ASSOCIATED ARTISTS OF SOUTHPORT

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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

2002

Legal Domicile

Principal Officer

ROBERT SALEMEE

Phone

9104575450

Tax Period

2024-01-01 to 2024-12-31

ASSOCIATED ARTISTS OF SOUTHPORT, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $212K in total revenue in fiscal year 2024.

Mission

EDUCATION AND PROMOTION OF THE ARTS. PAINTING AND POTTERY ART WORKSHOPS ARE OFFERED TO THE COMMUNITY THROUGHOUT THE YEAR. PROFESSIONAL INSTRUCTORS AND JUDGES ARE USED FOR TEACHING THE WORKSHOPS AND JUDGING THE SHOWS.

Program Service Accomplishments

Program 1

Expenses: $67,521

Program 2

Expenses: $34,502

YOUTH SERVICES PROGRAMS-SPECIAL EFFORT TO IMPLEMENT CHILDREN'S PROGRAMS. SOME PROGRAMS INCLUDE STUDENT INSTRUCTIONS, "ARTS IN THE PARK" EVENT, CONTESTS AND SCHOOL ART SHOWS.

Program 3

Expenses: $106,561

BUILDING USE-THE ORGANIZATION MAINTAINS THEBUILDING. IT'S UTILIZED BY VARIOUS ORGANIZATIONS WITHIN THE COMMUNITY. WORKSHOPS AND SHOWS ARE HELD THERE AND IT IS USED TO DISPLAY WORKS OF ART THAT...

BUILDING USE-THE ORGANIZATION MAINTAINS THEBUILDING. IT'S UTILIZED BY VARIOUS ORGANIZATIONS WITHIN THE COMMUNITY. WORKSHOPS AND SHOWS ARE HELD THERE AND IT IS USED TO DISPLAY WORKS OF ART THAT ATTRACT VISITORS TO THE LOCAL AREA.

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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 $85,474

Program Service Revenue $126,105

Investment Income $85

Other Revenue $0

TOTAL REVENUE $211,664

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $208,664

Other Expenses $208,664

TOTAL EXPENSES $208,664

Year-over-Year Comparison

	2024	2023	Change
Revenue	$211,664	$214,087	0.0%
Expenses	$208,664	$214,439	0.0%
Net Income	$3,000	$-352	-9.5%

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

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
MARY BETH JOHNSON	TREASURER	N/A	Officer	$0	$0	$0
RICHARD O'DONNELL	VICE-PRESIDE	N/A	Officer	$0	$0	$0
ROBERT SALEMEE	PRESIDENT	N/A	Officer	$0	$0	$0
CHRISTIAN SUTHERLAND	SECRETARY	N/A	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
2024	$211,664	$208,664	$173,403	$3,000
2023	$214,087	$214,439	$168,451	$-352
2022	$134,179	$122,050	$168,254	$12,129