PENINSULA ART GUILD

EIN: 911841201 501(c)(3) Arts, Culture & Humanities

KENAI, AK

Total Revenue
$212,773
Total Expenses
$49,808
Total Assets
$295,589
Net Assets
$291,866
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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
1956
Legal Domicile
AK
Principal Officer
KAREN FORGARTY
Phone
9072837040
Tax Period
2023-01-01 to 2023-12-31

PENINSULA ART GUILD, founded in 1956, is a small nonprofit in the Arts, Culture & Humanities sector that reported $213K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $163K, a strong 77% operating margin.

Mission

TO PROMOTE LOCAL ARTISTS

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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 $170,154
Program Service Revenue $240
Investment Income $69
Other Revenue $42,310
TOTAL REVENUE $212,773

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,897
Fundraising Expenses $0
Program Expenses $14,520
Other Expenses $32,911
TOTAL EXPENSES $49,808

Year-over-Year Comparison

2023 2022 Change
Revenue $212,773 $175,776 +0.2%
Expenses $49,808 $78,433 -0.4%
Net Income $162,965 $97,343 +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

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Governance

Voting Members
10
Independent Members
10
Employees
1
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
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARION NELSON PRESIDENT 004.00
Officer Director
$0 $0 $0
SUSAN BARANIECKI SECRETARY 002.00
Officer Director
$0 $0 $0
KAREN FOGARTY TREASURER 008.00
Officer Director
$0 $0 $0
LESLIE MORTON VICE-PRESIDENT 001.00
Officer Director
$0 $0 $0
MIKE WIKIE BOARD MEMBER 001.00
Director
$0 $0 $0
ABBY ULEN BOARD MEMBER 001.00
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 $212,773 $49,808 $295,589 $162,965
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