BAYARTS (EIN 340978368) - 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

1962

Legal Domicile

Principal Officer

BETH MILLI

Phone

4408716543

Tax Period

2024-01-01 to 2024-12-31

BAYARTS, founded in 1962, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE MISSION OF BAYARTS IS TO PROVIDE A WELCOMING LAKESIDE ENVIRONMENT TO STIMULATE, ENCOURAGE AND SUPPORT PROFESSIONAL AND ASPIRING ARTISTS OF ALL AGES THROUGH COLLABORATION, EDUCATION AND EXHIBITION.

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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 $341,597

Program Service Revenue $672,152

Investment Income $2,538

Other Revenue $0

TOTAL REVENUE $1,016,287

Expense Breakdown

Grants Paid $0

Salaries & Benefits $395,438

Fundraising Expenses $78,235

Program Expenses $988,617

Other Expenses $767,739

TOTAL EXPENSES $1,163,177

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,016,287	$1,091,296	-0.1%
Expenses	$1,163,177	$1,063,760	+0.1%
Net Income	$-146,890	$27,536	-6.3%

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

$80,598

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETH MILLI	EXECUTIVE DI	40.00	Officer	$0	$0	$0
NANCY HEATON	FRMR EXEC DI	40.00	Officer	$78,250	$2,348	$80,598
MARY SULLIVAN	PRESIDENT	6.00	Officer Director	$0	$0	$0
ANDREA RICHARDS	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
RYAN DOBROKA	TREASURER	6.00	Officer Director	$0	$0	$0
LISA NAPOLI	SECRETARY	3.00	Officer Director	$0	$0	$0
KAREN BRILL	DIRECTOR	3.00	Director	$0	$0	$0
RON CHUDOWSKY	DIRECTOR	3.00	Director	$0	$0	$0
GARY EBERT	DIRECTOR	3.00	Director	$0	$0	$0
EMILY GAMBILL	DIRECTOR	3.00	Director	$0	$0	$0
JILL HENSEL	DIRECTOR	3.00	Director	$0	$0	$0
JOSETTE MILLI	DIRECTOR	3.00	Director	$0	$0	$0
THOMAS O'BRIEN	DIRECTOR	3.00	Director	$0	$0	$0
MARIANNA ORRO	DIRECTOR	3.00	Director	$0	$0	$0
KARRY YORK	DIRECTOR	3.00	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	$1,016,287	$1,163,177	$1,773,300	$-146,890
2023	$1,091,296	$1,063,760	$1,904,303	$27,536
2022	$962,360	$732,130	$1,654,229	$230,230
2021	$856,987	$628,532	$1,457,154	$228,455
2020	$645,842	$567,977	$1,246,038	$77,865
2019	$959,096	$937,868	$1,209,480	$21,228
2018	$988,237	$978,205	$1,199,312	$10,032

BAYARTS