BARRIER ISLAND GROUP FOR THE ARTS (EIN 591956939) - 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

1979

Principal Officer

LEE ELLEN HARDER

Phone

9494708331

Tax Period

2024-07-01 to 2025-06-30

BARRIER ISLAND GROUP FOR THE ARTS, founded in 1979, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.5M in total revenue in fiscal year 2024. Net assets of $9.2M represent 44 months of operating reserves.

Mission

TO CREATE GREAT ARTS, ENTERTAINMENT AND LEARNING EXPERIENCES THAT ALWAYS INSPIRE, ENRICH AND DELIGHT.

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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 $1,085,920

Program Service Revenue $1,220,195

Investment Income $234,635

Other Revenue $5,590

TOTAL REVENUE $2,546,340

Expense Breakdown

Grants Paid $30,000

Salaries & Benefits $1,132,426

Fundraising Expenses $299,680

Program Expenses $1,301,568

Other Expenses $1,594,471

TOTAL EXPENSES $2,756,897

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,546,340	$2,655,403	0.0%
Expenses	$2,756,897	$2,801,481	0.0%
Net Income	$-210,557	$-146,078	+0.4%

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

$140,580

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEE ELLEN HARDER	EXECUTIVE DI	40.00	Officer	$127,892	$12,688	$140,580
GUSTAV CHRISTENSEN	TRUSTEE/DIRE	2.00	Director	$0	$0	$0
SCOT CONGRESS	TRUSTEE/DIRE	2.00	Director	$0	$0	$0
CARMEN COURTER	DIRECTOR	2.00	Director	$0	$0	$0
DAVID LOWDEN	TREASURER &	2.00	Officer Director	$0	$0	$0
DON RICE	DEMERITUS	2.00	Director	$0	$0	$0
RENE SAVARISE	CHAIR	2.00	Officer Director	$0	$0	$0
BOB WIESEMANN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MIKE WOOD	DIRECTOR	2.00	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	$2,546,340	$2,756,897	$9,481,182	$-210,557
2024	$2,655,403	$2,801,481	$9,665,193	$-146,078
2023	$2,250,108	$1,804,095	$9,251,753	$446,013
2022	$3,342,264	$2,356,468	$8,475,044	$985,796
2022	$3,379,888	$2,393,880	$8,475,044	$986,008
2021	$3,470,715	$1,904,023	$11,337,341	$1,566,692
2020	$4,385,427	$2,075,018	$10,388,360	$2,310,409
2019	$7,755,719	$2,015,827	$18,502,586	$5,739,892

BARRIER ISLAND GROUP FOR THE ARTS