EASTERN SHORE ART ASSOCIATION INC (EIN 630459459) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1954

Legal Domicile

Principal Officer

PELHAM PEARCE

Phone

2519282228

Tax Period

2023-06-01 to 2024-05-31

EASTERN SHORE ART ASSOCIATION INC, founded in 1954, is a small nonprofit in the Arts, Culture & Humanities sector that reported $728K in total revenue in fiscal year 2017. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $250K, a strong 34% operating margin.

Mission

THE MISSION OF THE ASSOCIATION IS TO CONNECT PEOPLE OF ALL AGES AND ABILITIES WITH THE ARTSTHROUGH, PARTICIPATE IN, AND ENJOY THE ARTS, THEY OFFER ONE ON ONE INSTRUCTION,

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $257,018

Program Service Revenue $353,779

Investment Income $16,839

Other Revenue $59,021

TOTAL REVENUE $686,657

Expense Breakdown

Grants Paid $0

Salaries & Benefits $270,407

Fundraising Expenses $59,553

Program Expenses $379,268

Other Expenses $469,761

TOTAL EXPENSES $740,168

Year-over-Year Comparison

	2023	2022	Change
Revenue	$686,657	$676,382	+0.0%
Expenses	$740,168	$754,613	0.0%
Net Income	$-53,511	$-78,231	-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

Volunteers

N/A

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
SHARON DEARING	DIRECTOR	1.00	Director	$0	$0	$0
PAIGE DAWSON	DIRECTOR	1.00	Director	$0	$0	$0
CARSON BAKER	SECRETARY	1.00	Officer Director	$0	$0	$0
GEOFFREY BARKIN	DIRECTOR	1.00	Director	$0	$0	$0
PATTI BURELL	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER JENKINS	PRESIDENT	5.00	Officer Director	$0	$0	$0
LENISE LIGON VIVER	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS C MEYERS MD	DIRECTOR	1.00	Director	$0	$0	$0
LISETTE NORMAN	DIRECTOR	1.00	Director	$0	$0	$0
BUDDY RUSSELL	TREASURER	1.00	Officer Director	$0	$0	$0
NATALIE JONES	DIRECTOR	1.00	Director	$0	$0	$0
KATIE SNEED	DIRECTOR	1.00	Director	$0	$0	$0
GIA DUNCAN	DIRECTOR	1.00	Director	$0	$0	$0
GIA WIGGINS	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA RACHAL	DIRECTOR	1.00	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	$686,657	$740,168	$1,183,202	$-53,511
2023	$676,382	$754,613	$1,219,396	$-78,231
2022	$607,564	$686,144	$1,319,173	$-78,580
2021	$610,454	$518,830	$1,387,917	$91,624
2020	$442,670	$516,570	$1,239,897	$-73,900
2018	$728,192	$478,558	$1,340,577	$249,634

EASTERN SHORE ART ASSOCIATION INC