CAPE ARTS & ENTERTAINMENT INC (EIN 046297436) - 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

1963

Legal Domicile

Principal Officer

LARA FORDE

Phone

7744702282

Tax Period

2023-07-01 to 2024-06-30

CAPE ARTS & ENTERTAINMENT INC, founded in 1963, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.7M in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $5.1M exceeded revenue, resulting in a 38% operating deficit.

Mission

TO ENRICH AND FURTHER THE CULTURAL, EDUCATIONAL AND ECONOMIC INTERESTS OF OUR REGION THROUGH MUSIC AND THE ARTS BY ENCOURAGING LIFELONG INVOLVEMENT WITH SUPERIOR MUSIC AND ARTS EDUCATION TO ALL RESIDENTS OF AND VISITORS TO CAPE COD.

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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 $718,259

Program Service Revenue $2,327,721

Investment Income $615,261

Other Revenue $54,212

TOTAL REVENUE $3,715,453

Expense Breakdown

Grants Paid $97,463

Salaries & Benefits $3,039,034

Fundraising Expenses $286,407

Program Expenses $4,357,330

Other Expenses $1,977,272

TOTAL EXPENSES $5,113,769

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,715,453	$6,782,922	-0.5%
Expenses	$5,113,769	$4,676,190	+0.1%
Net Income	$-1,398,316	$2,106,732	-1.7%

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

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

281

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

$355,004

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY PANEBIANCO	CHAIR	5.00	Officer Director	$0	$0	$0
JAYNE MULLEN-SAMPSON	VICE-CHAIR	5.00	Officer Director	$0	$0	$0
STEVEN W HESLINGA	TREASURER	5.00	Officer Director	$0	$0	$0
THERESA A EGAN	SECRETARY THROUGH 05/18/2024	5.00	Officer Director	$0	$0	$0
MARIA CAMPBELL	INTERIM SECRETARY	5.00	Officer Director	$0	$0	$0
JILL BEARDSLEY	DIRECTOR	2.00	Director	$0	$0	$0
SHERLEY-ANN BELLEUS	DIRECTOR	2.00	Director	$0	$0	$0
JOHN DAMON	DIRECTOR	2.00	Director	$0	$0	$0
AMANDA DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
ELLEN A DICKINSON	DIRECTOR	2.00	Director	$0	$0	$0
LEE ANN HESSE	DIRECTOR	2.00	Director	$0	$0	$0
TIMOTHY HUBER	DIRECTOR	2.00	Director	$0	$0	$0
GIANNA JONAS	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH KING	DIRECTOR	2.00	Director	$0	$0	$0
ARTHUR MASSARO	DIRECTOR	2.00	Director	$0	$0	$0
JOHN MEYER	DIRECTOR	2.00	Director	$0	$0	$0
JOHN W MILLER	DIRECTOR	2.00	Director	$0	$0	$0
JAMIE SELLDORFF	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT SIGEL	DIRECTOR	2.00	Director	$0	$0	$0
NANCY STRICKLAND	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER S WILSON	DIRECTOR	2.00	Director	$0	$0	$0
DR MICHAEL ALBAUGH	EXECUTIVE DIRECTOR	40.00	Officer	$180,577	$4,725	$185,302
DUKE BATES JR	DIRECTOR OF FINANCE THRO 04/02/24	40.00	Officer	$91,287	$0	$91,287
LARA FORDE	DIRECTOR OF FINANCE FROM 04/02/24	40.00	Officer	$78,415	$0	$78,415
JUNG HO PAK	CONDUCTOR	40.00	Highest	$164,418	$5,400	$169,818

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	No data	No data	No data	No data
2024	$3,715,453	$5,113,769	$10,050,159	$-1,398,316
2023	$6,782,922	$4,676,190	$11,206,798	$2,106,732
2022	$5,101,262	$4,317,285	$10,466,895	$783,977
2021	$3,135,314	$1,981,742	$10,089,208	$1,153,572
2020	$4,390,944	$4,297,922	$8,790,379	$93,022
2019	$4,066,247	$4,548,263	$8,631,581	$-482,016
2018	$5,144,049	$4,532,184	$8,900,372	$611,865

CAPE ARTS & ENTERTAINMENT INC