LATROBE ART CENTER INC (EIN 020610614) - 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

LEE MARKOSKY

Phone

7245377011

Tax Period

2023-01-01 to 2023-12-31

LATROBE ART CENTER INC, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $295K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $355K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROMOTE ART APPRECIATION AND EDUCATION IN THE COMMUNITY THROUGH VARIOUS CLASSES AND SALES OF CONSIGNED ARTWORK.

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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 $136,684

Program Service Revenue $91,090

Investment Income $0

Other Revenue $67,497

TOTAL REVENUE $295,271

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,258

Fundraising Expenses $43,852

Program Expenses $269,421

Other Expenses $248,407

TOTAL EXPENSES $354,665

Year-over-Year Comparison

	2023	2022	Change
Revenue	$295,271	$357,719	-0.2%
Expenses	$354,665	$325,344	+0.1%
Net Income	$-59,394	$32,375	-2.8%

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
ANTHONY DIVITTIS	DIRECTOR	1.00	Director	$0	$0	$0
MARIA GRAZIANO-BICKERSTAFF	DIRECTOR	1.00	Director	$0	$0	$0
JAMES R OKONAK	DIRECTOR	1.00	Director	$0	$0	$0
KATHY RAFFERTY	DIRECTOR	1.00	Director	$0	$0	$0
KATHY SOBOTA	DIRECTOR	1.00	Director	$0	$0	$0
GEORGIA TEPPERT	DIRECTOR	1.00	Director	$0	$0	$0
ROSANNE BODZIAK	SECRETARY	3.00	Officer	$0	$0	$0
KATIE MILLER GEE	VICE-PRESIDE	3.00	Officer	$0	$0	$0
LEE MARKOSKY	PRESIDENT	3.00	Officer	$0	$0	$0
MARTY SINGER	TREASURER	3.00	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
2024	No data	No data	No data	No data
2023	$295,271	$354,665	$406,912	$-59,394
2022	$357,719	$325,344	$464,814	$32,375
2021	$370,242	$321,566	$431,844	$48,676
2020	$364,173	$259,341	$383,615	$104,832
2019	$361,337	$321,765	$282,619	$39,572
2018	$301,272	$282,183	$243,292	$19,089

LATROBE ART CENTER INC