South County Center for the Arts

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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

1988

Legal Domicile

Principal Officer

Mariann Almonte

Phone

4017821018

Tax Period

2020-07-01 to 2021-06-30

South County Center for the Arts, founded in 1988, is a small nonprofit that reported $157K in total revenue in fiscal year 2020. Revenue fell 33% from the prior year — a significant decline worth monitoring. Net assets of $624K represent 48 months of operating reserves.

Mission

To organize, develop, promote, and operate a center for the visual and performing arts in South County, Rhode Island and to preserve the historic Washington County Courthouse building

Program Service Accomplishments

Program 1

Expenses: $158,970 Revenue: $157,285

Sustained our mission to preserve the Courthouse and provide arts to the community

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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 (2020)

Revenue Breakdown

Contributions & Grants $132,274

Program Service Revenue $23,991

Investment Income $0

Other Revenue $1,020

TOTAL REVENUE $157,285

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,184

Fundraising Expenses $1,748

Program Expenses $158,970

Other Expenses $167,889

TOTAL EXPENSES $171,821

Year-over-Year Comparison

	2020	2019	Change
Revenue	$157,285	$233,778	-0.3%
Expenses	$171,821	$259,905	-0.3%
Net Income	$-14,536	$-26,127	-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

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

N/A

Employees

N/A

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
Mariann Almonte	Executive Dir.	40.00	Officer Director	$0	$0	$0
Joseph Mirra	President	2.00	Officer Director	$0	$0	$0
Jack Bullock	Vice President	2.00	Officer Director	$0	$0	$0
Karen Jenkins	Secretary	2.00	Officer Director	$0	$0	$0
Chief Vincent Carlone	Director	2.00	Director	$0	$0	$0
Betty Marquis	Director	2.00	Director	$0	$0	$0
Steven A Lopez	Director	2.00	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
2021	$157,285	$171,821	$811,007	$-14,536
2020	$233,778	$259,905	$820,495	$-26,127
2019	$296,761	$353,239	$804,059	$-56,478
2018	$125,372	$168,386	$824,369	$-43,014