THE SHELDON ARTS FOUNDATION (EIN 431489756) - 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

1989

Legal Domicile

Principal Officer

PETER PALERMO

Phone

3145339900

Tax Period

2024-07-01 to 2025-06-30

THE SHELDON ARTS FOUNDATION, founded in 1989, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.1M in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $4.4M left a modest 14% surplus.

Mission

THROUGH THE POWER OF MUSIC AND ART, THE SHELDON ENSURES THAT ALL HAVE ACCESS TO UNIQUE, RELEVANT AND INVENTIVE EXPERIENCES THAT CHANGE LIVES AND STRENGTHEN OUR 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 (2024)

Revenue Breakdown

Contributions & Grants $3,628,132

Program Service Revenue $704,558

Investment Income $37,967

Other Revenue $685,357

TOTAL REVENUE $5,056,014

Expense Breakdown

Grants Paid $45,985

Salaries & Benefits $1,616,167

Fundraising Expenses $436,870

Program Expenses $3,199,833

Other Expenses $2,690,817

TOTAL EXPENSES $4,352,969

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,056,014	$6,638,944	-0.2%
Expenses	$4,352,969	$4,149,286	+0.0%
Net Income	$703,045	$2,489,658	-0.7%

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

$382,069

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER PALERMO	EXECUTIVE DIRECTOR	35.00	Officer	$196,143	$25,527	$221,670
JULIE PLOWMAN	DEPUTY DIRECTOR/DIRECTOR OF FINANCE	35.00	Officer	$132,364	$28,035	$160,399
CHERYL WALKER	CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTOPHER DANFORTH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SUE ENGELHARDT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVE GIFFORD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TOM RUWITCH	CHAIR - GOVERNANCE	1.00	Officer Director	$0	$0	$0
JERRY GRANT	TREASURER/CHAIR - FINANCE	1.00	Officer Director	$0	$0	$0
MARY PATTERSON	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES WATSON	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
ASHLEY CASEY	CHAIR - FRIENDS BOARD	1.00	Officer Director	$0	$0	$0
RYAN C EASLEY	CHAIR - DEVELOPMENT	1.00	Officer Director	$0	$0	$0
CHRIS J HAGEDORN	CHAIR - FACILITIES	1.00	Officer Director	$0	$0	$0
ROBERT WILL	CHAIR - PROGRAMMING	1.00	Officer Director	$0	$0	$0
ANNE BANNISTER	CHAIR - MARKETING	1.00	Officer Director	$0	$0	$0
YEMI AKANDE-BARTSCH	BOARD MEMBER (TERM ENDED 6/25)	1.00	Director	$0	$0	$0
KEVIN ALM	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTY BECKMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH BRAUER	BOARD MEMBER (AS OF 5/25)	1.00	Director	$0	$0	$0
ROBERT ENDICOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK HALTON	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID HOHMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTHA GARCIA KAMPEN	BOARD MEMBER (TERM ENDED 6/25)	1.00	Director	$0	$0	$0
TAMARA KEEFE	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY KRANZBERG	BOARD MEMBER (TERM ENDED 6/25)	1.00	Director	$0	$0	$0
MADT MALLINCKRODT	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD MARRIOTT JR	BOARD MEMBER	1.00	Director	$0	$0	$0
JURI MCDOWELL MD	BOARD MEMBER (TERM ENDED 1/25)	1.00	Director	$0	$0	$0
JACK MUSGRAVE	BOARD MEMBER	1.00	Director	$0	$0	$0
NINA NEEDLEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER NOONAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MAURICE QUIROGA	BOARD MEMBER	1.00	Director	$0	$0	$0
DR RICHARD SHAW	BOARD MEMBER	1.00	Director	$0	$0	$0
DR THOMAS SILER	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA SLAY	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK STUART-SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
THELMA STEWARD	BOARD MEMBER	1.00	Director	$0	$0	$0
PEGGY W SYMES	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS VANDIVER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY PILLSBURY WAINWRIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN WALLACH	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL WILLIAMS	BOARD MEMBER (TERM ENDED 6/25)	1.00	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
2025	$5,056,014	$4,352,969	$21,524,041	$703,045
2024	$6,638,944	$4,149,286	$20,005,380	$2,489,658
2023	$3,320,010	$4,419,899	$17,666,116	$-1,099,889
2022	$4,113,290	$3,854,814	$18,915,606	$258,476
2021	$2,862,291	$2,656,431	$19,890,863	$205,860
2020	$3,531,878	$3,454,779	$19,365,999	$77,099
2019	$3,886,401	$3,599,889	$19,469,156	$286,512
2018	$4,473,906	$3,404,012	$20,581,865	$1,069,894

THE SHELDON ARTS FOUNDATION