SALEM ART WORKS INC (EIN 134309608) - 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

2005

Legal Domicile

Phone

5188547674

Tax Period

2023-10-01 to 2024-09-30

SALEM ART WORKS INC, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $577K in total revenue in fiscal year 2023. Expenses of $534K left a modest 7% surplus.

Mission

To support both emerging and established artists in the creation of new and progressive works. To educate, train, and promote the understanding and appreciation of contemporary art.

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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 $504,774

Program Service Revenue $72,429

Investment Income $0

Other Revenue $0

TOTAL REVENUE $577,203

Expense Breakdown

Grants Paid $0

Salaries & Benefits $312,094

Fundraising Expenses $32,757

Program Expenses $361,205

Other Expenses $221,939

TOTAL EXPENSES $534,033

Year-over-Year Comparison

	2023	2022	Change
Revenue	$577,203	$551,668	+0.0%
Expenses	$534,033	$537,141	0.0%
Net Income	$43,170	$14,527	+2.0%

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

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

$8,739

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Gary Humphreys	Director	Director	$6,019	$0	$6,019
Matthew Ferguson	Director	Director	$2,720	$0	$2,720
Anthony Cafritz	Chairman	Director	$0	$0	$0
Walter Dunnington	Director	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
2024	$577,203	$534,033	$215,244	$43,170
2023	$550,226	$534,528	$177,364	$15,698
2022	$490,697	$558,132	$190,566	$-67,435
2021	$504,516	$396,395	$226,965	$108,121
2020	$283,850	$393,571	$181,936	$-109,721
2019	$573,953	$529,046	$209,171	$44,907
2018	$493,522	$480,950	$178,572	$12,572

SALEM ART WORKS INC