BATH COUNTY ARTS ASSOCIATION

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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

1965

Legal Domicile

Principal Officer

SUE HIRSH

Phone

5409583624

Tax Period

2024-01-01 to 2024-12-31

BATH COUNTY ARTS ASSOCIATION, founded in 1965, is a small nonprofit in the Arts, Culture & Humanities sector that reported $202K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $67K, a strong 33% operating margin.

Mission

TO ENCOURAGE PARTICIPATION IN, AND APPRECIATION OF THE ARTS IN BATH COUNTY, VIRGINIA

Program Service Accomplishments

Program 1

Expenses: $92,123 Revenue: $77,554

GRANTS AND OTHER SUPPORT FOR COMMUNITY ARTS PROGRAMS AND OTHER EVENTS PROMOTING AND CELEBRATING ART INCLUDING AN ANNUAL ART SHOW TO SHOWCASE TALENT AND ENCOURAGE INTEREST AND APPRECIATION OF ART

Program 2

Expenses: $25,236 Revenue: $0

GRANTS FOR ART EDUCATION IN SCHOOLS AND SCHOLARSHIPS FOR INDIVIDUALS PURSUING ART EDUCATION IN COLLEGES OR UNIVERSITIES

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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 $120,814

Program Service Revenue $77,554

Investment Income $13,894

Other Revenue $-10,104

TOTAL REVENUE $202,158

Expense Breakdown

Grants Paid $64,204

Salaries & Benefits $0

Fundraising Expenses $1,750

Program Expenses $117,359

Other Expenses $70,759

TOTAL EXPENSES $134,963

Year-over-Year Comparison

	2024	2023	Change
Revenue	$202,158	$155,361	+0.3%
Expenses	$134,963	$90,580	+0.5%
Net Income	$67,195	$64,781	+0.0%

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
LEIGH D JOHNSON	CHAIR	N/A	Officer Director	$0	$0	$0
NORVELL WHITAKER	VICE CHAIR	N/A	Officer Director	$0	$0	$0
LINDA N CAULEY	SECRETARY	N/A	Officer Director	$0	$0	$0
SUE HIRSH	TREASURER	N/A	Officer Director	$0	$0	$0
MOLLY HAYNES	DIRECTOR	N/A	Director	$0	$0	$0
NORM BRINKMAN	DIRECTOR	N/A	Director	$0	$0	$0
KIT BURNETT	DIRECTOR	N/A	Director	$0	$0	$0
RACHEL CAMACHO	DIRECTOR	N/A	Director	$0	$0	$0
JIL HARRIS	DIRECTOR	N/A	Director	$0	$0	$0
ALLYSON LEMAY	DIRECTOR	N/A	Director	$0	$0	$0
DEBORAH MILLS	DIRECTOR	N/A	Director	$0	$0	$0
CRIT RICHARDSON	DIRECTOR	N/A	Director	$0	$0	$0
LIBBY ROBERTSON	DIRECTOR	N/A	Director	$0	$0	$0
WILLIE SMITH	DIRECTOR	N/A	Director	$0	$0	$0
MARGARET VALENTINE	DIRECTOR	N/A	Director	$0	$0	$0
KATHRYN WEST	DIRECTOR	N/A	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	$202,158	$134,963	$392,709	$67,195