AUGUSTA FOUNDATION FOR THE ARTS INC (EIN 581828837) - 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

1989

Legal Domicile

Principal Officer

KEVIN GROGAN

Phone

7067380478

Tax Period

2024-07-01 to 2025-06-30

AUGUSTA FOUNDATION FOR THE ARTS INC, founded in 1989, is a micro nonprofit that reported $76K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $877K exceeded revenue, resulting in a 1059% operating deficit.

Mission

TO SUPPORT THE PROGRAMS AND ACTIVITIES OF THE GREATER AUGUSTA ARTS COUNCIL, INC. BY UTILIZING THE ARTS AND CULTURAL ACTIVITIES TO IMPROVE THE QUALITY OF LIFE FOR THE RESIDENCES OF AUGUSTA.

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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 $0

Program Service Revenue $0

Investment Income $75,735

Other Revenue $0

TOTAL REVENUE $75,735

Expense Breakdown

Grants Paid $869,946

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $877,463

Other Expenses $7,517

TOTAL EXPENSES $877,463

Year-over-Year Comparison

	2024	2023	Change
Revenue	$75,735	$82,177	-0.1%
Expenses	$877,463	$7,347	+118.4%
Net Income	$-801,728	$74,830	-11.7%

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
KEVIN GROGAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAYTON L SHERROUSE	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
BRENDA DURANT	BOARD MEMBER	1.00	Director	$0	$0	$0
DENNIS SKELLY	BOARD MEMBER	1.00	Director	$0	$0	$0
PAIGE TOM	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	$75,735	$877,463	No data	$-801,728
2024	No data	No data	No data	No data
2023	$35,743	$7,548	$729,692	$28,195
2022	$35,069	$9,916	$688,924	$25,153
2021	$31,195	$9,011	$770,862	$22,184
2020	$18,629	$8,226	$645,884	$10,403
2019	$18,332	$7,048	$617,450	$11,284
2018	$10,488	$6,725	$575,080	$3,763

AUGUSTA FOUNDATION FOR THE ARTS INC