POCOSIN ARTS INC (EIN 561881210) - 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

C JAMES MEYER

Phone

2527962787

Tax Period

2024-07-01 to 2025-06-30

POCOSIN ARTS INC, founded in 1994, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.2M left a modest 5% surplus.

Mission

CONNECTING PEOPLE TO LIFELONG LEARNING AND APPRECIATION OF THE ARTS THROUGH ONLINE AND ON-CAMPUS CLASSES, WORKSHOPS, ARTIST RESIDENCIES, GALLERY SALES AND EXHIBITIONS.

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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 $648,899

Program Service Revenue $508,909

Investment Income $7,342

Other Revenue $51,746

TOTAL REVENUE $1,216,896

Expense Breakdown

Grants Paid $0

Salaries & Benefits $472,259

Fundraising Expenses $229,520

Program Expenses $663,336

Other Expenses $686,942

TOTAL EXPENSES $1,159,201

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,216,896	$1,085,435	+0.1%
Expenses	$1,159,201	$1,130,975	+0.0%
Net Income	$57,695	$-45,540	-2.3%

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

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

$124,640

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARLENE TRUE	FORMER EXECU	40.00	Officer	$108,807	$0	$108,807
GRETCHEN SCHERMERHORN	EXECUTIVE DI	40.00	Officer	$15,833	$0	$15,833
CHRISTINA BOY	BOARD MEMBER	1.00	Director	$0	$0	$0
KIRSTIN BRADLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
BRENDA BRICKHOUSE	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLISON BRUSKO	TREASURER	2.00	Officer Director	$0	$0	$0
BLAIR CLEMO	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN ELLISON	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLE JAQUARD	BOARD MEMBER	1.00	Director	$0	$0	$0
ROGER MANLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN MCCANN	BOARD MEMBER	1.00	Director	$0	$0	$0
C JAMES MEYER	PRESIDENT	3.00	Officer Director	$0	$0	$0
SHERLYN PITT	BOARD MEMBER	1.00	Director	$0	$0	$0
SANDI SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE WALLACE	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
2025	$1,216,896	$1,159,201	$4,064,080	$57,695
2024	$1,085,435	$1,130,975	$4,051,690	$-45,540
2023	$1,005,180	$950,293	$4,171,625	$54,887
2022	$1,323,495	$891,036	$4,342,247	$432,459
2021	$2,263,409	$760,545	$3,627,499	$1,502,864
2020	$470,934	$445,134	$2,096,967	$25,800
2019	$360,530	$436,077	$2,068,702	$-75,547
2018	$435,262	$392,428	$2,038,389	$42,834

POCOSIN ARTS INC