SPRING HILL ARTS GATHERING INC (EIN 863706367) - 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

2021

Legal Domicile

Principal Officer

STEPHANIE INGRASSIA

Phone

9145820330

Tax Period

2024-05-01 to 2025-04-30

SPRING HILL ARTS GATHERING INC, founded in 2021, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $7K in total revenue in fiscal year 2024. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $39K exceeded revenue, resulting in a 475% operating deficit.

Mission

TO PROMOTE AND SUPPORT THE ARTS, AND PARTICULARLY THE PERFORMING ARTS BY ORGANIZING, UNDERWRITING, PROMOTING AND MANAGING EVENTS TO CELEBRATE, RAISE AWARENESS OF AND GENERATE FINANCIAL SUPPORT FOR ARTS ORGANIZATIONS IN THE COMMUNITY AND GENERAL PUBLIC. THE ORGANIZATION RECOGNIZES THE ARTS AS AN INTEGRAL PART OF A HEALTHY SOCIETY AND SUPPORTS, NURTURES AND PROMOTES RELATIONSHIPS BETWEEN ARTISTS AND COMMUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,730

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,730

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $96

Program Expenses $36,920

Other Expenses $38,726

TOTAL EXPENSES $38,726

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,730	$603,817	-1.0%
Expenses	$38,726	$720,477	-0.9%
Net Income	$-31,996	$-116,660	-0.7%

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

N/A

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
STEPHANIE INGRASSIA	CHAIRMAN	4.00	Officer Director	$0	$0	$0
TIMOTHY INGRASSIA	TREASURER	4.00	Officer Director	$0	$0	$0
MELISSA KOZAK	SECRETARY	4.00	Officer Director	$0	$0	$0
JAMES KELLY	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
2025	$6,730	$38,726	$168,060	$-31,996
2024	$603,817	$720,477	$210,221	$-116,660
2023	$716,667	$780,350	$330,085	$-63,683
2022	$1,225,754	$845,355	$394,757	$380,399

SPRING HILL ARTS GATHERING INC