-2,152
2018 $58,965 $68,296 $645,291 $-9,331
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