FIRE ISLAND ARTIST RESIDENCY INCORPORATED (EIN 455023652) - 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

2011

Legal Domicile

Phone

4152255312

Tax Period

2024-01-01 to 2024-12-31

FIRE ISLAND ARTIST RESIDENCY INCORPORATED, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $246K in total revenue in fiscal year 2024. Revenue surged 272% from the prior year, signaling strong growth momentum. The organization ran a surplus of $58K, a strong 24% operating margin.

Mission

TO BRING BOTH NEW CREATIVE PERSPECTIVES AND PRESTIGIOUS ART PROFESSIONALS TOGETHER AND UNDERSTANDING OF QUEERNESS IN CONTEMPORARY ART.

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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 $161,090

Program Service Revenue $0

Investment Income $0

Other Revenue $84,469

TOTAL REVENUE $245,559

Expense Breakdown

Grants Paid $60,650

Salaries & Benefits $50,298

Fundraising Expenses $0

Program Expenses $87,460

Other Expenses $76,552

TOTAL EXPENSES $187,500

Year-over-Year Comparison

	2024	2023	Change
Revenue	$245,559	$66,059	+2.7%
Expenses	$187,500	$90,413	+1.1%
Net Income	$58,059	$-24,354	-3.4%

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

$48,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN VINES	PRESIDENT	5.00	Director	$0	$0	$0
KARSEN HEAGLE	VICE-PRESIDENT	5.00	Director	$0	$0	$0
KIERSTEN FELLRATH	SECRETARY	1.00	Director	$0	$0	$0
JULIA KUHN	TREASURER	1.00	Director	$0	$0	$0
AUSTIN FREMONT	MEMBER	1.00	Officer	$0	$0	$0
CHRISTOPHER BOGIA	EXECUTIVE DIRECTOR	1.00	Officer	$0	$0	$0
CHRIS VARGAS	MEMBER	1.00	Officer	$0	$0	$0
DAVID J GETSY PHD	MEMBER	1.00	Officer	$0	$0	$0
DERRICK WOODS-MURROW	MEMBER	1.00	Officer	$0	$0	$0
DOMINIC NURRE	MEMBER	1.00	Officer	$0	$0	$0
JACKSON MURLEY	MEMBER	1.00	Officer	$0	$0	$0
ERIC THOMAS-SUWALL	MEMBR	1.00	Officer	$0	$0	$0
JEREMY STEINKE	EXECUTIVE DIRECTOR	35.00	Director	$48,500	$0	$48,500

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	$245,559	$187,500	$138,825	$58,059
2024	No data	No data	No data	No data
2023	$66,059	$90,413	$87,016	$-24,354
2022	$123,176	$113,279	$116,046	$9,897

FIRE ISLAND ARTIST RESIDENCY INCORPORATED