PELICAN BAY ART ASSOCIATION INC (EIN 930752888) - 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

1971

Legal Domicile

Principal Officer

SUSAN LARSON

Phone

5414691807

Tax Period

2024-01-01 to 2024-12-31

PELICAN BAY ART ASSOCIATION INC, founded in 1971, is a micro nonprofit that reported $80K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $98K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO PROMOTE THROUGH EDUCATION, THE APPRECIATION, DISTRIBUTION, AND ENJOYMENT OF FINE ARTS AND CRAFTS IN THE LOCAL COMMUNITY.

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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 $37,258

Program Service Revenue $25,016

Investment Income $16,193

Other Revenue $1,530

TOTAL REVENUE $79,997

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,730

Fundraising Expenses $1,343

Program Expenses $96,763

Other Expenses $62,376

TOTAL EXPENSES $98,106

Year-over-Year Comparison

	2024	2023	Change
Revenue	$79,997	$131,840	-0.4%
Expenses	$98,106	$80,700	+0.2%
Net Income	$-18,109	$51,140	-1.4%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN LARSON	PRESIDENT	5.00	Officer Director	$0	$0	$0
COLLEEN CHAMBERS	VICE-PRESIDE	5.00	Officer Director	$0	$0	$0
DIANA BLACKMON	RECORDING SE	5.00	Officer Director	$0	$0	$0
SHARON JOHNSON	DIRECTOR-AT-	5.00	Officer 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	$79,997	$98,106	$568,751	$-18,109
2023	$131,840	$80,700	$581,537	$51,140
2022	$82,820	$54,643	$526,177	$28,177
2021	$26,681	$26,664	$748,426	$17
2020	$456,059	$26,808	$747,810	$429,251

PELICAN BAY ART ASSOCIATION INC