Nashua Area Artists Association
Nonprofit profile at a glance
- EIN
- 026013430
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Nashua, NH, USA
- Phone
- 6034175419
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $193,634
- Expenses
- $82,109
- Assets
- $226,210
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Marilene Sawaf (President and Newsletter Editor)
- David Harris (Director until May, then Vice President)
People named in this filing
- Marilene Sawaf (President and Newsletter Editor)
- Sonia Lee Gilmore (VP until May, then Gallery Director, also Greeley Park Art Show co-chair & Membership chair)
- Jacqueline Barry (Director until May, then Gallery Director and also Webmaster)
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
Advancement and education in the arts
What it reported doing in 2024
Microgallery exhibits in and around the Nashua area give local artists and member artists an opportunity to display their work while uplifting the community. These include ongoing exhibits at St. Joseph Hospital in Nashua, the Blue Zone in Nashua, Campo Enoteca restaurant in Manchester NH, the Pheasant Lane Mall in Nashua, and others. Often exhibits have receptions which include education in the arts for the public. In addition, this year we opened the ArtHub gallery at 98 Main Street, Nashua NH to provide even more exposure for both member and non-member artists, a homebase for workshops, demonstrations and meetings. The ArtHub is currently open Wednesday through Saturday, and allows us to participate in and support Nashua community arts events. We hired two gallery directors for ArtHub. The microgalleries are run by volunteers.
Operating model
- Revenue model
- Other-operating. 91% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 92% 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
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 54
- Transparency & Controls: 100
- Sustainability: 82
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 35.6%; rating input score 36
- Program expense ratio: 84%; rating input score 84
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: 57.6%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 2.75; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 18.7%; rating input score 17; 17th percentile among comparable filings
Growth
- Program expense growth: 57.2% per year; rating input score 100; 93rd percentile among comparable filings
- Revenue growth: 37.9% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 36.2% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: 35.6% of revenue deployed · 84% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $69K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules
- Filing history: 5 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 36/100.
- High — Sustainability: Officer compensation ratio scored 17/100.