Essex Art Center Inc (EIN 043238501) - 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

1993

Legal Domicile

Principal Officer

Monica Manoski

Phone

9786852343

Tax Period

2024-10-01 to 2025-09-30

Essex Art Center Inc, founded in 1993, is a small nonprofit in the Arts, Culture & Humanities sector that reported $891K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

Essex Art Center uses art to bring people together, spark conversations, and build community.

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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 $624,382

Program Service Revenue $244,274

Investment Income $22,534

Other Revenue $0

TOTAL REVENUE $891,190

Expense Breakdown

Grants Paid $59,364

Salaries & Benefits $427,760

Fundraising Expenses $56,026

Program Expenses $715,646

Other Expenses $452,561

TOTAL EXPENSES $939,685

Year-over-Year Comparison

	2024	2023	Change
Revenue	$891,190	$715,289	+0.2%
Expenses	$939,685	$755,872	+0.2%
Net Income	$-48,495	$-40,583	+0.2%

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

$92,128

Total Directors

$2,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anne Thiam	Chair	2.00	Officer Director	$0	$0	$0
Merylinda Santiago	Vice Chair	2.00	Officer Director	$0	$0	$0
Paul Therkelsen	Treasurer	2.00	Officer Director	$0	$0	$0
Allison Rieke	Director	2.00	Director	$0	$0	$0
Caitlyn Aguiar	Director	2.00	Director	$0	$0	$0
Juan Carlos Cedeno	Director	2.00	Director	$0	$0	$0
Milly Joseph	Director	2.00	Director	$0	$0	$0
Maria L Laboy	Director	2.00	Director	$0	$0	$0
Jose Rodriguez	Director	2.00	Director	$0	$0	$0
Amy Bloom	Director	2.00	Director	$0	$0	$0
Felipe Collazo	Director	2.00	Director	$2,750	$0	$2,750
Monica Manoski	Executive Director	40.00	Officer	$89,366	$2,762	$92,128

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	$891,190	$939,685	$1,176,798	$-48,495
2024	$715,289	$755,872	$1,245,501	$-40,583
2023	$563,654	$615,633	$1,020,000	$-51,979
2022	$781,644	$512,499	$860,046	$269,145
2021	$539,176	$443,495	$620,567	$95,681
2019	$442,330	$501,502	$422,242	$-59,172
2018	$464,954	$509,421	$471,648	$-44,467

Essex Art Center Inc