FORT MYERS BEACH ART ASSOCIATION INC (EIN 591004609) - 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

1960

Legal Domicile

Principal Officer

STARLIN SHERWOOD

Phone

2394633909

Tax Period

2024-04-01 to 2025-03-31

FORT MYERS BEACH ART ASSOCIATION INC, founded in 1960, is a small nonprofit in the Arts, Culture & Humanities sector that reported $117K in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $91K, a strong 78% operating margin.

Mission

To further and provide education in the cultural aspects of life in Fort Myers Beach and its environs; to promote the study, practice and appreciation of art; to hold art exhibitions and programs open to the public; to encourage art instruction of children and junior artists.

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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 $43,922

Program Service Revenue $10,795

Investment Income $45,109

Other Revenue $17,035

TOTAL REVENUE $116,861

Expense Breakdown

Grants Paid $4,905

Salaries & Benefits $0

Fundraising Expenses $109

Program Expenses $17,028

Other Expenses $20,227

TOTAL EXPENSES $26,111

Year-over-Year Comparison

	2024	2023	Change
Revenue	$116,861	$199,950	-0.4%
Expenses	$26,111	$28,551	-0.1%
Net Income	$90,750	$171,399	-0.5%

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

111

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
Starlin Sherwood	President	30	Officer Director	$0	$0	$0
Julie Nusbaum	Vice President	30	Officer Director	$0	$0	$0
Terry Rehnborg	Director	10	Director	$0	$0	$0
Suzan Lanz	Recording Secretary	30	Officer Director	$0	$0	$0
Sheri Fischer	Director	10	Director	$0	$0	$0
Carol Baskin	Director	10	Director	$0	$0	$0
Kathy Taylor	Director	10	Director	$0	$0	$0
Suzanne Simoneau	Director	10	Director	$0	$0	$0
Michele Buelow	Director	10	Director	$0	$0	$0
Claire St Louis	Director	10	Director	$0	$0	$0
Stephen Eaton	Treasurer	30	Officer 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
2026	No data	No data	No data	No data
2025	$116,861	$26,111	$1,456,817	$90,750
2024	$199,950	$28,551	$1,359,466	$171,399
2023	$333,995	$62,604	$1,209,908	$271,391
2022	$107,315	$78,462	$1,140,880	$28,853
2021	$81,888	$74,008	$2,114,481	$7,880
2020	$72,547	$76,905	$1,103,791	$-4,358

FORT MYERS BEACH ART ASSOCIATION INC