CAPE ANN ART HAVEN INC (EIN 331205255) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

TRACI CORBETT

Phone

9782833888

Tax Period

2024-01-01 to 2024-12-31

CAPE ANN ART HAVEN INC, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $357K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION PROVIDES AND OPERATES A COMMUNITY ART STUDIO IN GLOUCESTER, MA FOR STUDENTS AND RESIDENTS OF CAPE ANN. IT PROVIDES AFTERSHOOL, VACATION, AND EVENING CLASSES FOR ALL AGES TO PROMOTE AND FOSTER CREATIVITY IN A SAFE AND POSITIVE ENVIRONMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $234,280

Program Service Revenue $122,465

Investment Income $409

Other Revenue $0

TOTAL REVENUE $357,154

Expense Breakdown

Grants Paid $0

Salaries & Benefits $227,472

Fundraising Expenses $10,971

Program Expenses $327,281

Other Expenses $126,249

TOTAL EXPENSES $353,721

Year-over-Year Comparison

	2024	2023	Change
Revenue	$357,154	$294,868	+0.2%
Expenses	$353,721	$306,571	+0.2%
Net Income	$3,433	$-11,703	-1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$80,002

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACI CORBETT	EXECUTIVE DIRECTOR	40.00	Officer Highest	$80,002	$0	$80,002
SARA ROIZEN	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE BUDROW	DIRECTOR	1.00	Director	$0	$0	$0
ROGER LEVINE	N/A	0.00	Director	$0	$0	$0
ARIA MCELHENNY	PRESIDENT	2.00	Officer	$0	$0	$0
JONATHAN LYNCH	TREASURER	1.00	Officer	$0	$0	$0
CHELSEA GOLDSTEIN-WALSH	CLERK	1.00	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
2024	$357,154	$353,721	$196,333	$3,433
2023	$315,061	$254,478	$204,603	$60,583
2023	$294,868	$306,571	$192,900	$-11,703
2022	$247,957	$195,392	$144,020	$52,565
2021	$199,830	$156,665	$91,455	$43,165
2020	$231,068	$208,200	$48,290	$22,868
2019	$196,939	$175,420	$25,422	$21,519

CAPE ANN ART HAVEN INC