SALISBURY ARTS ALLIANCE INC (EIN 474845564) - 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

2015

Legal Domicile

Principal Officer

JAMIE HEATER

Phone

4105439091

Tax Period

2023-01-01 to 2023-12-31

SALISBURY ARTS ALLIANCE INC, founded in 2015, is a small nonprofit that reported $134K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $120K left a modest 10% surplus.

Mission

TO ORGANIZE, ENCOURAGE, PROMOTE AND SUPPORT THE ARTISTIC AND RECREATIONAL ENDEAVORS OF PRIVATE CITIZENS, OTHER NONPROFIT ORGANIZATIONS, MUNICIPAL ENTITIES AND DEPARTMENTS, AND PUBLIC-SPIRITED BUSINESSES, IN CIVIC AND CULTURAL ACTIVITIES DESIGNED TO ESTABLISH THE CITY OF SALISBURY, MD, AS A MORE VIBRANT, ENLIGHTENED AND ECONOMICALLY THRIVING COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $133,826

Program Service Revenue $0

Investment Income $83

Other Revenue $0

TOTAL REVENUE $133,909

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,112

Fundraising Expenses $0

Program Expenses $113,780

Other Expenses $78,831

TOTAL EXPENSES $119,943

Year-over-Year Comparison

	2023	2022	Change
Revenue	$133,909	$199,933	-0.3%
Expenses	$119,943	$231,804	-0.5%
Net Income	$13,966	$-31,871	-1.4%

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

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

$38,310

Total Directors

$38,310

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMIE HEATER	EXECUTIVE DIRECTOR	40.00	Officer Director	$35,510	$2,800	$38,310
MICHAEL DAY	CHAIR	4.00	Officer Director	$0	$0	$0
RACHEL TERZICH	SECRETARY	2.00	Officer Director	$0	$0	$0
KEVIN TAYLOR	TREASURER	2.00	Officer Director	$0	$0	$0
LAURA SOPER	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN HOLT	DIRECTOR	1.00	Director	$0	$0	$0
MAARTEN PEREBOOM	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
DOM SESSA	DIRECTOR	1.00	Director	$0	$0	$0
DEMETRIA LEONARD	DIRECTOR	1.00	Director	$0	$0	$0
REENA PATEL	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
2024	No data	No data	No data	No data
2023	$133,909	$119,943	$77,039	$13,966
2022	$199,933	$231,804	$66,261	$-31,871
2021	$214,517	$211,952	$98,057	$2,565
2020	$165,404	$134,536	$94,492	$30,868
2019	$151,437	$182,953	$460,747	$-31,516
2018	$105,579	$100,963	$289,232	$4,616

SALISBURY ARTS ALLIANCE INC