Chincoteague Island Arts Org Inc (EIN 454071729) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

CHINCOTEAGUE ISLAND ARTS ORGANIZATION, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $113K in total revenue in fiscal year 2018. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $60K, a strong 53% operating margin.

Mission

TO ESTABLISH A CULTURAL ARTS CENTER ON CHINCOTEAGUE ISLAND, VA TO SHARE FILM, PERFORMING ARTS, EDUCATION PROGRAMS, AND OTHER ENTERTAINMENT WITH OUR COMMUNITY AND VISTORS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $53,226

Program Service Revenue $58,774

Investment Income $7,765

Other Revenue $-10,282

TOTAL REVENUE $109,483

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,080

Fundraising Expenses $0

Program Expenses $107,694

Other Expenses $83,965

TOTAL EXPENSES $118,045

Year-over-Year Comparison

	2023	2022	Change
Revenue	$109,483	$99,862	+0.1%
Expenses	$118,045	$134,945	-0.1%
Net Income	$-8,562	$-35,083	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET NICHOLS	DIRECTOR	5.00	Director	$0	$0	$0
JUDY TYE	DIRECTOR	5.00	Director	$0	$0	$0
ANTHONY FOSTER	SECRETARY	5.00	Director	$0	$0	$0
JEANNE KNIGHT	VICE CHAIRMAN	5.00	Director	$0	$0	$0
VIVIAN CAVALIERI	DIRECTOR	5.00	Director	$0	$0	$0
JANE PEAKE	CHAIRMAN TREASURER	20.00	Officer	$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	$109,483	$118,045	$730,121	$-8,562
2022	$99,862	$134,945	$737,679	$-35,083
2021	$117,999	$77,961	$772,532	$40,038
2020	$71,795	$61,359	$730,848	$10,436
2019	$126,874	$60,658	$723,525	$66,216
2018	$112,724	$52,974	$651,890	$59,750

Chincoteague Island Arts Org Inc