NEWPORT NEWS PUBLIC ART FOUNDATION

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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

2001

Legal Domicile

Principal Officer

BETH MOORE

Phone

7573693014

Tax Period

2024-07-01 to 2025-06-30

NEWPORT NEWS PUBLIC ART FOUNDATION, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $300K in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $288K left a modest 4% surplus.

Mission

NEWPORT NEWS PUBLIC ART FOUNDATION STRIVES TO MAKE NEWPORT NEWS, VIRGINIA AN APPEALING PLACE TO LIVE, WORK, AND DO BUSINESS BY INSTALLING WORKS OF ART BY EMINENT SCULPTORS FROM AROUND THE WORLD IN HIGH-VISIBILITY PLACES, AND BY WORKING TO ENGAGE THE COMMUNITY THROUGH EDUCATION AND OUTREACH, SO THE PUBLIC NOTICES, ENJOYS, AND APPRECIATES THE ART AROUND THEM.

Program Service Accomplishments

Program 1

Expenses: $140,110

COMMISSIONING, INSTALLING, AND MAINTAINING PUBLIC SCULPTURES IN NEWPORT NEWS, VIRGINIA - INCLUDES INFORMATIONAL PLAQUES.

Program 2

Expenses: $98,884

EDUCATION AND OUTREACH TO HELP THE PUBLIC ENJOY AND APPRECIATE THE PUBLIC SCULPTURES IN NEWPORT NEWS, VIRGINIA. INCLUDING MAINTAINING AN INFORMATIONAL WEBSITE AND AUDIO TOUR MOBILE APP FOR THE PUBLIC...

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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 $293,034

Program Service Revenue $0

Investment Income $6,992

Other Revenue $0

TOTAL REVENUE $300,026

Expense Breakdown

Grants Paid $0

Salaries & Benefits $89,638

Fundraising Expenses $10,789

Program Expenses $238,994

Other Expenses $198,737

TOTAL EXPENSES $288,375

Year-over-Year Comparison

	2024	2023	Change
Revenue	$300,026	$480,146	-0.4%
Expenses	$288,375	$471,500	-0.4%
Net Income	$11,651	$8,646	+0.3%

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

$64,234

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT L FREEMAN JR	FOUNDING CHAIR EMERITUS	1.00	Director	$0	$0	$0
JEFFREY STODGHILL AIA	CHAIR	2.00	Officer Director	$0	$0	$0
BETH W MOORE CPA	TREASURER	1.00	Officer Director	$0	$0	$0
DIANA LOVECCHIO	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANNE NOLAND EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
IRVING B GOLDSTEIN ESQ	DIRECTOR	1.00	Director	$0	$0	$0
DR TOM WESSELLS JR	DIRECTOR	1.00	Director	$0	$0	$0
GINA FITZHUGH WILSON	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN C ALLEN III	DIRECTOR	1.00	Director	$0	$0	$0
ERIC BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
MIKE DOUCETTE	CHAIR OF FUNDRAISING	1.00	Officer Director	$0	$0	$0
THE HONORABLE JOHN R ELEY III	EX-OFFICIO CITY COUNCIL REP.	1.00	Director	$0	$0	$0
WILLIAM GRACE	DIRECTOR	1.00	Director	$0	$0	$0
ASA JACKSON	EX-OFFICIO DIRECTOR	1.00	Director	$0	$0	$0
AKSHAR PATEL	DIRECTOR	1.00	Director	$0	$0	$0
HAROLD L ROACH JR	DIRECTOR	1.00	Director	$0	$0	$0
KATIE SHEEHAN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
KAREN TURNER WARD PHD	DIRECTOR	1.00	Director	$0	$0	$0
BECCA SIDMAN	EXECUTIVE DIRECTOR	40.00	Director	$64,234	$0	$64,234

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	$300,026	$288,375	$254,638	$11,651
2024	$480,146	$471,500	$242,637	$8,646
2019	$135,242	$152,155	$282,561	$-16,913