SUFFOLK ART LEAGUE (EIN 510208914) - 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

1976

Legal Domicile

Phone

7579250448

Tax Period

2024-06-01 to 2025-05-31

SUFFOLK ART LEAGUE, founded in 1976, is a small nonprofit in the Arts, Culture & Humanities sector that reported $220K in total revenue in fiscal year 2022. Revenue surged 89% from the prior year, signaling strong growth momentum. The organization ran a surplus of $39K, a strong 18% operating margin.

Mission

THE SUFFOLK ART LEAGUE IS A STATEWIDE PARTNER OF THE VIRGINIA MUSUEM OF FINE ARTS, RICHMOND AND WAS ESTABLISHED 1.) TO FUNCTION AS A COMMUNITY ORIENTED FINE ARTS ORGANIZATION AND 2) TO ASSIST THE VIRGINIA MUSEUM IN FULFILLING ITS LEGISLATIVE MANDATE "TO BRING EDUCATION IN THE ARTS TO ALL VIRGINIANS". FOUNDED IN 1976, THE SUFFOLK ART LEAGUE PROVIDES AND ENCOURAGES ACTIVITIES THAT WILL INCREASE THE UNDERSTANDING AND ENJOYMENT OF THE ARTS BY THE CITIZENS OF SUFFOLK AND THE SURROUNDING COMMUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $199,985

Program Service Revenue $100,152

Investment Income $19,344

Other Revenue $0

TOTAL REVENUE $319,481

Expense Breakdown

Grants Paid $7,600

Salaries & Benefits $101,769

Fundraising Expenses $0

Program Expenses $103,699

Other Expenses $111,930

TOTAL EXPENSES $221,299

Year-over-Year Comparison

	2024	2023	Change
Revenue	$319,481	$219,440	+0.5%
Expenses	$221,299	$207,434	+0.1%
Net Income	$98,182	$12,006	+7.2%

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

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
MARIE BAKER	President	2.00	Officer	$0	$0	$0
JOHN PRUITT	PAST PRESIDENT	2.00	Officer	$0	$0	$0
CINDY LANE	REC Secretary	2.00	Officer	$0	$0	$0
CAROL JOHANNINGSMEIER	Treasurer	4.00	Officer	$0	$0	$0
ED WHITE	1ST VICE PRES	2.00	Officer	$0	$0	$0
LOUVENIA MILTEER	2ND VICE PRES	2.00	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
2025	$319,481	$221,299	$461,553	$98,182
2024	$219,440	$207,434	$361,505	$12,006
2023	$219,877	$180,496	$346,592	$39,381

SUFFOLK ART LEAGUE