MANSHIP ARTIST RESIDENCE AND STUDIOS INC

EIN: 475404477 501(c)(3) Arts, Culture & Humanities

GLOUCESTER, MA

Total Revenue
$265,016
Total Expenses
$258,738
Total Assets
$984,666
Net Assets
$769,052
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
MA
Principal Officer
REBECCA REYNOLDS
Phone
9782830262
Tax Period
2023-07-01 to 2024-06-30

MANSHIP ARTIST RESIDENCE AND STUDIOS INC, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $265K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Net assets of $769K represent 35 months of operating reserves.

Mission

TO ENRICH THE CREATIVE AND CULTURAL HERITAGE OF CAPE ANN AND CONTINUE ITS TRADITION AS A PLACE DEDICATED TO COMMUNITY AND ART-MAKING BY OFFERING SUSTAINABLE PROGRAMMING

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $260,232
Program Service Revenue $0
Investment Income $4,584
Other Revenue $200
TOTAL REVENUE $265,016

Expense Breakdown

Grants Paid $27,152
Salaries & Benefits $61,781
Fundraising Expenses $20,172
Program Expenses $154,964
Other Expenses $149,633
TOTAL EXPENSES $258,738

Year-over-Year Comparison

2023 2022 Change
Revenue $265,016 $287,794 -0.1%
Expenses $258,738 $212,557 +0.2%
Net Income $6,278 $75,237 -0.9%
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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Governance

Voting Members
10
Independent Members
10
Employees
1
Volunteers
39

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
4
$38,000
Total Directors
9
$38,000
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REBECCA REYNOLDS EXECUTIVE DIRECTOR 60.00
Officer Director Highest
$38,000 $0 $38,000
JO-ANN CASTANO BOARD CHAIR - ACTING SECRETARY 30.00
Officer Director
$0 $0 $0
MATTHEW BABSON TREASURER 5.00
Officer
$0 $0 $0
BETSY WHITTEY ESQ VICE BOARD CHAIR 5.00
Officer Director
$0 $0 $0
DIANA NATTI THERIAULT TRUSTEE 5.00
Director
$0 $0 $0
HARRY HOGLANDER TRUSTEE 5.00
Director
$0 $0 $0
KEN KINNA TRUSTEE 5.00
Director
$0 $0 $0
PATRICIA ROSENBLATT TRUSTEE 5.00
Director
$0 $0 $0
KAREN BIRD TRUSTEE 5.00
Director
$0 $0 $0
FRED GROFF TRUSTEE 5.00
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
2025 No data No data No data No data
2024 $265,016 $258,738 $984,666 $6,278
2023 $287,794 $212,557 $982,240 $75,237
2022 $254,940 $182,058 $911,956 $72,882
2021 $107,642 $99,426 $845,130 $8,216
2020 $101,818 $100,912 $840,102 $906
2019 $140,038 $82,856 $838,796 $57,182
2018 $487,255 $108,853 $790,130 $378,402
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