GULF BEACH ART CENTER (EIN 591848760) - 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

1978

Legal Domicile

Principal Officer

BARBARA PARKER

Phone

7275964331

Tax Period

2023-10-01 to 2024-09-30

GULF BEACH ART CENTER, founded in 1978, is a small nonprofit in the Arts, Culture & Humanities sector that reported $322K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $311K left a modest 3% surplus.

Mission

GULF BEACH ART CENTER PROVIDES ART INSTRUCTION FOR ALL AGE GROUPS IN THE GREATER COUNTY AREA, SERVICING OVER 30,000

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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 $0

Program Service Revenue $306,657

Investment Income $12,094

Other Revenue $2,950

TOTAL REVENUE $321,701

Expense Breakdown

Grants Paid $0

Salaries & Benefits $89,957

Fundraising Expenses $0

Program Expenses $100,465

Other Expenses $220,733

TOTAL EXPENSES $310,690

Year-over-Year Comparison

	2023	2022	Change
Revenue	$321,701	$287,152	+0.1%
Expenses	$310,690	$261,250	+0.2%
Net Income	$11,011	$25,902	-0.6%

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

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

$82,994

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Irene Zafferes	ADMINISTRATOR	40.00	Key Emp	$32,200	$0	$32,200
BARBARA PARKER	PRESIDENT	25.00	Director	$0	$0	$0
ED HOOFNAGLE	DIRECTOR	20.00	Director	$0	$0	$0
MIKE TOLBERT	VP DIRECTOR	5.00	Director	$0	$0	$0
LYNDA HAMLETT	SECRETARY	20.00	Director	$0	$0	$0
LINDA KEENE	DIRECTOR	20.00	Director	$0	$0	$0
SAMUEL SHULHOF	TREASURER	20.00	Director	$0	$0	$0
PAOLO RAPIZZI	DIRECTOR	5.00	Director	$0	$0	$0
ANDREA HARMS	OPERATIONS & MARKETING	40.00	Key Emp Highest	$50,794	$0	$50,794
SALLY BETH STEINER	DIRECTOR	15.00	Director	$0	$0	$0
KIMBERLY DIVITO	DIRECTOR	5.00	Director	$0	$0	$0
ELIZABETH MORGAN	DIRECTOR	15.00	Director	$0	$0	$0
ANDREA DERRICK	DIRECTOR	2.00	Director	$0	$0	$0
JENI BOND	DIRECTOR	12.00	Director	$0	$0	$0
DAVID SCHAFFER	DIRECTOR	10.00	Director	$0	$0	$0
KRISTA CAPO	DIRECTOR	5.00	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	No data	No data	No data	No data
2024	$321,701	$310,690	$603,453	$11,011
2023	$287,152	$261,250	$621,532	$25,902
2022	$270,917	$199,595	$570,283	$71,322
2021	$164,415	$154,291	$552,904	$10,124
2020	$414,776	$181,820	$449,755	$232,956
2019	$233,082	$159,146	$338,789	$73,936
2018	$217,756	$121,986	$260,185	$95,770

GULF BEACH ART CENTER