MEETINGHOUSE ARTS (EIN 475194581) - 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

Lynn Shaffer

Phone

2078650044

Tax Period

2024-01-01 to 2024-12-31

MEETINGHOUSE ARTS, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $278K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $331K exceeded revenue, resulting in a 19% operating deficit.

Mission

The mission of Meetinghouse Arts is to cultivate Greater Freeport as a vibrant center for arts and culture by fostering creative collaborations, expanding access to arts and cultural resources, and amplifying the arts and culture as tools to economically strengthen, educate, and connect 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 (2024)

Revenue Breakdown

Contributions & Grants $156,846

Program Service Revenue $116,835

Investment Income $4,042

Other Revenue $0

TOTAL REVENUE $277,723

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,004

Fundraising Expenses $10,747

Program Expenses $298,227

Other Expenses $224,121

TOTAL EXPENSES $331,125

Year-over-Year Comparison

	2024	2023	Change
Revenue	$277,723	$314,225	-0.1%
Expenses	$331,125	$315,460	+0.0%
Net Income	$-53,402	$-1,235	+42.2%

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

$50,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Suzanne Watson	Executive Director	40	Director	$50,000	$0	$50,000
Scott Miller	Treasurer	5	Officer Director	$0	$0	$0
Kate Werner	Vice President	10	Officer Director	$0	$0	$0
Lynn Shaffer	President	20	Officer Director	$0	$0	$0
Randy Mraz	Secretary	5	Officer Director	$0	$0	$0
Jamie Peloquin	Director	10	Director	$0	$0	$0
Josie Gideon	Director	5	Director	$0	$0	$0
Shari Broder	Director	5	Director	$0	$0	$0
Sara Helman	Director	5	Director	$0	$0	$0
Paige O'Donnell	Director	5	Director	$0	$0	$0
Marcia Feller	Director	5	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	$277,723	$331,125	$723,711	$-53,402
2023	$314,225	$315,460	$662,640	$-1,235
2022	$307,625	$286,367	$663,957	$21,258
2021	$324,039	$168,042	$646,614	$155,997
2020	$539,511	$107,875	$493,641	$431,636

MEETINGHOUSE ARTS