PETERSBURG AREA ART LEAGUE

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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

1932

Legal Domicile

Principal Officer

WILLIAM D NICHOLSON

Phone

7602007221

Tax Period

2022-07-01 to 2023-06-30

PETERSBURG AREA ART LEAGUE, founded in 1932, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $91K in total revenue in fiscal year 2022. Revenue surged 129% from the prior year, signaling strong growth momentum. Expenses of $125K exceeded revenue, resulting in a 38% operating deficit.

Mission

SERVES AS A CENTRAL FACILITY FOR THE ARTS BY PROMOTING EDUCATIONAL CULTURAL AND CHARITABLE INTEREST IN THE PETERSBURG REGION.

Program Service Accomplishments

Program 1

Expenses: $123,528

THE ORGANIZATION PROMOTES AND NURTURES THE VISUAL ARTS IN THE TRI CITIES ARE BY EXHIBITING ART WORK IN ITS GALLERY, PROVIDING ART CLASSES, AND GIVING LOCAT ARTISTS THE OPPORTUNITY TO SELL ARTWORK.

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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 (2022)

Revenue Breakdown

Contributions & Grants $76,959

Program Service Revenue $12,292

Investment Income $32

Other Revenue $1,350

TOTAL REVENUE $90,633

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $123,528

Other Expenses $124,775

TOTAL EXPENSES $124,775

Year-over-Year Comparison

	2022	2021	Change
Revenue	$90,633	$39,529	+1.3%
Expenses	$124,775	$69,595	+0.8%
Net Income	$-34,142	$-30,066	+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

N/A

Employees

N/A

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
DAVID BARTLETT	Director	0.00	Director	$0	$0	$0
MIGUEL CARTER-FISHER	Director	0.00	Director	$0	$0	$0
WILIKIN ESTREMERA	Director	0.00	Director	$0	$0	$0
LISA MISTRY	Director	0.00	Director	$0	$0	$0
C ALEXANDER GUZMAN	Director	0.00	Director	$0	$0	$0
TIARA RUSSELL	Director	0.00	Director	$0	$0	$0
ROD GIVENS	Director	0.00	Director	$0	$0	$0
SILVIA JOHNSON	Director	0.00	Director	$0	$0	$0
AUSTIN MILES	Director	0.00	Director	$0	$0	$0
CATHERINE VENABLE	Director	0.00	Director	$0	$0	$0
PEDRO LEDESMA III	Director	0.00	Director	$0	$0	$0
DAVID BREIDENBACH	Director	0.00	Director	$0	$0	$0
WILLIAM D NICHOLSON	President	1.00	Officer	$0	$0	$0
CYNDI KOE	Vice President	1.00	Officer	$0	$0	$0
JESSE ROSS	Treasurer	1.00	Officer	$0	$0	$0
RICK CLEMENTS	Secretary	1.00	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	No data	No data	No data	No data
2023	$90,633	$124,775	$864,141	$-34,142
2022	$39,529	$69,595	$898,283	$-30,066
2021	$74,332	$49,717	$928,044	$24,615
2021	$61,846	$38,417	$928,044	$23,429
2020	$53,172	$44,294	$905,929	$8,878
2019	$31,375	$34,289	$897,035	$-2,914