Kent Island Federation of Arts Inc (EIN 521292410) - 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

1994

Legal Domicile

Principal Officer

Margaret Tessier

Phone

4106437424

Tax Period

2024-01-01 to 2024-12-31

Kent Island Federation of Arts Inc, founded in 1994, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $89K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Net assets of $452K represent 61 months of operating reserves.

Mission

Promoting the arts

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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 $42,313

Program Service Revenue $24,694

Investment Income $19,938

Other Revenue $1,782

TOTAL REVENUE $88,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,265

Program Expenses $65,328

Other Expenses $91,254

TOTAL EXPENSES $91,254

Year-over-Year Comparison

	2024	2023	Change
Revenue	$88,727	$68,853	+0.3%
Expenses	$91,254	$99,471	-0.1%
Net Income	$-2,527	$-30,618	-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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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	Role	Reportable Comp	Other Comp	Total
REBECCA PLACEK	Director	Director	$0	$0	$0
MARGARET TESSIER	Executive Director	Officer Director	$0	$0	$0
DARLENE CONLEY	President	Officer Director	$0	$0	$0
LAURA KEENE	Director	Director	$0	$0	$0
VICKI SPINELLI	Vice President	Officer Director	$0	$0	$0
JUDY TUCKER	Director	Director	$0	$0	$0
STEPHANIE ZEILER	Director	Director	$0	$0	$0
PAT SPINELLA	Director	Director	$0	$0	$0
MARY-LYNNE NEIL	Secretary	Officer Director	$0	$0	$0
MARY ANN BUCKLEY	Treasurer	Officer Director	$0	$0	$0
KRISTIN TULL	Director	Director	$0	$0	$0
MELISSA CRAIG	Director	Director	$0	$0	$0
MAUREEN WHEATLEY	Director	Director	$0	$0	$0
SUSAN ELEAZER	Director	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
2024	$88,727	$91,254	$452,422	$-2,527
2023	$68,853	$99,471	$454,949	$-30,618
2022	$520,091	$77,656	$485,567	$442,435

Kent Island Federation of Arts Inc