ISLAND ART ASSOCIATION INC (EIN 592353054) - 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

1983

Legal Domicile

Phone

9042064466

Tax Period

2025-01-01 to 2025-12-31

ISLAND ART ASSOCIATION INC, founded in 1983, is a small nonprofit that reported $370K in total revenue in fiscal year 2025. The organization ran a surplus of $100K, a strong 27% operating margin.

Mission

ART EDUCATION, APPRECIATION, AND DEVELOPMENT

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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 (2025)

Revenue Breakdown

Contributions & Grants $197,223

Program Service Revenue $164,724

Investment Income $170

Other Revenue $7,736

TOTAL REVENUE $369,853

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $265,789

Other Expenses $270,042

TOTAL EXPENSES $270,042

Year-over-Year Comparison

	2025	2024	Change
Revenue	$369,853	$351,546	+0.1%
Expenses	$270,042	$273,908	0.0%
Net Income	$99,811	$77,638	+0.3%

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

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	Role	Reportable Comp	Other Comp	Total
CHRISTEN PARTLETON	TREASURER	Officer Director	$0	$0	$0
ALICE HENRY	CO-3RD VP	Officer Director	$0	$0	$0
LISBETH KRAWIECKI	PRESIDENT	Officer Director	$0	$0	$0
LAURA LEIBERT	CO-SECOND VP	Officer Director	$0	$0	$0
WILLIAM MCKENNA	CO-SECOND VP	Officer Director	$0	$0	$0
RAY MCWHORTER	CO-3RD VP	Officer Director	$0	$0	$0
LOGAN PIERSON	FIRST VP	Officer Director	$0	$0	$0
BRANDY SANDBERG	SECRETARY	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
2025	$369,853	$270,042	$929,362	$99,811
2024	$351,546	$273,908	$929,994	$77,638
2023	$275,803	$242,686	$762,905	$33,117
2023	$24,951	$9,055	$867,971	$15,896
2022	$259,728	$214,398	$739,086	$45,330
2021	$182,578	$165,347	$703,601	$17,231
2020	$112,802	$128,276	$701,374	$-15,474
2019	$251,742	$226,243	$747,417	$25,499
2018	$199,393	$150,008	$751,685	$49,385

ISLAND ART ASSOCIATION INC