SALISBURY WICOMICO ARTS COUNCIL INC (EIN 237006845) - 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

ANGELA ROBINSON

Phone

4105432787

Tax Period

2023-07-01 to 2024-06-30

SALISBURY WICOMICO ARTS COUNCIL INC, founded in 1967, is a small nonprofit in the Arts, Culture & Humanities sector that reported $292K in total revenue in fiscal year 2023. The organization ran a surplus of $64K, a strong 22% operating margin.

Mission

TO ENHANCE THE QUALITY OF LIFE IN WICOMICO COUNY AND THE SURROUNDING REGION BY DEVELOPING ARTS AWARENESS THROUGH EDUCATIONAL PROGRAMS AND COMMUNITY OUTREACH, PROMOTING ARTISTIC EXPERIENCES FOR DIVERS AGES AND CULTURES, FACILITATING COMMUNICATION AMONG AREA ARTISTS AND ORGANIZATIONS, AND TO PROVIDE FUNDING.

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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 $265,370

Program Service Revenue $21,368

Investment Income $45

Other Revenue $5,040

TOTAL REVENUE $291,823

Expense Breakdown

Grants Paid $26,369

Salaries & Benefits $116,652

Fundraising Expenses $2,293

Program Expenses $145,739

Other Expenses $85,174

TOTAL EXPENSES $228,195

Year-over-Year Comparison

	2023	2022	Change
Revenue	$291,823	$305,483	0.0%
Expenses	$228,195	$203,970	+0.1%
Net Income	$63,628	$101,513	-0.4%

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

$75,839

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR LOUISE ANDERSON	BOARD MEMBER	0.00	Director	$0	$0	$0
GLENN CLUTTER	BOARD MEMBER	0.00	Director	$0	$0	$0
RICHARD CULVER	BOARD MEMBER	0.00	Director	$0	$0	$0
DR WILLIAM FOLGER	PRESIDENT	0.00	Officer	$0	$0	$0
LYUBOV ANDERSON	VICE PRESIDENT	0.00	Officer	$0	$0	$0
THERESE HAMILTON	EXECUTIVE DIRECTOR	40.00	Officer	$75,839	$0	$75,839
ANGELA ROBINSON	TREASURER	0.00	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	No data	No data	No data	No data
2024	$291,823	$228,195	$815,074	$63,628
2023	$305,483	$203,970	$802,948	$101,513
2022	$248,697	$203,339	$566,297	$45,358
2021	$226,374	$181,017	$591,961	$45,357
2020	$192,576	$184,226	$384,420	$8,350
2019	$199,326	$199,067	$402,452	$259

SALISBURY WICOMICO ARTS COUNCIL INC