MARBLEHEAD FESTIVAL OF ARTS INC (EIN 046130256) - 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

1963

Legal Domicile

Principal Officer

KATHY HEMPEL

Phone

7816392787

Tax Period

2024-10-01 to 2025-09-30

MARBLEHEAD FESTIVAL OF ARTS INC, founded in 1963, is a small nonprofit in the Arts, Culture & Humanities sector that reported $223K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

PROMOTION OF FINE ARTS, PERFORMING ARTS, AND ARTISTIC DEVELOPMENT THROUGH THE MEDIUM OF AN ANNUAL ARTS FESTIVAL AND OTHER RELATED PRODUCTS THAT BENEFIT THE RESIDENTS OF MARBLEHEAD, MA.

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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 $122,248

Program Service Revenue $103,130

Investment Income $5,435

Other Revenue $-7,732

TOTAL REVENUE $223,081

Expense Breakdown

Grants Paid $9,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $209,628

Other Expenses $235,808

TOTAL EXPENSES $244,808

Year-over-Year Comparison

	2024	2023	Change
Revenue	$223,081	$205,930	+0.1%
Expenses	$244,808	$205,134	+0.2%
Net Income	$-21,727	$796	-28.3%

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

400

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL SMALLEY	DIRECTOR	4.00	Director	$0	$0	$0
ROGER COWLES	DIRECTOR	4.00	Director	$0	$0	$0
MEGHAN PERLOW	DIRECTOR	4.00	Director	$0	$0	$0
CHRIS BUCHANAN	DIRECTOR	4.00	Director	$0	$0	$0
JOE TAVANO	DIRECTOR	4.00	Director	$0	$0	$0
CYNDA ROHMER	PRESIDENT	7.00	Officer	$0	$0	$0
KATHY HEMPEL	TREASURER	7.00	Officer	$0	$0	$0
SUSAN SUMMERS	SECRETARY	7.00	Officer	$0	$0	$0
TERRY STEIMER	CO-VICE PRESIDENT	4.00	Officer	$0	$0	$0
JAMES MURPHY	CO-VICE PRESIDENT	4.00	Officer	$0	$0	$0
JODI-TATIANA CHARLES	PAST-PRESIDENT	4.00	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	$223,081	$244,808	$277,340	$-21,727
2024	$205,930	$205,134	$313,322	$796
2023	$177,405	$181,463	$303,405	$-4,058
2021	$89,467	$73,645	$265,062	$15,822
2020	$11,030	$43,185	$249,240	$-32,155
2019	$131,074	$140,263	$281,395	$-9,189

MARBLEHEAD FESTIVAL OF ARTS INC