SCITUATE ART FESTIVAL INC (EIN 222825275) - 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

1967

Legal Domicile

Principal Officer

Kathleen Bianchi

Phone

4019340088

Tax Period

2023-04-01 to 2024-03-31

SCITUATE ART FESTIVAL INC, founded in 1967, is a micro nonprofit that reported $76K in total revenue in fiscal year 2023. The organization ran a surplus of $13K, a strong 17% operating margin.

Mission

The Preservation of Historic Architecture within the town of Scituate and to provide funds to assists the local civic and charitable organizations within the town through their participation in the Art Festival from support of the general public.

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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 $70,705

Program Service Revenue $4,964

Investment Income $0

Other Revenue $0

TOTAL REVENUE $75,669

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,000

Other Expenses $42,499

TOTAL EXPENSES $62,499

Year-over-Year Comparison

	2023	2022	Change
Revenue	$75,669	$79,184	0.0%
Expenses	$62,499	$61,546	+0.0%
Net Income	$13,170	$17,638	-0.3%

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

N/A

Volunteers

100

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
PAUL LEVEILLEE	PRESIDENT	5.00	Officer	$0	$0	$0
SHEILA DURFEE	VICE PRESIDENT	3.00	Officer	$0	$0	$0
Rosanna Rossner	SECRETARY	5.00	Officer	$0	$0	$0
KATHLEEN BIANCHI	TREASURER	8.00	Officer	$0	$0	$0
Robert Provost	Asst. Treasurer	2.00	Officer	$0	$0	$0
REGINALD CENTRACCHIO	Director	2.00	Director	$0	$0	$0
WARNER DAUPHINEE	Director	2.00	Director	$0	$0	$0
ROBERT FISHMAN	Director	2.00	Director	$0	$0	$0
CELESTE LEVEILLEE	Director	2.00	Director	$0	$0	$0
LILLY ZARLI	Director	2.00	Director	$0	$0	$0
KRISTEN BANNON	Director	2.00	Director	$0	$0	$0
JULIE AWWAD	Director	2.00	Director	$0	$0	$0
Jeannine Vachon	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
2024	$75,669	$62,499	No data	$13,170
2023	$79,184	$61,546	No data	$17,638
2022	$100,000	$75,000	No data	$25,000
2021	$34,400	$61,897	No data	$-27,497
2020	$70,060	$55,191	$137,103	$14,869
2019	$71,882	$64,413	$123,297	$7,469
2018	$66,634	$90,108	$108,752	$-23,474

SCITUATE ART FESTIVAL INC