BEAUFORT ART ASSOCIATION (EIN 510175107) - 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

1957

Legal Domicile

Principal Officer

JoAnne Solesbee

Phone

8435214444

Tax Period

2025-01-01 to 2025-12-31

BEAUFORT ART ASSOCIATION, founded in 1957, is a small nonprofit in the Arts, Culture & Humanities sector that reported $242K in total revenue in fiscal year 2025. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $215K left a modest 11% surplus.

Mission

PROMOTE AND DISPLAY LOCAL COMMUNITY ART

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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 (2025)

Revenue Breakdown

Contributions & Grants $26,923

Program Service Revenue $215,104

Investment Income $346

Other Revenue $0

TOTAL REVENUE $242,373

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $146,012

Other Expenses $215,495

TOTAL EXPENSES $215,495

Year-over-Year Comparison

	2025	2024	Change
Revenue	$242,373	$211,477	+0.1%
Expenses	$215,495	$196,507	+0.1%
Net Income	$26,878	$14,970	+0.8%

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
Jan Glover	Directors	2	Director	$0	$0	$0
Royal Fife	Director	2	Director	$0	$0	$0
Stella Scott	Director	2	Director	$0	$0	$0
Traci Walter	Co Director Events	2	Director	$0	$0	$0
Anne Short	Co Director Events	2	Director	$0	$0	$0
Penny Beasley	VP Satellite Gallery	5	Officer	$0	$0	$0
Jo Anne Solesbee	President	5	Officer	$0	$0	$0
Julia Hetherington	Treasurer	10	Officer	$0	$0	$0
Lisa Tupper	VP MEMBERSHIP	5	Officer	$0	$0	$0
Linda Dixon	Secretary	1	Officer	$0	$0	$0
Sharon Cooper	Vice President	5	Officer	$0	$0	$0
Sandy Dimke	VP Gallery	5	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
2025	$242,373	$215,495	$99,472	$26,878
2024	$211,477	$196,507	$74,095	$14,970

BEAUFORT ART ASSOCIATION