Art & Newport

EIN: 825295615 501(c)(3) Arts, Culture & Humanities

Middletown, RI

Total Revenue
$268,464
Total Expenses
$235,538
Total Assets
$81,383
Net Assets
$81,383
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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
RI
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's goal is to present art projects that burnish Newport's stature as a place to learn about and share ideas and visions that only art and artists can provide. Founded in 2017, Art & Newport has developed and sustained strong partnerships with contemporary artists and other Newport culture and heritage organizations to present memorable art projects each year.

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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%)

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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

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
6

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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