SOUTH SHORE ARTS INC (EIN 237049722) - 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

1969

Legal Domicile

Principal Officer

JONATHAN CANNING

Phone

2198361839

Tax Period

2024-07-01 to 2025-06-30

SOUTH SHORE ARTS INC, founded in 1969, is a small nonprofit in the Arts, Culture & Humanities sector that reported $992K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

PROMOTION OF THE ARTS.

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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 $483,968

Program Service Revenue $397,064

Investment Income $65,235

Other Revenue $45,273

TOTAL REVENUE $991,540

Expense Breakdown

Grants Paid $26,049

Salaries & Benefits $574,538

Fundraising Expenses $40,830

Program Expenses $628,688

Other Expenses $400,702

TOTAL EXPENSES $1,001,289

Year-over-Year Comparison

	2024	2023	Change
Revenue	$991,540	$903,577	+0.1%
Expenses	$1,001,289	$1,026,733	0.0%
Net Income	$-9,749	$-123,156	-0.9%

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

$135,397

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEANE CERVEN	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
WILLIAM NEFF	PRESIDENT	2.00	Officer Director	$0	$0	$0
KAREN RAAB	DIRECTOR	2.00	Director	$0	$0	$0
AMY KOUFOS	DIRECTOR	2.00	Director	$0	$0	$0
DENISE DILLARD	DIRECTOR	2.00	Director	$0	$0	$0
JENNY YALOWITZ	DIRECTOR	2.00	Director	$0	$0	$0
JEREMY WILLETT	DIRECTOR	2.00	Director	$0	$0	$0
JUDITH MAYER	DIRECTOR	2.00	Director	$0	$0	$0
KAREN MARAVILLA	DIRECTOR	2.00	Director	$0	$0	$0
RACHEL KOLAR	DIRECTOR	2.00	Officer Director	$0	$0	$0
MONICA JOHNSON	TREASURER	2.00	Officer Director	$0	$0	$0
CARLY BRANDENBURG	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRISTIAN BARTHOLOMEW	DIRECTOR	2.00	Director	$0	$0	$0
BRUCE CEGUR	DIRECTOR	2.00	Director	$0	$0	$0
ARUNA CHAUBAL	DIRECTOR	2.00	Director	$0	$0	$0
GUSTAVO GALANTE	DIRECTOR	2.00	Director	$0	$0	$0
DANETTE GARZA	DIRECTOR	2.00	Director	$0	$0	$0
KRISTIN NGCHEE	DIRECTOR	2.00	Director	$0	$0	$0
ANNE GREGORY	DIRECTOR	2.00	Director	$0	$0	$0
ASHLEY HALPERN	DIRECTOR	2.00	Director	$0	$0	$0
JULIE MINTZ	DIRECTOR	2.00	Director	$0	$0	$0
KIMBERLY MODIGELL	DIRECTOR	2.00	Director	$0	$0	$0
AMANDA PANAGGIO	DIRECTOR	2.00	Director	$0	$0	$0
ADAM ROBERTSON	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH SKIBBIE	DIRECTOR	2.00	Director	$0	$0	$0
LISA TYREE	DIRECTOR	2.00	Director	$0	$0	$0
DAVID MIKA	EXECUTIVE DIRECTOR - THROUGH 6.1.25	20.00	Officer	$118,137	$17,260	$135,397
JONATHAN CANNING	EXECUTIVE DIRECTOR - AS OF 6.1.25	20.00	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	$991,540	$1,001,289	$1,274,333	$-9,749
2024	No data	No data	No data	No data
2023	$617,894	$793,098	$2,400,434	$-175,204
2022	$1,276,696	$726,484	$2,356,106	$550,212
2021	$657,189	$588,753	$2,698,401	$68,436
2020	$1,054,118	$1,075,213	$2,300,294	$-21,095
2019	$1,275,652	$1,387,252	$2,320,133	$-111,600

SOUTH SHORE ARTS INC