NEW CANAAN SOCIETY FOR THE ARTS INC (EIN 060965395) - 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

1977

Legal Domicile

Principal Officer

RICHARD COMPANIK

Phone

2039721895

Tax Period

2023-08-01 to 2024-07-31

NEW CANAAN SOCIETY FOR THE ARTS INC, founded in 1977, is a small nonprofit that reported $337K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $326K left a modest 3% surplus.

Mission

ENCOURAGE ART APPRECIATION

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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 $94,553

Program Service Revenue $203,368

Investment Income $29,105

Other Revenue $10,456

TOTAL REVENUE $337,482

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,841

Fundraising Expenses $0

Program Expenses $77,256

Other Expenses $136,435

TOTAL EXPENSES $326,276

Year-over-Year Comparison

	2023	2022	Change
Revenue	$337,482	$392,102	-0.1%
Expenses	$326,276	$288,540	+0.1%
Net Income	$11,206	$103,562	-0.9%

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

$78,500

Total Directors

$78,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD COMPANIK	PRESIDENT	10.00	Officer Director	$0	$0	$0
SUZANNE LAVIERI	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
SVAVA BRAGSON	TREASURER	10.00	Officer Director	$0	$0	$0
LISA FERRANTE	SECRETARY	10.00	Officer Director	$0	$0	$0
ANGELA PISCITELLO	DIRECTOR	3.00	Director	$0	$0	$0
PHILIP WILLIAMS	DIRECTOR	3.00	Director	$0	$0	$0
GEORGE BENNINGTON	DIRECTOR	3.00	Director	$0	$0	$0
THOMAS BERNSTEN	DIRECTOR	3.00	Director	$0	$0	$0
MICHAEL CARUSI	DIRECTOR	3.00	Director	$0	$0	$0
BJ FLAGG	DIRECTOR	3.00	Director	$0	$0	$0
MARTIE MACKAY	DIRECTOR	3.00	Director	$0	$0	$0
KATHERINE MEGRUE SMITH	DIRECTOR	3.00	Director	$0	$0	$0
BUTCH QUICK	DIRECTOR	3.00	Director	$0	$0	$0
ARIANE TRIAY	DIRECTOR	3.00	Director	$0	$0	$0
HILARY WITTMANN	EXECUTIVE DIRECTOR	40.00	Officer Director	$78,500	$0	$78,500

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
2024	$337,482	$326,276	$441,182	$11,206
2023	$392,102	$288,540	$416,897	$103,562

NEW CANAAN SOCIETY FOR THE ARTS INC