New Urban Arts (EIN 050498654) - 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

1998

Legal Domicile

Principal Officer

Corey Fontes

Phone

4017514556

Tax Period

2024-07-01 to 2025-06-30

New Urban Arts, founded in 1998, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $1.5M exceeded revenue, resulting in a 18% operating deficit.

Mission

New Urban Arts (NUA) is a welcoming community of high school students and adult mentors in Providence sharing space, skills, and resources to inspire creative expression.

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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 $1,216,888

Program Service Revenue $79,169

Investment Income $20,590

Other Revenue $-4,256

TOTAL REVENUE $1,312,391

Expense Breakdown

Grants Paid $206,486

Salaries & Benefits $901,134

Fundraising Expenses $246,702

Program Expenses $1,127,301

Other Expenses $436,157

TOTAL EXPENSES $1,543,777

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,312,391	$1,466,196	-0.1%
Expenses	$1,543,777	$1,599,268	0.0%
Net Income	$-231,386	$-133,072	+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

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
Jennifer Recinos	Director	1.00	Director	$0	$0	$0
Cary Donaldson	Director	1.00	Director	$0	$0	$0
Lucy Carpenter	Director	1.00	Director	$0	$0	$0
Nicole Lyons	Director	1.00	Director	$0	$0	$0
Amy Punchak	Director	4.00	Director	$0	$0	$0
Enid Hoff	Director	1.00	Director	$0	$0	$0
Andrew MacMannis	Director	5.00	Director	$0	$0	$0
Kat McCorkle	Director	1.00	Director	$0	$0	$0
Julissa Magnone	Director	1.00	Director	$0	$0	$0
Susan Smulyan	Chair	6.00	Officer Director	$0	$0	$0
Patrick Laundry	Treasurer incoming	4.00	Officer Director	$0	$0	$0
Emily Gonzalez	Secretary	5.00	Officer Director	$0	$0	$0
Corey Fontes	Treasurer outgoing	4.00	Officer Director	$0	$0	$0
Jannelle Codianni	Executive Director	40.00	Key Emp	$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
2025	$1,312,391	$1,543,777	$2,405,465	$-231,386
2024	No data	No data	No data	No data
2023	$1,706,690	$1,417,619	$2,814,339	$289,071
2022	$1,375,795	$1,105,185	$2,364,199	$270,610
2021	$1,170,839	$901,854	$2,061,442	$268,985
2020	$1,063,928	$1,097,805	$1,755,085	$-33,877
2019	$1,022,450	$909,788	$1,633,575	$112,662

New Urban Arts