GLOUCESTER ARTS ON MAIN INC

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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

2011

Legal Domicile

Principal Officer

HUGH BRYAN

Phone

8048249464

Tax Period

2022-07-01 to 2023-06-30

GLOUCESTER ARTS ON MAIN INC, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $286K in total revenue in fiscal year 2022. Revenue fell 62% from the prior year — a significant decline worth monitoring. Net assets of $713K represent 30 months of operating reserves.

Mission

TO PROVIDE A CREATIVE ENVIRONMENT FOR THE ARTS TO FLOURISH, ENRICHING THE QUALITY OF LIFE FOR PEOPLE OF ALL AGES BY OFFERING WORKSHOPS, CLASSES, EXHIBITS AND EVENTS IN A GALLERY WHERE ARTISTS EXHIBIT WORK.

Program Service Accomplishments

Program 1

Expenses: $736

THE ARTIST IN RESIDENCY PROGRAM BEGAN IN FY18-19 AND IS SUPPORTED BY THE COOK FOUNDATION. THE PROGRAM ENCOURAGES ARTISTS TO ENGAGE WITH THE COMMUNITY WHILE LIVING AND PURSUING THEIR WORK IN...

THE ARTIST IN RESIDENCY PROGRAM BEGAN IN FY18-19 AND IS SUPPORTED BY THE COOK FOUNDATION. THE PROGRAM ENCOURAGES ARTISTS TO ENGAGE WITH THE COMMUNITY WHILE LIVING AND PURSUING THEIR WORK IN GLOUCESTER. ARTISTS ENJOY DEEPLY FOCUSED TIME TO EXPLORE, EXPERIMENT AND TO WORK INDEPENDENTLY.

Program 2

Expenses: $198,104 Revenue: $96,066

ARTS ON MAIN RUNS A GALLERY AND HOSTS EVENTS WHERE LOCAL ARTISTS SHOWCASE THEIR WORK AND SELL ON CONSIGNMENT.

Program 3

Expenses: $22,142 Revenue: $20,661

ARTS ON MAIN OFFERS CLASSES IN A WIDE VARIETY OF DISCIPLINES. IN ADDITION, THE ORGANIZATION SPONSORS AN ART CLASS PROGRAM FOR CHILDREN IN LOCAL PUBLIC SCHOOLS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $126,842

Program Service Revenue $116,727

Investment Income $524

Other Revenue $41,819

TOTAL REVENUE $285,912

Expense Breakdown

Grants Paid $0

Salaries & Benefits $126,534

Fundraising Expenses $8,971

Program Expenses $220,982

Other Expenses $187,632

TOTAL EXPENSES $314,166

Year-over-Year Comparison

	2022	2021	Change
Revenue	$285,912	$752,799	-0.6%
Expenses	$314,166	$336,622	-0.1%
Net Income	$-28,254	$416,177	-1.1%

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

Employees

Volunteers

100

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
HUGH BRYAN	CHAIR	10.00	Officer Director	$0	$0	$0
VICTORIA DREELIN	TREASURER	10.00	Officer Director	$0	$0	$0
WILLARD GRANT	DIRECTOR	4.00	Director	$0	$0	$0
RICHARD GRIFFIN	DIRECTOR	4.00	Director	$0	$0	$0
KIM HENSLEY	DIRECTOR	4.00	Director	$0	$0	$0
MARJO HOLTHAUS	DIRECTOR	4.00	Director	$0	$0	$0
MIKE IVEY	CHAIR ELECT	4.00	Officer Director	$0	$0	$0
LYNNE MANNING	PAST CHAIR	4.00	Officer Director	$0	$0	$0
JOHN MILNER	DIRECTOR	4.00	Director	$0	$0	$0
TERESA RINDERER	DIRECTOR	4.00	Director	$0	$0	$0
CAROL STEELE	DIRECTOR	4.00	Director	$0	$0	$0
JULIE STONE	DIRECTOR	4.00	Director	$0	$0	$0
YOLANDA TESCHNER	DIRECTOR	4.00	Director	$0	$0	$0
LOURDES TRAVIESO-PARKER	DIRECTOR	4.00	Director	$0	$0	$0
KATRINA WHITE-BROWN	DIRECTOR	4.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$285,912	$314,166	$1,070,770	$-28,254
2022	$752,799	$336,622	$1,107,932	$416,177
2021	$461,377	$278,237	$699,633	$183,140
2020	$309,637	$283,004	$537,371	$26,633