PENINSULA SCHOOL OF ART INC (EIN 391730561) - 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

1992

Legal Domicile

Principal Officer

BARBARA HAMBLETON

Phone

9208683455

Tax Period

2023-01-01 to 2023-12-31

PENINSULA SCHOOL OF ART INC, founded in 1992, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 10% surplus.

Mission

PROVIDE ENRICHING VISUAL ART EDUCATIONAL EXPERIENCES FOR PARTICIPANTS OF ALL AGES AND ABILITIES TO INSPIRE CREATIVITY AND BUILD COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $769,521

Program Service Revenue $241,671

Investment Income $40,111

Other Revenue $166,661

TOTAL REVENUE $1,217,964

Expense Breakdown

Grants Paid $5,670

Salaries & Benefits $361,109

Fundraising Expenses $141,341

Program Expenses $689,048

Other Expenses $731,377

TOTAL EXPENSES $1,098,156

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,217,964	$1,092,441	+0.1%
Expenses	$1,098,156	$938,211	+0.2%
Net Income	$119,808	$154,230	-0.2%

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

$130,207

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS CLAGGETT	CHAIR	2.00	Officer Director	$0	$0	$0
DONNA SCATTERGOOD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BARBARA HAMBLETON	TREASURER	4.00	Officer Director	$0	$0	$0
MYNN LANPHIER	SECRETARY	2.00	Officer Director	$0	$0	$0
BRIAN BOSWORTH	DIRECTOR	2.00	Director	$0	$0	$0
DIANE MILLER	DIRECTOR	1.00	Director	$0	$0	$0
GINNIE CAPPAERT	DIRECTOR	1.00	Director	$0	$0	$0
JULIA CHOMEAU	DIRECTOR	1.00	Director	$0	$0	$0
LARRY PAVELEC	DIRECTOR	2.00	Director	$0	$0	$0
MARIANNE DIEKMAN	DIRECTOR	2.00	Director	$0	$0	$0
MARY BETH MAUDSLEY	DIRECTOR	1.00	Director	$0	$0	$0
MARY ELLEN SISULAK	DIRECTOR	2.00	Director	$0	$0	$0
MARY KAY BRAZA	DIRECTOR	2.00	Director	$0	$0	$0
MARY NELSON	DIRECTOR	1.00	Director	$0	$0	$0
NANCY SARGENT	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE TRENCHARD	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN O'HEARN	DIRECTOR	1.00	Director	$0	$0	$0
SUE ENROTH	DIRECTOR	2.00	Director	$0	$0	$0
VIRGINIA MAHER	DIRECTOR	2.00	Director	$0	$0	$0
CATHERINE HOKE	EXECUTIVE DIRECTOR (THRU JAN 2023)	50.00	Officer	$32,272	$202	$32,474
ADAM ERICKSON	EXECUTIVE DIRECTOR (AS OF MAY 2023)	50.00	Officer	$93,333	$4,400	$97,733

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	No data	No data	No data	No data
2023	$1,217,964	$1,098,156	$7,479,367	$119,808
2022	$1,092,441	$938,211	$7,316,474	$154,230
2021	$1,332,274	$836,109	$7,076,513	$496,165
2020	$567,997	$522,218	$5,129,886	$45,779
2019	$853,855	$715,476	$5,010,553	$138,379
2018	$1,382,542	$816,194	$4,769,296	$566,348

PENINSULA SCHOOL OF ART INC