Gainesville, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Gainesville Fine Arts Association, founded in 1973, is a small nonprofit that reported $156K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $189K exceeded revenue, resulting in a 21% operating deficit.
Gainesville Fine Arts Association (GFAA) is dedicated to supporting visual arts through exhibitions, workshops and programming.
GFAA Gallery Exhibitions: The Gallery hosted 15 onsite exhibitions in 2024 with online versions of each exhibition, and provided programming to expand audience viewing. The exhibits featured 250...
GFAA Gallery Exhibitions: The Gallery hosted 15 onsite exhibitions in 2024 with online versions of each exhibition, and provided programming to expand audience viewing. The exhibits featured 250 artists showing varied pieces of work; awards and recognition were given to recognize works of merit. Artists are also featured in the gift shop where they can exhibit a collection of small paintings and 3-D items, such as sculptures, ceramics, cards, and jewelry.
Workshops, Classes, Networking, and Mentoring: In 2024 GFAA hosted 5 workshops, continued the weekly Open Studio program, and the monthly Artists Meet-Up events where the artists come together to...
Workshops, Classes, Networking, and Mentoring: In 2024 GFAA hosted 5 workshops, continued the weekly Open Studio program, and the monthly Artists Meet-Up events where the artists come together to talk about the work in the current exhibitions. 4 quarterly member meetings were held with engaging guest speakers.
Community Outreach Exhibitions, Activities, and Community Collaborations: In 2024, GFAA continued to offer ongoing exhibits in community public venues, including a major medical plaza, restaurants...
Community Outreach Exhibitions, Activities, and Community Collaborations: In 2024, GFAA continued to offer ongoing exhibits in community public venues, including a major medical plaza, restaurants, and a church. We held our annual Studio Tour where visitors can tour various artists studios; continued the collaboration with the Friends of Elementary Arts Exhibition, offered one month of in-kind week-long exhibition space to artists for solo or curated show opportunities, held our national biennial nation juried exhibition based on a book in collaboration with the Lynx Bookstore, and hosted an Afro-futurism exhibition with the University of Florida, and held a Rosewood Memorial exhibition with the Real Rosewood Foundation, Inc.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $155,905 | $181,353 | -0.1% |
| Expenses | $188,845 | $198,867 | -0.1% |
| Net Income | $-32,940 | $-17,514 | +0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Kathryn Lemle | Executive Director | 40.00 |
Officer
Director
|
$65,820 | $0 | $65,820 |
| Rebecca Hoffman | Member | 1.30 |
Director
|
$0 | $0 | $0 |
| Kyle Novak | Member | 1.30 |
Director
|
$0 | $0 | $0 |
| Wes Lindberg | Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Christine Brundige | Member | 3.00 |
Director
|
$0 | $0 | $0 |
| Charlotte Newman | Member | 1.30 |
Director
|
$0 | $0 | $0 |
| Lexi Braun | Member | 1.30 |
Director
|
$0 | $0 | $0 |
| Susan Fulford | President | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Sally Larson | Vice President | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Sara McTigue | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Kathy Faraone | Treasurer | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Eileen Sloth | Treasurer | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $155,905 | $188,845 | $149,774 | $-32,940 |
| 2023 | $181,353 | $198,867 | $180,392 | $-17,514 |
| 2022 | $202,981 | $174,560 | $199,140 | $28,421 |
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