ISLAND GALLERY AND STUDIOS INC (EIN 650400009) - 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

1993

Legal Domicile

Principal Officer

DAWN GERARDOT

Phone

9417786648

Tax Period

2023-09-23 to 2024-04-30

ISLAND GALLERY AND STUDIOS INC, founded in 1993, is a micro nonprofit in the Human Services sector that reported $71K in total revenue in fiscal year 2023. Expenses of $68K left a modest 5% surplus.

Mission

TO PROVIDE A SUPPORTIVE, COLLABORATIVE AND ENRICHING VENUE FOR ARTISTS OT EXHIBIT AND MARKET THEIR WORK; AND TO CELEBRATE, PROMOTE AND EXPAND THE LOCAL ARTS COMMUNITY THROUGH EDUCATION AND OUTREACH.

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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 $71,309

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $71,309

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $60,254

Other Expenses $67,853

TOTAL EXPENSES $67,853

Year-over-Year Comparison

	2023	2022	Change
Revenue	$71,309	N/A	N/A
Expenses	$67,853	N/A	N/A
Net Income	$3,456	N/A	N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN COPPINGER	PRESIDENT	32.00	Officer Director	$0	$0	$0
CHERYL SUDBURY BUERGER	SECRETARY	17.00	Officer Director	$0	$0	$0
DAWN GERARDOT	TREASURER	32.00	Officer Director	$0	$0	$0
JODY GOLDMAN	PAST PRESIDENT	12.00	Director	$0	$0	$0
SUSAN BOKOS	AT LARGE	8.25	Director	$0	$0	$0
LARRY FREY	AT LARGE	3.50	Director	$0	$0	$0
SUSAN SWANSON	AT LARGE	4.00	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
2024	$71,309	$67,853	$14,324	$3,456

ISLAND GALLERY AND STUDIOS INC