Friends of the Sharon Art Studio (EIN 943143513) - 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

1996

Legal Domicile

Principal Officer

Nicole Guard

Phone

6286527217

Tax Period

2024-07-01 to 2025-06-30

Friends of the Sharon Art Studio, founded in 1996, is a small nonprofit in the Unknown sector that reported $627K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $119K, a strong 19% operating margin.

Mission

FOSAS' Mission is to offer quality Art Programs that are affordable and accessible to the 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 $69,772

Program Service Revenue $495,158

Investment Income $13,267

Other Revenue $48,450

TOTAL REVENUE $626,647

Expense Breakdown

Grants Paid $0

Salaries & Benefits $393,769

Fundraising Expenses $0

Program Expenses $481,272

Other Expenses $113,415

TOTAL EXPENSES $507,184

Year-over-Year Comparison

	2024	2023	Change
Revenue	$626,647	$459,628	+0.4%
Expenses	$507,184	$474,469	+0.1%
Net Income	$119,463	$-14,841	-9.0%

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

$95,255

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nicole Guard	Executive Dir.	40.00	Director	$95,255	$0	$95,255
Kacee Taylor	President	1.00	Officer	$0	$0	$0
Maggie Gosselin	Treasurer	1.00	Officer	$0	$0	$0
Drew Chappell Mathias	Member	1.00	Officer	$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	$626,647	$507,184	$357,512	$119,463
2024	$459,628	$474,469	$240,066	$-14,841
2023	$639,476	$433,330	$260,572	$206,146
2022	$346,765	$344,560	$73,817	$2,205
2021	$217,990	$168,200	$127,521	$49,790
2020	$257,842	$333,034	$27,099	$-75,192
2019	$323,228	$380,290	$69,177	$-57,062
2018	$405,812	$403,817	$126,116	$1,995

Friends of the Sharon Art Studio