Arlington Center for the Arts Inc Tom Formicola Exec Director (EIN 043034682) - 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

1989

Legal Domicile

Principal Officer

Tom Formicola

Phone

7816486220

Tax Period

2024-10-01 to 2025-09-30

Arlington Center for the Arts Inc Tom Formicola Exec Director, founded in 1989, is a small nonprofit in the Arts, Culture & Humanities sector that reported $867K in total revenue in fiscal year 2024. Expenses of $1.0M exceeded revenue, resulting in a 17% operating deficit.

Mission

Education in and community development of the 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $181,232

Program Service Revenue $670,055

Investment Income $15,713

Other Revenue $0

TOTAL REVENUE $867,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $621,424

Fundraising Expenses $153,161

Program Expenses $752,273

Other Expenses $389,804

TOTAL EXPENSES $1,011,228

Year-over-Year Comparison

	2024	2023	Change
Revenue	$867,000	$835,797	+0.0%
Expenses	$1,011,228	$975,471	+0.0%
Net Income	$-144,228	$-139,674	+0.0%

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

$97,057

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shannon Ames	Director	1.00	Director	$0	$0	$0
Sarah Buyer	Secretary	1.00	Officer Director	$0	$0	$0
Jane Culbert	Director	1.00	Director	$0	$0	$0
Tino D'Agostino	Director	1.00	Director	$0	$0	$0
Jimmy Fox	Director	1.00	Director	$0	$0	$0
Ari Herbstman	Director	1.00	Director	$0	$0	$0
Nandana Mewada	Director	1.00	Director	$0	$0	$0
Jeffrey Robinson	Director	1.00	Director	$0	$0	$0
Amy Bressler Nee	Director	1.00	Director	$0	$0	$0
Julie Neu	Treasurer	1.00	Officer Director	$0	$0	$0
John Oliver	Chair	1.00	Officer Director	$0	$0	$0
Alexandra Pool	Director	1.00	Director	$0	$0	$0
Molly Scannell	Director	1.00	Director	$0	$0	$0
David Leone	Director	1.00	Director	$0	$0	$0
Tom Formicola	Executive Director	40.00	Officer	$94,230	$2,827	$97,057

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
2025	$867,000	$1,011,228	$785,041	$-144,228
2024	$835,797	$975,471	$943,422	$-139,674
2023	$920,378	$934,301	$1,106,627	$-13,923
2022	$804,221	$869,777	$980,555	$-65,556
2021	$919,185	$815,154	$1,079,609	$104,031
2020	$347,531	$687,212	$1,053,817	$-339,681
2019	$748,224	$713,892	$1,348,747	$34,332
2018	$919,632	$642,436	$1,374,814	$277,196

Arlington Center for the Arts Inc Tom Formicola Exec Director