THE CURRENT INC

EIN: 030284825 501(c)(3) Arts, Culture & Humanities

STOWE, VT

Total Revenue
$704,279
Total Expenses
$831,087
Total Assets
$1,631,523
Net Assets
$1,533,908
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
VT
Principal Officer
REBECCA CHASE
Phone
8022538358
Tax Period
2023-01-01 to 2023-12-31

THE CURRENT INC, founded in 1982, is a small nonprofit in the Arts, Culture & Humanities sector that reported $704K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $831K exceeded revenue, resulting in a 18% operating deficit.

Mission

THE CURRENT, INC. IS A MEMBER SUPPORTED, COMMUNITY ARTS AND EDUCATION NON-PROFIT ORGANIZATION, WHOSE MISSION IS TO ENHANCE THE HUMAN EXPERIENCE THROUGH THE VISUAL ARTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $439,366
Program Service Revenue $182,916
Investment Income $6,285
Other Revenue $75,712
TOTAL REVENUE $704,279

Expense Breakdown

Grants Paid $0
Salaries & Benefits $536,299
Fundraising Expenses $172,366
Program Expenses $527,252
Other Expenses $294,788
TOTAL EXPENSES $831,087

Year-over-Year Comparison

2023 2022 Change
Revenue $704,279 $649,342 +0.1%
Expenses $831,087 $723,962 +0.1%
Net Income $-126,808 $-74,620 +0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
17
Volunteers
20

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
5
$113,651
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAMON LEE TREASURER 1.00
Officer
$0 $0 $0
RACHEL MOORE EXECUTIVE DI 40.00
Officer
$108,327 $5,324 $113,651
PAUL HERTZ TRUSTEE 1.00
Director
$0 $0 $0
CHRISTOPHER DOYLE TRUSTEE 1.00
Director
$0 $0 $0
SOPHIE BRECHU-WEST TRUSTEE 1.00
Director
$0 $0 $0
BRIAN HAMOR TRUSTEE 1.00
Director
$0 $0 $0
REBECCA CHASE CHAIR 1.00
Officer
$0 $0 $0
DIANE LOONEY TRUSTEE 1.00
Director
$0 $0 $0
MOLLY TRIFFIN TRUSTEE 1.00
Director
$0 $0 $0
LISA MACALASTER TRUSTEE 1.00
Director
$0 $0 $0
KARLA RAIMUNDI TRUSTEE 1.00
Director
$0 $0 $0
GREG POPA TRUSTEE 1.00
Director
$0 $0 $0
KRISTY CARLSON TRUSTEE 1.00
Director
$0 $0 $0
MAIYA KECK TRUSTEE 1.00
Director
$0 $0 $0
EDEE SIMON TRUSTEE 1.00
Director
$0 $0 $0
SARA MAHER SECRETARY 1.00
Officer
$0 $0 $0
COURTNEY PERCY VICE CHAIR 1.00
Officer
$0 $0 $0
BERNICE FERNANDEZ SARAFZADEH TRUSTEE 1.00
Director
$0 $0 $0
HINDA MILLER TRUSTEE 1.00
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 $704,279 $831,087 $1,631,523 $-126,808
2022 $649,342 $723,962 $1,707,368 $-74,620
2021 $677,516 $586,183 $1,820,969 $91,333
2020 $867,617 $392,566 $1,687,818 $475,051
2019 $1,377,052 $440,810 $1,213,934 $936,242
2018 $448,177 $439,963 $230,403 $8,214
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