THE SALISBURY ASSOCIATION INC

EIN: 066054763 501(c)(3) Arts, Culture & Humanities

SALISBURY, CT

Total Revenue
$3,279,279
Total Expenses
$419,515
Total Assets
$18,561,526
Net Assets
$18,561,526
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1902
Legal Domicile
CT
Principal Officer
CYNTHIA WALSH
Phone
8604350566
Tax Period
2025-01-01 to 2025-12-31

THE SALISBURY ASSOCIATION INC, founded in 1902, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.3M in total revenue in fiscal year 2025. Revenue surged 557% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 87% operating margin.

Mission

TO FURTHER THE BEST INTERESTS OF THE TOWN OF SALISBURY AND TO PROTECT AND DEVELOP ITS NATURAL ATTRACTIONS.

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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 $2,764,194
Program Service Revenue $1,238
Investment Income $513,847
Other Revenue $0
TOTAL REVENUE $3,279,279

Expense Breakdown

Grants Paid $0
Salaries & Benefits $140,169
Fundraising Expenses $5,948
Program Expenses $328,368
Other Expenses $279,346
TOTAL EXPENSES $419,515

Year-over-Year Comparison

2025 2024 Change
Revenue $3,279,279 $499,395 +5.6%
Expenses $419,515 $433,956 0.0%
Net Income $2,859,764 $65,439 +42.7%
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
18
Independent Members
18
Employees
2
Volunteers
25

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
4
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN LANDON TRUSTEE 2.00
Director
$0 $0 $0
MARY TAYLOR TRUSTEE 1.00
Director
$0 $0 $0
GLORIA MILLER TRUSTEE 1.00
Director
$0 $0 $0
DICK PADDOCK TRUSTEE 1.00
Director
$0 $0 $0
ALEXANDRA LANGE TREASURER 1.00
Officer Director
$0 $0 $0
LORI SHEPARD TRUSTEE 1.00
Director
$0 $0 $0
LIBBY PANZER TRUSTEE 1.00
Director
$0 $0 $0
HOWARD SOBEL TRUSTEE 1.00
Director
$0 $0 $0
JERRY STANTON TRUSTEE 1.00
Director
$0 $0 $0
CYNTHIA WALSH PRESIDENT 3.00
Officer Director
$0 $0 $0
ABETH SLOTNICK SECRETARY 1.00
Officer Director
$0 $0 $0
JOEL COHEN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JESSICA DECARLO TRUSTEE 1.00
Director
$0 $0 $0
BOBBY GRAHAM TRUSTEE 1.00
Director
$0 $0 $0
RHONAN MOKRISKI TRUSTEE 1.00
Director
$0 $0 $0
ISABEL SLOANE TRUSTEE 1.00
Director
$0 $0 $0
GEORGE WALLACE TRUSTEE 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 $3,279,279 $419,515 $18,561,526 $2,859,764
2024 $499,395 $433,956 $15,287,624 $65,439
2023 $1,481,234 $291,458 $14,931,787 $1,189,776
2022 $1,787,066 $301,075 $13,207,085 $1,485,991
2021 $1,127,033 $254,787 $12,764,731 $872,246
2020 $2,194,509 $212,541 $11,723,785 $1,981,968
2019 $808,588 $247,640 $9,399,838 $560,948
2018 $368,344 $259,313 $8,087,031 $109,031
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