ROCKPORT CULTURAL ARTS DISTRICT (EIN 815176839) - 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

2017

Legal Domicile

Principal Officer

NICHOLAS JOHNSON

Phone

3617299707

Tax Period

2023-01-01 to 2023-12-31

ROCKPORT CULTURAL ARTS DISTRICT, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $262K in total revenue in fiscal year 2023. Expenses of $252K left a modest 4% surplus.

Mission

BRING RECOGNITION TO THE CULTURAL ARTS AND PROMOTE ECONOMIC AND CULTURAL DEVELOPMENT IN THE DOWNTOWN ROCKPORT AREA.

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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 $261,607

Program Service Revenue $0

Investment Income $0

Other Revenue $94

TOTAL REVENUE $261,701

Expense Breakdown

Grants Paid $0

Salaries & Benefits $81,814

Fundraising Expenses $0

Program Expenses $251,505

Other Expenses $169,691

TOTAL EXPENSES $251,505

Year-over-Year Comparison

	2023	2022	Change
Revenue	$261,701	$252,148	+0.0%
Expenses	$251,505	$168,222	+0.5%
Net Income	$10,196	$83,926	-0.9%

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

$76,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER DAY	EXECUTIVE DIRECTOR	40.00	Key Emp	$76,000	$0	$76,000
WARREN HASSINGER	PRESIDENT	5.00	Officer Director	$0	$0	$0
NICK JOHNSON	TREASURER	5.00	Officer Director	$0	$0	$0
MICHELL MCMAHON	SECRETARY	5.00	Officer Director	$0	$0	$0
MONICA CLARK	MEMBER	2.00	Officer Director	$0	$0	$0
DONNIE GARCIA	VP	2.00	Officer Director	$0	$0	$0
VICKI COMISSO	MEMBER	2.00	Director	$0	$0	$0
PAM HEARD	MEMBER	2.00	Director	$0	$0	$0
DEB STROTHMAN	VP	2.00	Officer Director	$0	$0	$0
MICHELLE SIMMONS	MEMBER	2.00	Director	$0	$0	$0
CARLA TANK	MEMBER	2.00	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	No data	No data	No data	No data
2023	$261,701	$251,505	$349,885	$10,196
2022	$252,148	$168,222	$338,935	$83,926
2021	$285,351	$180,286	$254,759	$105,065
2019	$232,763	$227,647	$114,767	$5,116

ROCKPORT CULTURAL ARTS DISTRICT