FOLLOW YOUR ART COMMUNITY STUDIOS INC

EIN: 831372132 501(c)(3) Arts, Culture & Humanities

MELROSE, MA

Total Revenue
$636,599
Total Expenses
$508,146
Total Assets
$685,168
Net Assets
$554,208
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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
2019
Legal Domicile
MA
Phone
7816654140
Tax Period
2023-01-01 to 2023-12-31

FOLLOW YOUR ART COMMUNITY STUDIOS INC, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $637K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $128K, a strong 20% operating margin.

Mission

TO BUILD COMMUNITY BY SUPPORTING CREATIVE ENDEAVORS OF ALL AGES AND ABILITIES WITH OPPORTUNITIES FOR LEARNING, GROWTH, DISCOVERY & OUTREACH THROUGH VISUAL ARTS, CRAFT, WRITING & PERFORMANCE

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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 (2023)

Revenue Breakdown

Contributions & Grants $145,627
Program Service Revenue $487,709
Investment Income $3,263
Other Revenue $0
TOTAL REVENUE $636,599

Expense Breakdown

Grants Paid $0
Salaries & Benefits $308,771
Fundraising Expenses $17,098
Program Expenses $442,534
Other Expenses $199,375
TOTAL EXPENSES $508,146

Year-over-Year Comparison

2023 2022 Change
Revenue $636,599 $473,961 +0.3%
Expenses $508,146 $456,481 +0.1%
Net Income $128,453 $17,480 +6.3%
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
11
Independent Members
11
Employees
32
Volunteers
20

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
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MANDY CARROLL PRESIDENT & BOARD CO-CHAIR 5.00
Officer Director
$0 $0 $0
JENNIFER BLESSO SECRETARY 5.00
Officer Director
$0 $0 $0
MARTHA GROVER TREASURER 5.00
Officer Director
$0 $0 $0
GARIN BOYD BOARD MEMBER 2.00
Director
$0 $0 $0
LARRY BOUCHIE BOARD MEMBER 2.00
Director
$0 $0 $0
ALIX KLINGENBERG BOARD MEMBER 2.00
Director
$0 $0 $0
ALLYSON LIVINGSTONE PHD BOARD MEMBER 2.00
Director
$0 $0 $0
LIYA ESCALERA BOARD MEMBER & CO-CHAIR 2.00
Director
$0 $0 $0
MANJULA KAREMCHETI BOARD MEMBER 2.00
Director
$0 $0 $0
STEVE LOCKE BOARD MEMBER 2.00
Director
$0 $0 $0
ELIZABETH PERREAULT BOARD 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 $636,599 $508,146 $685,168 $128,453
2022 $473,961 $456,481 $570,797 $17,480
2021 $407,403 $300,308 $516,576 $107,095
2020 $193,525 $265,728 $366,742 $-72,203
2019 $501,855 $92,342 $355,496 $409,513
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