NEWPORT FILM INC

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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

2010

Legal Domicile

Principal Officer

CATHLEEN CARR EXEC DIR

Phone

4016492784

Tax Period

2024-01-01 to 2024-12-31

NEWPORT FILM INC, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $889K in total revenue in fiscal year 2024.

Mission

NEWPORT FILM INSPIRES, EDUCATES, AND ENTERTAINS BY PRESENTING CURRENT AND IMPACTFUL DOCUMENTARIES THAT BUILD COMMUNITY AND PROPEL CHANGE.

Program Service Accomplishments

Program 1

Expenses: $632,318 Revenue: $60,633

In 2024, newportFILM continued its mission of engagement and inspiring the community through documentary file and media arts. The Organization screed over 25 critically acclaimed documentaries at...

In 2024, newportFILM continued its mission of engagement and inspiring the community through documentary file and media arts. The Organization screed over 25 critically acclaimed documentaries at more than 17 locations across Rhode Isand, reaching an audieence of 20,000 people through in-person and virtual events. Films were curated from top international festivals including Sundance, SXSW, TIFF, Camden, and DOC NYC. newportFILMs annual Cinematography Lab brought together six emerging filmakers and renowned mentors for a weekend of professional development. Students from local school were invited to attend select sessions, fostering connections with industry leaders and expanding access to creative career pathways. Through partnerships with over 50 community organizations, newportFILM deepened local engagement with documentary storytelling. Notable events included a two-day community screening of NEWPORT: IN THIS TOGETHER and a special summer screening at The Elms drawing over 5,000 attendees. The annual Tia Award was presented to a dedicated volunteer exemplifying community service. Education initiatives such as Documentary Unbound provided free afterschool filmaking programs for local youth, with student work recognized in national competitions. The Edu program, in collaboration with URIs Graduate School of Oceanography, offered experiential learning opportunities for middle school students through film and hands-on science activities. Demonstrating a commitment to encironmental responsibility, newportFILM diverted 79% of compostable waste from landfills during the summer season and partnered with Bike Newport to promote sustainable transportation to events.

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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 $818,779

Program Service Revenue $60,633

Investment Income $9,625

Other Revenue $319

TOTAL REVENUE $889,356

Expense Breakdown

Grants Paid $0

Salaries & Benefits $429,695

Fundraising Expenses $166,348

Program Expenses $632,318

Other Expenses $473,320

TOTAL EXPENSES $937,015

Year-over-Year Comparison

	2024	2023	Change
Revenue	$889,356	$846,060	+0.1%
Expenses	$937,015	$826,081	+0.1%
Net Income	$-47,659	$19,979	-3.4%

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

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

$114,038

Total Directors

$50,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHLEEN CARR	EXECUTIVE DIRECTOR	50.00	Officer	$114,038	$0	$114,038
KIMBERLY PALMER	PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIKA ATKINS	TREASURER	1.00	Officer Director	$0	$0	$0
TERRI CONNORS	SECRETARY	0.50	Officer Director	$0	$0	$0
NANCY DONAHOE	DIRECTOR	0.25	Director	$0	$0	$0
LAMPTON ENOCHS	DIRECTOR	0.25	Director	$0	$0	$0
JIM MILLER	DIRECTOR	0.25	Director	$0	$0	$0
SUSAN SIPPRELLE	DIRECTOR	0.25	Director	$0	$0	$0
ANDREA VAN BEUREN	BOARD DIRECTOR & ARTISTIC DIR.	10.00	Director	$0	$0	$50,000

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	$889,356	$937,015	$681,261	$-47,659
2023	$846,060	$826,081	$723,403	$19,979
2022	$755,851	$655,769	$642,581	$100,082
2021	$654,625	$574,762	$564,611	$79,863
2020	$600,963	$468,223	$529,532	$132,740
2019	$563,105	$564,562	$353,044	$-1,457
2018	$545,870	$511,973	$354,484	$33,897
2017	$478,919	$478,350	$317,916	$569