FARMINGTON VALLEY ARTS CENTER INC (EIN 060916851) - 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

1974

Legal Domicile

Phone

8606781867

Tax Period

2024-10-01 to 2025-09-30

FARMINGTON VALLEY ARTS CENTER INC, founded in 1974, is a small nonprofit in the Arts, Culture & Humanities sector that reported $728K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF THE FARMINGTON VALLEY ARTS CENTER IS TO CONNECT THE COMMUNITY TO THE CREATIVE PROCESS THROUGH ARTS EDUCATION FOR PEOPLE OF ALL AGES, SUPPORT AND ENCOURAGE WORKING ARTISTS, SERVE AS A COMMUNITY RESOURCE

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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 $113,595

Program Service Revenue $614,825

Investment Income $0

Other Revenue $0

TOTAL REVENUE $728,420

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $223,283

Other Expenses $797,559

TOTAL EXPENSES $797,559

Year-over-Year Comparison

	2024	2023	Change
Revenue	$728,420	$659,730	+0.1%
Expenses	$797,559	$637,361	+0.3%
Net Income	$-69,139	$22,369	-4.1%

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

N/A

Volunteers

N/A

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
NINE DECHAMPS	BOARD MEMBER	001.00	Director	$0	$0	$0
CAROL KAPLAN	EXECUTIVE DIRECTOR	001.00	Officer Director	$0	$0	$0
MELISSA MEREDITH	BOARD MEMBER	001.00	Director	$0	$0	$0
LINDA HOWARD-SORRELL	BOARD TREASURER	001.00	Officer Director	$0	$0	$0
HELEN THOMAS	BOARD PRESIDENT	001.00	Officer Director	$0	$0	$0
CYNTHIA MELLON	BOARD MEMBER	001.00	Director	$0	$0	$0
SUE NOONEY	STUDIO ARTS PRESIDENT	001.00	Officer Director	$0	$0	$0
AARON WARTNER	BOARD VICE PRESIDENT	001.00	Officer Director	$0	$0	$0
KARA ZABLOTSKY	BOARD MEMBER	001.00	Director	$0	$0	$0
SUE GRISE	BOARD MEMBER	001.00	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
2025	$728,420	$797,559	$400,712	$-69,139
2024	$659,730	$637,361	$493,662	$22,369
2023	$600,085	$519,410	$501,322	$80,675
2022	$528,463	$598,851	$433,299	$-70,388
2021	$518,187	$477,499	$512,503	$40,688
2020	$312,643	$324,010	$489,940	$-11,367
2019	$387,212	$378,158	$354,970	$9,054

FARMINGTON VALLEY ARTS CENTER INC