Art & Newport

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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

2018

Legal Domicile

Principal Officer

Dodie Kazanjian

Phone

4013083111

Tax Period

2021-01-01 to 2021-12-31

Art & Newport, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $268K in total revenue in fiscal year 2021. Expenses of $236K left a modest 12% surplus.

Mission

Art & Newport develops and hosts arts events in Newport RI to educate the public and create programs which feature the city's natural landscape and history. Art & Newport's art projects and partnerships will build on, and further establish, Newport's reputation as a leading world-class cultural destination.

Program Service Accomplishments

Program 1

Expenses: $230,564

In the Waves, by artist Melissa McGill, was a series of 14 live free public art performances presented at Rough Point in Newport, RI, in August 2021. McGill created painted fabric waves and invited 36 members of the community, aged 15 to 75, to activate the landscape and evoke the urgency of rising sea levels and a rapidlychanging environment. The ensemble of this movement-based public artwork created a shared meaningful experience about environmental themes. More than 1,000 people viewed the performances and many more observed the performances from The Cliff Walk, which abuts Rough Point. The public exhibition of McGills performance was organized by Art&Newport in collaboration with Newport Restoration Foundation, NRF, who owns and operates Rough Point, and furthers NRF's efforts to raise awareness of the threat posed by sea level rise to cultural heritage. The performance ignited a conversation about the issues of climate change and the subsequent rising tides within the Newport community and beyond, bringing notice to one of the most pressing global issues of our time.

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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 (2021)

Revenue Breakdown

Contributions & Grants $268,464

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $268,464

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,500

Program Expenses $230,564

Other Expenses $233,038

TOTAL EXPENSES $235,538

Year-over-Year Comparison

	2021	2020	Change
Revenue	$268,464	N/A	N/A
Expenses	$235,538	N/A	N/A
Net Income	$32,926	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

N/A

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
Roger Kass	Treasurer	1.00	Officer Director	$0	$0	$0
Dodie Kazanjian	President	8.00	Officer Director	$0	$0	$0
Edith McBean	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
2021	$268,464	$235,538	$81,383	$32,926