NEWBURYPORT ART ASSOCIATION INC

EIN: 046060657 501(c)(3) Arts, Culture & Humanities

NEWBURYPORT, MA

Total Revenue
$342,998
Total Expenses
$411,678
Total Assets
$569,380
Net Assets
$544,171
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
MA
Principal Officer
CHARLES SCHENK
Phone
9787715162
Tax Period
2023-01-01 to 2023-12-31

NEWBURYPORT ART ASSOCIATION INC, founded in 1948, is a small nonprofit in the Arts, Culture & Humanities sector that reported $343K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $412K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROMOTE AND EXHIBIT MEMBERS' WORK AND TO PROVIDE ART EDUCATION AND ACCESS TO THE VISUAL ARTS FOR THE ENTIRE COMMUNITY

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $207,254
Program Service Revenue $70,450
Investment Income $5,495
Other Revenue $59,799
TOTAL REVENUE $342,998

Expense Breakdown

Grants Paid $0
Salaries & Benefits $248,025
Fundraising Expenses $52,434
Program Expenses $252,037
Other Expenses $163,653
TOTAL EXPENSES $411,678

Year-over-Year Comparison

2023 2022 Change
Revenue $342,998 $265,968 +0.3%
Expenses $411,678 $389,013 +0.1%
Net Income $-68,680 $-123,045 -0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
12
Independent Members
12
Employees
13
Volunteers
15

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
1
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS BAILEY BOARD MEMBER N/A
Director
$0 $0 $0
PAIGE BAUMANN BOARD MEMBER N/A
Director
$0 $0 $0
LORI CLARK BOARD MEMBER N/A
Director
$0 $0 $0
SUSAN DOUGHERTY BOARD MEMBER N/A
Director
$0 $0 $0
BRIAN HARRINGTON TREASURER N/A
Director
$0 $0 $0
JASON HARRIS BOARD MEMBER N/A
Director
$0 $0 $0
LAURIE HYLTON BOARD MEMBER N/A
Director
$0 $0 $0
KELLY SHEA KNOWLES BOARD MEMBER N/A
Director
$0 $0 $0
DEB PARE BOARD MEMBER N/A
Director
$0 $0 $0
LISA PURINTON BOARD MEMBER N/A
Director
$0 $0 $0
CHARLES SCHENK VICE PRESIDE N/A
Director
$0 $0 $0
ADRIENNE SILVERSMITH BOARD MEMBER N/A
Director
$0 $0 $0
SCOTT SIMMONS PRESIDENT N/A
Director
$0 $0 $0
JEAN TRIM BOARD MEMBER N/A
Director
$0 $0 $0
DR LISA NAAS EXECUTIVE DI N/A
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
2024 No data No data No data No data
2023 $342,998 $411,678 $569,380 $-68,680
2022 $265,968 $399,144 $628,997 $-133,176
2022 $265,968 $389,013 $628,997 $-123,045
2021 $473,164 $335,794 $781,598 $137,370
2020 $157,046 $214,498 $620,958 $-57,452
2019 $309,533 $354,834 $657,217 $-45,301
2018 $436,945 $355,433 $692,287 $81,512
Explore More Nonprofits
→Top 100 Nonprofits in Massachusetts →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare NEWBURYPORT ART ASSOCIATION INC with other nonprofits in Massachusetts and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.