SCITUATE ART FESTIVAL 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

1967

Legal Domicile

Principal Officer

KATHLEEN BIANCHI

Phone

4012411085

Tax Period

2024-04-01 to 2025-03-31

SCITUATE ART FESTIVAL INC, founded in 1967, is a micro nonprofit that reported $76K in total revenue in fiscal year 2024. Expenses of $69K left a modest 9% surplus.

Mission

THE PRESERVATION OF HISTORICAL ARCHITECTURE WITHIN THE TOWN OF SCITUATE AND TO PROVIDE FUNDS TO ASSIST THE LOCAL CIVIC AND CHARTIABLE ORGANIZATIONS WITHIN THE TOWN THROUGH THEIR PARTICIPATION IN THE ART FESTIVAL FROM SUPPORT OF THE GENERAL PUBLIC.

Program Service Accomplishments

Program 1

THE SCITUATE ART FESTIVAL IS HELD IN THE FALL OF EACH YEAR DURING THE COLUMBUS DAY HOLIDAY WEEKEND. MONIES RECEIVED FOR RENTAL SPACE FROM VENDORS IS USED FOR THE PRESERVATION OF HISTORICAL PROPERTIES IN THE TOWN AND TO PROVIDE FINANCIAL ASSISTANCE TO VARIOUS CHARITABLE AND CIVIC ORGANIZATIONS OF THE TOWN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $76,330

Investment Income $0

Other Revenue $0

TOTAL REVENUE $76,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $506

Fundraising Expenses $0

Program Expenses $69,100

Other Expenses $68,594

TOTAL EXPENSES $69,100

Year-over-Year Comparison

	2024	2023	Change
Revenue	$76,330	$75,669	+0.0%
Expenses	$69,100	$62,499	+0.1%
Net Income	$7,230	$13,170	-0.5%

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

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
KATHLEEN BIANCHI	TREASURER	8.00	Officer	$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	$76,330	$69,100	$132,353	$7,230
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