Queen Annes County Arts Council (EIN 521160383) - 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

1977

Legal Domicile

Principal Officer

Allison Moffatt

Phone

4107582520

Tax Period

2024-07-01 to 2025-06-30

Queen Annes County Arts Council, founded in 1977, is a small nonprofit in the Arts, Culture & Humanities sector that reported $259K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $305K exceeded revenue, resulting in a 18% operating deficit.

Mission

We are a private nonprofit corporation founded to promote encourage visual performing and cultural arts in Queen Annes County MD

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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 $246,634

Program Service Revenue $8,686

Investment Income $2,389

Other Revenue $1,620

TOTAL REVENUE $259,329

Expense Breakdown

Grants Paid $43,025

Salaries & Benefits $174,085

Fundraising Expenses $5,687

Program Expenses $280,665

Other Expenses $87,914

TOTAL EXPENSES $305,024

Year-over-Year Comparison

	2024	2023	Change
Revenue	$259,329	$297,108	-0.1%
Expenses	$305,024	$340,623	-0.1%
Net Income	$-45,695	$-43,515	+0.1%

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

137

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
RICHARD STRITTMATER	Exec Dir 2024	40.00	Highest	$67,158	$0	$67,158
ANN SHARP	Chair	0.00	Officer Director	$0	$0	$0
KIM CANTRELL	Member	0.00	Director	$0	$0	$0
FERN M LOOS BEU	Treasurer	0.00	Officer Director	$0	$0	$0
SUE HADDOX	Vice Chair	0.00	Officer Director	$0	$0	$0
DOTTIE CLARK	Member	0.00	Director	$0	$0	$0
COLEMAN SELLERS	Member	0.00	Director	$0	$0	$0
KATIE METZGER	Secretary	0.00	Officer Director	$0	$0	$0
KATELYN BLACKBURN	Member	0.00	Director	$0	$0	$0
ANN CRANE HARLAN	Member	0.00	Director	$0	$0	$0
KELSEY REED	Member	0.00	Director	$0	$0	$0
THERESA SHARP	Member	0.00	Director	$0	$0	$0
PATRICIA FOX	Member	0.00	Director	$0	$0	$0
NANCY EMERICK	Member	0.00	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	$259,329	$305,024	$827,510	$-45,695
2024	$297,108	$340,623	$867,815	$-43,515
2023	$336,688	$298,042	$964,806	$38,646
2022	$230,536	$245,570	$859,816	$-15,034
2021	$336,404	$268,604	$895,248	$67,800
2020	$204,057	$217,308	$827,178	$-13,251
2019	$427,994	$233,926	$820,376	$194,068

Queen Annes County Arts Council