ShoreLake Arts (EIN 911475914) - 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

1989

Legal Domicile

Principal Officer

Laura S James

Phone

2064174645

Tax Period

2024-01-01 to 2024-12-31

ShoreLake Arts, founded in 1989, is a small nonprofit that reported $460K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $133K, a strong 29% operating margin.

Mission

OUR MISSION IS TO CULTIVATE CREATIVITY AND INSPIRE OUR COMMUNITY THROUGH THE ARTS

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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 $283,564

Program Service Revenue $142,961

Investment Income $28,294

Other Revenue $5,322

TOTAL REVENUE $460,141

Expense Breakdown

Grants Paid $800

Salaries & Benefits $155,560

Fundraising Expenses $23,078

Program Expenses $243,886

Other Expenses $170,987

TOTAL EXPENSES $327,347

Year-over-Year Comparison

	2024	2023	Change
Revenue	$460,141	$493,468	-0.1%
Expenses	$327,347	$597,787	-0.5%
Net Income	$132,794	$-104,319	-2.3%

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

Governance

Voting Members

Independent Members

Employees

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

$21,250

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Laura James	Executive Director	020.00	Key Emp Highest	$21,250	$0	$21,250
Nancy Malek	President	030.00	Officer Director	$0	$0	$0
Robert Pfeiffer	Director	006.00	Director	$0	$0	$0
Cynthia McCrea	Secretary	003.00	Officer Director	$0	$0	$0
Jack Malek	Director	001.50	Director	$0	$0	$0
Subhash Prajapati	Director	001.50	Director	$0	$0	$0
Armand Micheline	Director	001.50	Director	$0	$0	$0
Tracy Furutani	Secretary	001.50	Officer Director	$0	$0	$0
Charles Capp	Director	001.50	Director	$0	$0	$0
Eric Friedli	Treasurer	002.00	Officer Director	$0	$0	$0
Courtney Good	Director	001.50	Director	$0	$0	$0
Karen Thielke	Director	001.50	Director	$0	$0	$0
Kristen Wickersham	Director	001.50	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	$460,141	$327,347	$202,013	$132,794
2023	$493,468	$597,787	$182,199	$-104,319
2022	$465,403	$575,125	$215,143	$-109,722
2021	$562,671	$528,783	$288,916	$33,888
2020	$386,465	$398,819	$297,732	$-12,354
2019	$441,561	$443,594	$276,328	$-2,033

ShoreLake Arts