SUMTER GALLERY OF ART (EIN 237130803) - 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

KAREN WATSON

Phone

8037750543

Tax Period

2023-07-01 to 2024-06-30

SUMTER GALLERY OF ART, founded in 1969, is a small nonprofit in the Arts, Culture & Humanities sector that reported $265K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $295K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO TEACH AND PROMOTE VISUAL 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 (2023)

Revenue Breakdown

Contributions & Grants $209,072

Program Service Revenue $45,624

Investment Income $40

Other Revenue $10,349

TOTAL REVENUE $265,085

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $133,098

Fundraising Expenses $0

Program Expenses $247,009

Other Expenses $112,135

TOTAL EXPENSES $295,233

Year-over-Year Comparison

	2023	2022	Change
Revenue	$265,085	$240,933	+0.1%
Expenses	$295,233	$255,311	+0.2%
Net Income	$-30,148	$-14,378	+1.1%

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

$12,513

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN WATSON	EXECUTIVE DI	10.00	Officer	$12,513	$0	$12,513
DEANE ACKERMAN	EMERITUS	N/A	Director	$0	$0	$0
PATRICIA ALI	MEMBER	N/A	Director	$0	$0	$0
JENNA BINION	MEMBER	N/A	Director	$0	$0	$0
LINDA BROWN	MEMBER	N/A	Director	$0	$0	$0
LAURA CARDELLO	EX OFFICIO	N/A	Director	$0	$0	$0
REGINA CARSON	MEMBER	N/A	Director	$0	$0	$0
KENDALL DEAS	MEMBER	N/A	Director	$0	$0	$0
DOMINIQUE HODGE	MEMBER	N/A	Director	$0	$0	$0
ELLEN JANSEN	EX OFFICIO	N/A	Director	$0	$0	$0
KIMBERLY LAND	MEMBER	N/A	Director	$0	$0	$0
KATIE LEVI	EMERITUS	N/A	Director	$0	$0	$0
RIVES LUCAS	MEMBER	N/A	Director	$0	$0	$0
JAMES T MCCAIN	EX OFFICIO	N/A	Director	$0	$0	$0
CHERYL MOYE	EX OFFICIO	N/A	Director	$0	$0	$0
DAMIEN PICARIELLO	CHAIR	N/A	Director	$0	$0	$0
THOMAS SLATER	MEMBER	N/A	Director	$0	$0	$0
CAROL CARSON-WARNER	SECRETARY	N/A	Officer	$0	$0	$0
SUSAN W OSTEEN	TREASURER	N/A	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	$265,085	$295,233	$165,272	$-30,148
2023	$240,933	$255,311	$196,704	$-14,378
2022	$367,922	$348,198	$210,310	$19,724
2021	$279,929	$248,540	$190,520	$31,389
2020	$219,008	$202,655	$179,256	$16,353
2019	$226,938	$203,803	$141,745	$23,135
2018	$207,278	$185,871	$118,483	$21,407

SUMTER GALLERY OF ART