KELLY FITZPATRICK MEMORIAL GALLERY INC (EIN 464046487) - 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

2013

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

KELLY FITZPATRICK MEMORIAL GALLERY INC, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $411K in total revenue in fiscal year 2022. Revenue surged 115% from the prior year, signaling strong growth momentum. The organization ran a surplus of $273K, a strong 66% operating margin.

Mission

TO ENGAGE, INSPIRE AND EDUCATE ARTISTS AND THE PUBLIC AT LARGE BY PROMOTING LOCAL AND REGIONAL VISUAL ARTS THROUGH THE COLLECTION, RECOGNITION, DOCUMENTATION, AND THE PUBLICATION OF RELEVANT WORKS OF AMERICAN ART.

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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 $389,380

Program Service Revenue $0

Investment Income $0

Other Revenue $68,605

TOTAL REVENUE $457,985

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,868

Fundraising Expenses $0

Program Expenses $216,300

Other Expenses $162,183

TOTAL EXPENSES $219,051

Year-over-Year Comparison

	2023	2022	Change
Revenue	$457,985	$410,956	+0.1%
Expenses	$219,051	$137,906	+0.6%
Net Income	$238,934	$273,050	-0.1%

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

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
TRA COSBY	FUNDRAISING	3.00	Officer	$0	$0	$0
WAYNE TURNER	FACILITIES CHAIR	3.00	Officer	$0	$0	$0
JUNE CARPENTER	RECORDING SECRETARY	3.00	Officer	$0	$0	$0
CHARLOTTE WHETSTONE	BOARD MEMBER	3.00	Officer	$0	$0	$0
BETH COLEMAN	SPECIAL EVENTS	3.00	Officer	$0	$0	$0
ASHLEY COUSIONS	BOARD MEMBER	3.00	Officer	$0	$0	$0
LINDA LEWIS	VICE PRESIDENT	10.00	Officer	$0	$0	$0
BELYN RICHARDSON	PRESIDENT	20.00	Officer	$0	$0	$0
ERIN ROGERS	RECORDING SECRETARY	3.00	Officer	$0	$0	$0
MARK JENNINGS	TREASURER	5.00	Officer	$0	$0	$0
LYNDA FAIN	FINANCIAL SECRETARY	15.00	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	$457,985	$219,051	$1,338,738	$238,934
2022	$410,956	$137,906	$1,093,973	$273,050

KELLY FITZPATRICK MEMORIAL GALLERY INC