North Atlantic Arts Alliance

EIN: 550887446 501(c)(3) Arts, Culture & Humanities

Hiram, ME

Total Revenue
$496,692
Total Expenses
$654,159
Total Assets
$209,530
Net Assets
$202,388
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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
2012
Legal Domicile
ME
Principal Officer
William Johnson Jr
Phone
2076258619
Tax Period
2023-01-01 to 2023-12-31

North Atlantic Arts Alliance, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $497K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $654K exceeded revenue, resulting in a 32% operating deficit.

Mission

To enrich our rural New England community by supporting live music, music education, local businesses and farms, and sustainable practices

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $20,000
Program Service Revenue $476,692
Investment Income $0
Other Revenue $0
TOTAL REVENUE $496,692

Expense Breakdown

Grants Paid $1,030
Salaries & Benefits $0
Fundraising Expenses $13,609
Program Expenses $489,403
Other Expenses $653,129
TOTAL EXPENSES $654,159

Year-over-Year Comparison

2023 2022 Change
Revenue $496,692 $402,080 +0.2%
Expenses $654,159 $378,904 +0.7%
Net Income $-157,467 $23,176 -7.8%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
50

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
4
$100,000
Total Directors
13
$100,000
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William Johnson Executive Director 20.00
Officer Director Highest
$50,000 $0 $50,000
Molly McKenna VP Secretary 20.00
Officer Director
$50,000 $0 $50,000
Rebecca Messer Treasurer 1.00
Officer Director
$0 $0 $0
Nate Burnett Board Member 1.00
Director
$0 $0 $0
Leo Norton President 1.00
Officer Director
$0 $0 $0
Alanna Scannel Board Member 1.00
Director
$0 $0 $0
Laurie Carr Board Member 1.00
Director
$0 $0 $0
Chris Westerlund Board Member 1.00
Director
$0 $0 $0
Jan Wilkes Secretary 1.00
Director
$0 $0 $0
Caitlin Johnson Board Member 1.00
Director
$0 $0 $0
Erica Hartford Board Member 1.00
Director
$0 $0 $0
Beth Burnett Board Member 1.00
Director
$0 $0 $0
Jackie Gardener Board Member 1.00
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
2024 No data No data No data No data
2023 $496,692 $654,159 $209,530 $-157,467
2022 $402,080 $378,904 $319,795 $23,176
2021 $382,246 $170,619 $296,940 $211,627
2019 $282,092 $247,080 $69,440 $35,012
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