NEW SPIRE ARTS 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

2013

Legal Domicile

Principal Officer

DELLA C COLVILLE

Phone

3012289303

Tax Period

2022-07-01 to 2023-06-30

NEW SPIRE ARTS INC, founded in 2013, is a micro nonprofit that reported $22K in total revenue in fiscal year 2022. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $55K exceeded revenue, resulting in a 149% operating deficit.

Mission

NEW SPIRE ARTS INSPIRES CREATIVE ENGAGEMENT FROM ALL FACETS OF THE COMMUNITY BY PROVIDING PROGRAMMING AND EDUCATION IN, ABOUT, AND THROUGH THE PERFORMING ARTS.

Program Service Accomplishments

Program 1

Expenses: $17,375

PROVIDED ARTS EDUCATION IN THE FREDERICK COUNTY COMMUNITY BY PROVIDING PROGRAMMING CENTERED AROUND LIVE MUSIC AND THE PERFORMING ARTS, ACCCESSIBLE TO ALL AGES. WE CURATE VIBRANT, UNIQUE, AND...

PROVIDED ARTS EDUCATION IN THE FREDERICK COUNTY COMMUNITY BY PROVIDING PROGRAMMING CENTERED AROUND LIVE MUSIC AND THE PERFORMING ARTS, ACCCESSIBLE TO ALL AGES. WE CURATE VIBRANT, UNIQUE, AND UNFORGETTABLE EVENTS AND EXPERIENCES FEATURING A MIX OF TOURING ARTISTS, MUSICIANS, AND PERFORMERS AND COLLABORATION WITH LOCAL ARTS ORGANIZATIONS AND ASPIRING ARTISTS.

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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 $5,952

Program Service Revenue $0

Investment Income $10

Other Revenue $16,069

TOTAL REVENUE $22,031

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,845

Fundraising Expenses $1,913

Program Expenses $17,375

Other Expenses $39,039

TOTAL EXPENSES $54,884

Year-over-Year Comparison

	2022	2021	Change
Revenue	$22,031	$232,352	-0.9%
Expenses	$54,884	$317,130	-0.8%
Net Income	$-32,853	$-84,778	-0.6%

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

N/A

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
DELLA C COLVILLE	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
MATT LIVELSBERGER	SECRETARY	5.00	Officer Director	$0	$0	$0
MANO KOILPILLAI	TREASURER	5.00	Officer Director	$0	$0	$0
STEPHANIE WEIGELT	DIRECTOR	1.00	Director	$0	$0	$0
RAMENTA COTTRELL	DIRECTOR	1.00	Director	$0	$0	$0
RICK WELDON	DIRECTOR	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
2023	$22,031	$54,884	$33,204	$-32,853
2023	$-14,378	$7,567	No data	$-21,945
2022	$232,352	$317,130	$55,480	$-84,778
2021	$240,108	$310,436	$142,358	$-70,328
2020	$366,624	$387,323	$220,293	$-20,699
2019	$977,662	$767,970	$279,963	$209,692