The Art Seminar Group

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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

1988

Legal Domicile

Principal Officer

Sallye Perrin

Phone

4108791947

Tax Period

2024-01-01 to 2024-12-31

The Art Seminar Group, founded in 1988, is a small nonprofit that reported $108K in total revenue in fiscal year 2024. Expenses of $141K exceeded revenue, resulting in a 31% operating deficit.

Mission

THE MISSION OF THE ART SEMINAR GROUP IS TO FOSTER AND ENCOURAGE THE STUDY AND APPRECIATION OF THE FINE ARTS THROUGH A PROGRAM OF LECTURES, SEMINARS, AND VISITS TO ART MUSEUMS.

Program Service Accomplishments

Program 1

Expenses: $99,442 Revenue: $3,554

Present lectures and seminars on the fine arts

Program 2

Expenses: $13,931 Revenue: $13,757

Visit offsite locations to explore visual arts with experts

Program 3

Attend theater performances

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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 $76,773

Program Service Revenue $17,311

Investment Income $13,784

Other Revenue $0

TOTAL REVENUE $107,868

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $113,373

Other Expenses $141,359

TOTAL EXPENSES $141,359

Year-over-Year Comparison

	2024	2023	Change
Revenue	$107,868	$105,159	+0.0%
Expenses	$141,359	$108,871	+0.3%
Net Income	$-33,491	$-3,712	+8.0%

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
Chris Wright	Secretary	4.00	Officer	$0	$0	$0
Sherry Christhilf	Chairman	8.00	Officer	$0	$0	$0
Sallye Perrin	Treasurer	10.00	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
2024	$107,868	$141,359	$406,028	$-33,491
2023	$105,159	$108,871	$413,602	$-3,712
2022	$97,287	$126,180	$426,275	$-28,893
2021	$99,795	$98,794	$465,149	$1,001
2020	$122,500	$101,699	$467,562	$20,801
2019	$218,361	$180,963	$486,049	$37,398