NEW CANAAN SOCIETY FOR THE ARTS INC

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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

1977

Legal Domicile

Principal Officer

ARIANE TRIAY

Phone

2039721895

Tax Period

2024-08-01 to 2025-07-31

NEW CANAAN SOCIETY FOR THE ARTS INC, founded in 1977, is a small nonprofit that reported $338K in total revenue in fiscal year 2024.

Mission

ENCOURAGE ART APPRECIATION

Program Service Accomplishments

Program 1

Expenses: $79,639 Revenue: $186,551

ART EXHIBITIONS, CONCERTS, RECITALS, LECTURES, AND CLASSES OPEN TO THE PUBLIC, SEVERAL THOUSAND MEMBERS OF THE PUBLIC ATTEND DURING THE YEAR

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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 $65,876

Program Service Revenue $186,551

Investment Income $23,996

Other Revenue $61,573

TOTAL REVENUE $337,996

Expense Breakdown

Grants Paid $0

Salaries & Benefits $191,389

Fundraising Expenses $0

Program Expenses $79,639

Other Expenses $166,538

TOTAL EXPENSES $357,927

Year-over-Year Comparison

	2024	2023	Change
Revenue	$337,996	$337,482	+0.0%
Expenses	$357,927	$326,276	+0.1%
Net Income	$-19,931	$11,206	-2.8%

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
ARIANE TRIAY	PRESIDENT	40.00	Officer Director	$0	$0	$0
HEATHER JONES	VICE PRESIDENT	40.00	Officer Director	$0	$0	$0
BO MARCUS	TREASURER	40.00	Officer Director	$0	$0	$0
BJ FLAGG	SECRETARY	30.00	Officer Director	$0	$0	$0
THOMAS BERNSTEN	DIRECTOR	25.00	Director	$0	$0	$0
MICHAEL CARUSI	DIRECTOR	25.00	Director	$0	$0	$0
LISA FERRANTE	DIRECTOR	25.00	Director	$0	$0	$0
KATHERINE MEGRUE-SMITH	DIRECTOR	25.00	Director	$0	$0	$0
BUTCH QUICK	DIRECTOR	25.00	Director	$0	$0	$0
SVAVA BRAGASON	DIRECTOR	25.00	Director	$0	$0	$0
SUE KEMP	DIRECTOR	25.00	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	$337,996	$357,927	$429,544	$-19,931
2024	$337,482	$326,276	$441,182	$11,206
2023	$392,102	$288,540	$416,897	$103,562