Art Society of Kingston Inc

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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

1997

Legal Domicile

Principal Officer

Jamie Sanin

Phone

8453380333

Tax Period

2021-01-01 to 2021-12-31

Art Society of Kingston Inc, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $182K in total revenue in fiscal year 2021. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $38K, a strong 21% operating margin.

Mission

Artists' Exhibition and Education

Program Service Accomplishments

Program 1

Expenses: $45,175 Revenue: $167,524

To Encourage, support, and promote the creation of artists and their work. ASK provides a platform for artists' art shows and exhibitions.

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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 (2021)

Revenue Breakdown

Contributions & Grants $104,382

Program Service Revenue $50,974

Investment Income $285

Other Revenue $26,649

TOTAL REVENUE $182,290

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,966

Fundraising Expenses $13,420

Program Expenses $45,175

Other Expenses $100,360

TOTAL EXPENSES $144,565

Year-over-Year Comparison

	2021	2020	Change
Revenue	$182,290	$111,760	+0.6%
Expenses	$144,565	$103,370	+0.4%
Net Income	$37,725	$8,390	+3.5%

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
Jamie Sanin	President	1.00	Officer Director	$0	$0	$0
Richard Baronio	Interm Treas.	1.00	Officer Director	$0	$0	$0
Chloe Redd	Secretary	1.00	Officer Director	$0	$0	$0
Tovah Goldfarb	Director	1.00	Director	$0	$0	$0
Priscilla DeConti	Director	1.00	Director	$0	$0	$0
Lee Worden	Director	1.00	Director	$0	$0	$0
Cari Marvelli	Director	1.00	Director	$0	$0	$0
Staats Fasoldt	Director	1.00	Director	$0	$0	$0
Sharon Ascher	Director	1.00	Director	$0	$0	$0
Daniel Venture	Director	1.00	Director	$0	$0	$0
John Verner	Director	1.00	Director	$0	$0	$0
Denise Fryburg	Director	1.00	Director	$0	$0	$0
Kathleen Nolan	Director	1.00	Director	$0	$0	$0
Brent Felker	Past Exec. Dir.	15.00	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	$182,290	$144,565	$647,024	$37,725
2020	$111,760	$103,370	$544,703	$8,390
2019	$183,995	$162,549	$537,162	$21,446
2018	$102,272	$139,587	$510,853	$-37,315