ANACORTES ARTS FESTIVAL (EIN 911493326) - 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

1962

Legal Domicile

Phone

3602936211

Tax Period

2023-01-01 to 2023-12-31

ANACORTES ARTS FESTIVAL, founded in 1962, is a small nonprofit in the Arts, Culture & Humanities sector that reported $493K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $710K exceeded revenue, resulting in a 44% operating deficit.

Mission

Promote art education and appreciation

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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 (2023)

Revenue Breakdown

Contributions & Grants $32,748

Program Service Revenue $454,238

Investment Income $0

Other Revenue $5,890

TOTAL REVENUE $492,876

Expense Breakdown

Grants Paid $0

Salaries & Benefits $190,081

Fundraising Expenses $0

Program Expenses $336,111

Other Expenses $519,964

TOTAL EXPENSES $710,045

Year-over-Year Comparison

	2023	2022	Change
Revenue	$492,876	$659,787	-0.3%
Expenses	$710,045	$520,490	+0.4%
Net Income	$-217,169	$139,297	-2.6%

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

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

$102,411

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Meredith McIlMoyle	Executive Director	42	Officer	$102,411	$0	$102,411
Julie Lindsey	Director	1.5	Director	$0	$0	$0
Mark Lione	President	2	Director	$0	$0	$0
Mary Staley	Vice President	4.5	Director	$0	$0	$0
Steve Klein	Director	2	Director	$0	$0	$0
Jim McDonald	Director	2	Director	$0	$0	$0
Ora Petersen	Director	2	Director	$0	$0	$0
John Sternlicht	Director	2.0	Director	$0	$0	$0
Lisa Kuhnlein	Director	2.0	Director	$0	$0	$0
Treva King	Secretary	2.0	Director	$0	$0	$0
Darlene Mindrum	Director	2.0	Director	$0	$0	$0
Laurie Gere	Director	2.0	Director	$0	$0	$0
Marc Knowles	Director	2.0	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	$492,876	$710,045	$395,211	$-217,169
2022	$659,787	$520,490	$591,649	$139,297
2021	$573,195	$414,011	$436,946	$159,184
2019	$370,555	$444,085	$301,344	$-73,530
2018	$383,786	$401,632	$341,668	$-17,846

ANACORTES ARTS FESTIVAL