NEWPORT ART MUSEUM AND ART ASSOCIATION (EIN 050258803) - 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

1912

Legal Domicile

Principal Officer

DANIELLE OGDEN

Phone

4018488200

Tax Period

2023-01-01 to 2023-12-31

NEWPORT ART MUSEUM AND ART ASSOCIATION, founded in 1912, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2023. Expenses of $2.0M exceeded revenue, resulting in a 41% operating deficit.

Mission

THE NEWPORT ART MUSEUM'S MISSION IS TO SHARE A DIVERSITY OF ART AND EXPERIENCES THAT SPARK REFLECTION, INSPIRATION, DISCOVERY, AND CONNECTION WITHIN OUR NEWPORT COMMUNITY AND BEYOND.

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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 (2023)

Revenue Breakdown

Contributions & Grants $494,126

Program Service Revenue $362,547

Investment Income $196,854

Other Revenue $347,500

TOTAL REVENUE $1,401,027

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,005,762

Fundraising Expenses $369,706

Program Expenses $1,177,482

Other Expenses $973,516

TOTAL EXPENSES $1,979,278

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,401,027	$1,404,768	0.0%
Expenses	$1,979,278	$2,001,859	0.0%
Net Income	$-578,251	$-597,091	0.0%

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

N/A

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
ELLIE VOORHES	CHAIR	2.00	Officer Director	$0	$0	$0
BRENDAN O'DONNELL	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
ELLIOT STULTZ	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
SUSAN HUNTER PETREE	TREASURER	2.00	Officer Director	$0	$0	$0
ELLEN BOWMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN BOUCHER	TRUSTEE	0.50	Director	$0	$0	$0
ELIZABETH BROOKS	TRUSTEE	0.50	Director	$0	$0	$0
KIMBERLY CUMMINS	TRUSTEE	0.50	Director	$0	$0	$0
FRANK GAROFOLO	TRUSTEE	0.50	Director	$0	$0	$0
JOHN HORTON	TRUSTEE	0.50	Director	$0	$0	$0
WENDY KAGAN	TRUSTEE	0.50	Director	$0	$0	$0
LIZ MELLO	TRUSTEE	0.50	Director	$0	$0	$0
SUE METZGER	TRUSTEE	0.50	Director	$0	$0	$0
NINA MURPHY	TRUSTEE	0.50	Director	$0	$0	$0
REBECCA REX	TRUSTEE	0.50	Director	$0	$0	$0
ERIK SAARMAA	TRUSTEE	0.50	Director	$0	$0	$0
FRAN SLUTSKY	TRUSTEE	0.50	Director	$0	$0	$0
RUTH THUMBTZEN	TRUSTEE	0.50	Director	$0	$0	$0
DANIELLE OGDEN	EXECUTIVE DI	40.00	Highest	$122,058	$0	$122,058

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	$1,401,027	$1,979,278	$11,906,828	$-578,251
2022	$1,404,768	$2,001,859	$11,081,376	$-597,091
2021	$1,275,755	$1,754,570	$13,416,306	$-478,815
2020	$1,388,480	$1,638,850	$12,810,562	$-250,370
2019	$1,585,617	$1,974,524	$12,215,305	$-388,907
2018	$1,601,795	$1,855,294	$11,212,255	$-253,499

NEWPORT ART MUSEUM AND ART ASSOCIATION