WESTPORT ART GROUP INC

EIN: 237282020 501(c)(3)

Westport Point, MA

Total Revenue
$391,223
Total Expenses
$50,060
Total Assets
$401,404
Net Assets
$401,404
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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
MA
Principal Officer
William R Hunt
Tax Period
2023-10-01 to 2024-09-30

WESTPORT ART GROUP INC, founded in 1966, is a small nonprofit that reported $391K in total revenue in fiscal year 2023. Revenue surged 683% from the prior year, signaling strong growth momentum. The organization ran a surplus of $341K, a strong 87% operating margin.

Mission

Art education

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $346,693
Program Service Revenue $34,977
Investment Income $9,553
Other Revenue $0
TOTAL REVENUE $391,223

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $50,060
Other Expenses $30,770
TOTAL EXPENSES $50,060

Year-over-Year Comparison

2023 2022 Change
Revenue $391,223 $49,991 +6.8%
Expenses $50,060 $45,471 +0.1%
Net Income $341,163 $4,520 +74.5%
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

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Governance

Voting Members
250
Independent Members
N/A
Employees
N/A
Volunteers
6

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Janet Dupec V.P Education 5
Officer Director
$0 $0 $0
Sharon Conners President 2
Officer Director
$0 $0 $0
William R Hunt Treasurer 12
Officer Director
$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
2024 $391,223 $50,060 $401,404 $341,163
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