CHARLOTTE COUNTY ART GUILD INC (EIN 596192800) - 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

1985

Legal Domicile

Principal Officer

ROSWITHA ASKEW-HERGENHAN

Phone

9416398810

Tax Period

2024-06-01 to 2025-05-31

CHARLOTTE COUNTY ART GUILD INC, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $473K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $659K exceeded revenue, resulting in a 39% operating deficit.

Mission

TO PROMOTE THE ARTS

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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 $160,883

Program Service Revenue $196,595

Investment Income $3,328

Other Revenue $112,431

TOTAL REVENUE $473,237

Expense Breakdown

Grants Paid $0

Salaries & Benefits $273,139

Fundraising Expenses $0

Program Expenses $523,446

Other Expenses $385,430

TOTAL EXPENSES $658,569

Year-over-Year Comparison

	2024	2023	Change
Revenue	$473,237	$694,199	-0.3%
Expenses	$658,569	$709,746	-0.1%
Net Income	$-185,332	$-15,547	+10.9%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSWITHA ASKEW-HERGENHAN	President	1.00	Officer Director	$0	$0	$0
JOANNA BOECKL	Treasurer	1.00	Officer Director	$0	$0	$0
STACY CALVINO	Vice President	1.00	Director	$0	$0	$0
ELIZABETH LOMBARDO	Secretary	1.00	Director	$0	$0	$0
KIMBERLY BOLYARD	Director	1.00	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	$473,237	$658,569	$617,472	$-185,332
2024	$694,199	$709,746	$746,762	$-15,547
2023	$669,421	$610,424	$759,536	$58,997
2022	$719,021	$649,986	$704,070	$69,035
2021	$419,024	$462,046	$631,062	$-43,022
2020	$629,179	$510,874	$640,201	$118,305
2019	$691,055	$579,054	$512,984	$112,001

CHARLOTTE COUNTY ART GUILD INC