THE BRIDGTON ART GUILD INC D/B/A GALLERY 302 (EIN 432105398) - 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

2004

Legal Domicile

Principal Officer

DAVID HURSTY

Phone

2076472787

Tax Period

2023-01-01 to 2023-12-31

THE BRIDGTON ART GUILD INC D/B/A GALLERY 302, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $143K in total revenue in fiscal year 2023. The organization ran a surplus of $22K, a strong 15% operating margin.

Mission

TO PROVIDE A VENUE FOR ARTISTS AND STUDENTS OF ART TO EXHIBIT ORIGINAL WORKS OF ART IN ALL MEDIA AND TO SUPPORT AND MANAGE THE SELF-SUSTAINING, VOLUNTEER ARTIST COOPERATIVE. TO ENCOURAGE THE APPRECIATION OF ART IN THE REGION, PROVIDE ART-RELATED EDUCATION PROGRAMS AND TO FURTHER ART RELATED GROWTH AND SCHOLASTIC OPPORTUNITES.

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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 $8,525

Program Service Revenue $109,252

Investment Income $5

Other Revenue $25,279

TOTAL REVENUE $143,061

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $121,177

Other Expenses $120,177

TOTAL EXPENSES $121,177

Year-over-Year Comparison

	2023	2022	Change
Revenue	$143,061	$133,191	+0.1%
Expenses	$121,177	$138,518	-0.1%
Net Income	$21,884	$-5,327	-5.1%

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

N/A

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHELLEY PILSBURY	PRESIDENT,DIRECTOR	20.00	Officer Director	$0	$0	$0
CELESTE FLEMING	VICE PRESIDENT,DIRECTOR	5.00	Officer Director	$0	$0	$0
BARBARA GARDNER	SECRETARY,DIRECTOR	5.00	Officer Director	$0	$0	$0
DAVID HURSTY	TREASURER,DIRECTOR	5.00	Officer Director	$0	$0	$0
NANCY ENGDAHL	DIRECTOR	2.00	Director	$0	$0	$0
DARYLANN LEONARD	DIRECTOR	2.00	Director	$0	$0	$0
RUTH BOISVERT	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$143,061	$121,177	$102,672	$21,884
2022	$133,191	$138,518	$81,166	$-5,327
2021	$162,279	$124,261	$86,577	$38,018
2018	$105,052	$107,194	$38,457	$-2,142

THE BRIDGTON ART GUILD INC D/B/A GALLERY 302