FALMOUTH ARTISTS GUILD INC (EIN 237204889) - 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

1966

Legal Domicile

Principal Officer

CATHERINE CETTA

Phone

5085403304

Tax Period

2024-01-01 to 2024-12-31

FALMOUTH ARTISTS GUILD INC, founded in 1966, is a small nonprofit in the Arts, Culture & Humanities sector that reported $823K in total revenue in fiscal year 2024. Net assets of $2.7M represent 40 months of operating reserves.

Mission

THE MISSION OF THE FALMOUTH ARTISTS GUILD IS TO PROMOTE THE VISUAL ARTS FOR THE CAPE COD COMMUNITY THROUGH EDUCATIONAL OPPORTUNITIES AND EXHIBITIONS FOR ALL.

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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 $310,162

Program Service Revenue $466,499

Investment Income $19,007

Other Revenue $27,657

TOTAL REVENUE $823,325

Expense Breakdown

Grants Paid $0

Salaries & Benefits $287,828

Fundraising Expenses $7,815

Program Expenses $712,160

Other Expenses $525,659

TOTAL EXPENSES $813,487

Year-over-Year Comparison

	2024	2023	Change
Revenue	$823,325	$846,779	0.0%
Expenses	$813,487	$794,763	+0.0%
Net Income	$9,838	$52,016	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHERINE CETTA	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARIE CROMWELL	1ST VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DOREEN KELLY	2ND VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBERT GOLDSBOROUGH	TREASURER	2.00	Officer Director	$0	$0	$0
LISA ERRICO	RECORDING SECRETARY	2.00	Officer Director	$0	$0	$0
WALTER KNOX	DIRECTOR	1.00	Director	$0	$0	$0
LILLIA FRANTIN	DIRECTOR	1.00	Director	$0	$0	$0
PETER MORRISON	DIRECTOR	1.00	Director	$0	$0	$0
JOAN VALLE	DIRECTOR	1.00	Director	$0	$0	$0
JANE PARHIALA	DIRECTOR	1.00	Director	$0	$0	$0
LAURA RECKFORD	EXECTUTIVE DIRECTOR	40.00	Highest	$117,500	$0	$117,500

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	$823,325	$813,487	$2,807,149	$9,838
2023	$846,779	$794,763	$2,792,503	$52,016
2022	$718,392	$689,537	$2,736,356	$28,855
2021	$680,331	$657,711	$2,715,028	$22,620
2020	$632,797	$554,895	$2,763,200	$77,902
2019	$561,239	$628,249	$2,593,320	$-67,010
2018	$444,458	$538,151	$2,657,514	$-93,693

FALMOUTH ARTISTS GUILD INC