Mad River Valley Arts Inc

Nonprofit profile at a glance

EIN
203964320
IRS 990-EZ coverage
2012–2024
Forms available
Form 990-EZ 2024
Location
Waitsfield, VT, USA
Phone
8024966682
Rating
96
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts, Cultural Organizations - Multipurpose

Official website

Reported finances

Revenue
$172,015
Expenses
$217,200
Assets
$25,409
Liabilities
$132

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • DANA DONALDSON (VICE PRESIDENT)
  • JEAN SHARRY (PRESIDENT)
  • SAM TALBOT-KELLY (EXECUTIVE DIRECTOR)

People named in this filing

  • BONNIE BARNES (CO-CHAIR FUNDRAISING)
  • BETH BINGHAM (DIRECTOR)
  • SUSIE CONRAD (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Share diverse exhibition experiences through contemporary visual arts, and interdisciplinary design. Facilitate educational opportunities such as workshops, artist talks, tours and community activities for residents and visitors.

What it reported doing in 2024

Put on 6 art gallery exhibitions and 2 off-site shows this year for the communities thatunited both environmental and cultural concerns through an art lens. Served just under 200 artists from local, regional to nationwide.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 100
  • Sustainability: 13
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -26.3%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 0.12; rating input score 12; 12th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 46; 46th percentile among comparable filings
  • Officer compensation ratio: 25.6%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 2.6% per year; rating input score 100; 39th percentile among comparable filings
  • Revenue growth: 5.2% per year; rating input score 100; 49th percentile among comparable filings
  • Asset growth: 14.6% per year; rating input score 100; 72nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $217K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 11 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 6/100.
  • High — Sustainability: Total-asset coverage ratio scored 12/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 46/100.