ARTS FOUNDATION FOR MARTIN COUNTY INC (EIN 650819846) - 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

1980

Legal Domicile

Principal Officer

NANCY TURRELL

Phone

7722876676

Tax Period

2023-10-01 to 2024-09-30

ARTS FOUNDATION FOR MARTIN COUNTY INC, founded in 1980, is a small nonprofit in the Arts, Culture & Humanities sector that reported $293K in total revenue in fiscal year 2023. The organization ran a surplus of $47K, a strong 16% operating margin.

Mission

THE ARTS FOUNDATION FOR MARTIN COUNTY IS A NONPROFIT ORGANIZATION THAT DEVELOPS ACTIVITIES AND PROGRAMS THAT FOSTER AND SUPPORT THE ARTS AND CULTURAL COMMUNITY. MARTIN ARTS FOUNDATION WORKS IN PARTNERSHIP WITH THE MARTIN ARTS COUNCIL AND THE CULTURAL SECTOR IN OUR REGION.

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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 $211,505

Program Service Revenue $80,407

Investment Income $1,106

Other Revenue $0

TOTAL REVENUE $293,018

Expense Breakdown

Grants Paid $63,997

Salaries & Benefits $0

Fundraising Expenses $5,494

Program Expenses $222,983

Other Expenses $181,778

TOTAL EXPENSES $245,775

Year-over-Year Comparison

	2023	2022	Change
Revenue	$293,018	$279,921	+0.0%
Expenses	$245,775	$339,649	-0.3%
Net Income	$47,243	$-59,728	-1.8%

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

200

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

$66,018

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH BONAN	CHAIR	2.00	Officer Director	$0	$0	$0
DUNCAN HURD	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MARY ANN LOOMIS	INTERIM TREASURER	2.00	Officer Director	$0	$0	$0
JENNIFER POWERS	SECRETARY	2.00	Officer Director	$0	$0	$0
ANTHONY ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
NEIL CAPOZZI	BOARD MEMBER	1.00	Director	$0	$0	$0
DR ANITA CASWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
DENISE EHRICH	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARON HOLT	MEMBER AT LARGE	2.00	Director	$0	$0	$0
LISA RENEE LUDLUM	MEMBER AT LARGE	2.00	Director	$0	$0	$0
MARNEY E MCKEE	BOARD MEMBER	1.00	Director	$0	$0	$0
NINA NICOLOSI	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM PENCE CPA	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY TURRELL	CEO	20.00	Officer	$0	$0	$66,018

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	$293,018	$245,775	$183,381	$47,243
2023	$279,921	$339,649	$124,594	$-59,728
2022	$364,213	$367,200	$202,814	$-2,987
2021	$331,261	$171,666	$190,261	$159,595
2020	$441,296	$473,138	$97,248	$-31,842

ARTS FOUNDATION FOR MARTIN COUNTY INC