MIDDLETOWN TOWNSHIP CULTURAL AND ARTS COUNCIL INC (EIN 010588839) - 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

2002

Legal Domicile

Principal Officer

MAGGIE O'BRIEN

Tax Period

2023-01-01 to 2023-12-31

MIDDLETOWN TOWNSHIP CULTURAL AND ARTS COUNCIL INC, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $701K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $825K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO STIMULATE AND ENCOURAGE THE APPRECIATION OF AND PARTICIPATION IN THE ARTS AMONG COMMUNITY MEMBERS AND ORGANIZATIONS OF MIDDLETOWN TOWNSHIP AND SURROUNDING COMMUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $87,594

Program Service Revenue $590,310

Investment Income $2,791

Other Revenue $20,025

TOTAL REVENUE $700,720

Expense Breakdown

Grants Paid $0

Salaries & Benefits $443,878

Fundraising Expenses $65,953

Program Expenses $550,369

Other Expenses $380,646

TOTAL EXPENSES $824,524

Year-over-Year Comparison

	2023	2022	Change
Revenue	$700,720	$1,134,753	-0.4%
Expenses	$824,524	$695,525	+0.2%
Net Income	$-123,804	$439,228	-1.3%

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

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
MAGGIE O'BRIEN	DIRECTOR	35.00		$15,000	$0	$15,000
TERRI VILARDI	President	0.00	Officer Director	$0	$0	$0
ROSE SCULLION	BOE REP.	0.00	Director	$0	$0	$0
JAYANTI TAMM	Secretary	0.00	Officer Director	$0	$0	$0
MAUREEN RAISCH	TOWNSHIP DESIG.	0.00	Director	$0	$0	$0
RICHARD LUDLUM	Trustee	0.00	Director	$0	$0	$0
DR WILLIAM ANANIA	Vice President	0.00	Officer Director	$0	$0	$0
KIM HUMPHREY	Treasurer	0.00	Officer Director	$0	$0	$0
JOSEPH LAWLOR	Trustee	0.00	Director	$0	$0	$0
GERALDINE SCHARFENBERGER	Trustee	0.00	Director	$0	$0	$0
ROSEMARIE PETERS	Trustee	0.00	Director	$0	$0	$0
JEANNE WALL	Trustee	0.00	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	$700,720	$824,524	$606,510	$-123,804
2022	$1,134,753	$695,525	$721,663	$439,228
2021	$754,925	$490,513	$315,145	$264,412
2020	$225,192	$310,779	$80,354	$-85,587
2019	$697,917	$707,358	$110,839	$-9,441
2018	$643,123	$623,376	$114,698	$19,747

MIDDLETOWN TOWNSHIP CULTURAL AND ARTS COUNCIL INC