THE ARTIST BOAT INC (EIN 562394277) - 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

2003

Legal Domicile

Principal Officer

KARLA KLAY

Phone

4096320388

Tax Period

2023-09-01 to 2024-08-31

THE ARTIST BOAT INC, founded in 2003, is a community nonprofit in the Environment sector that reported $8.2M in total revenue in fiscal year 2023. Revenue surged 132% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.9M, a strong 84% operating margin.

Mission

THE ARTIST BOAT, INC. IS DEDICATED TO PROMOTING AWARENESS AND PRESERVATION OF COASTAL MARGINS AND THE MARINE ENVIRONMENT THROUGH THE DISCIPLINES OF THE SCIENCES AND THE ARTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,583,939

Program Service Revenue $227,351

Investment Income $82,040

Other Revenue $334,862

TOTAL REVENUE $8,228,192

Expense Breakdown

Grants Paid $0

Salaries & Benefits $695,504

Fundraising Expenses $177,888

Program Expenses $758,339

Other Expenses $586,744

TOTAL EXPENSES $1,282,248

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,228,192	$3,545,240	+1.3%
Expenses	$1,282,248	$1,281,740	+0.0%
Net Income	$6,945,944	$2,263,500	+2.1%

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

Employees

Volunteers

441

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
KARLA KLAY	EXECUTIVE DIRECTOR	40.00		$156,563	$0	$156,563
KEITH G LITTLE	President	3.00	Officer Director	$0	$0	$0
Nancy Greenfield	Vice President	2.00	Officer Director	$0	$0	$0
Douglas Little	Vice President	2.00	Officer Director	$0	$0	$0
Heather L Lingle	Secretary	2.00	Officer Director	$0	$0	$0
Michael McNeely	Treasurer	2.00	Officer Director	$0	$0	$0
Scott Duhon	Director	2.00	Director	$0	$0	$0
Kim Kirschner	Director	2.00	Director	$0	$0	$0
Brenda Weiser	Director	2.00	Director	$0	$0	$0
Jeri Kinnear	Director	2.00	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	$8,228,192	$1,282,248	$25,625,329	$6,945,944
2023	$3,545,240	$1,281,740	$18,434,960	$2,263,500
2023	$3,545,240	$1,281,740	$18,434,960	$2,263,500
2022	$3,089,055	$1,350,506	$16,204,538	$1,738,549

THE ARTIST BOAT INC