CHARTER OAK TEMPLE RESTORATION ASSOC D/B/A CHARTER OAK CULTURAL CENTER (EIN 061026597) - 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

1979

Legal Domicile

Principal Officer

DONNA BERMAN

Phone

8603102580

Tax Period

2024-01-01 to 2024-12-31

CHARTER OAK TEMPLE RESTORATION ASSOC D/B/A CHARTER OAK CULTURAL CENTER, founded in 1979, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. Net assets of $3.4M represent 33 months of operating reserves.

Mission

CHARTER OAK CULTURAL CENTER, A BEAUTIFUL HISTORIC LANDMARK AND VIBRANT ARTS CENTER, DOING THE WORK OF SOCIAL JUSTICE THROUGH THE ARTS.

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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 $1,171,968

Program Service Revenue $48,411

Investment Income $36,866

Other Revenue $-10,339

TOTAL REVENUE $1,246,906

Expense Breakdown

Grants Paid $0

Salaries & Benefits $665,340

Fundraising Expenses $58,406

Program Expenses $820,848

Other Expenses $589,415

TOTAL EXPENSES $1,254,755

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,246,906	$1,560,477	-0.2%
Expenses	$1,254,755	$1,183,697	+0.1%
Net Income	$-7,849	$376,780	-1.0%

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

$185,003

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA VITA	CHAIR	1.00	Officer Director	$0	$0	$0
REE MORROW	VICE CHAIR	1.00	Officer Director	$0	$0	$0
REBEKKA PODGORSKI	TREASURER	1.00	Officer Director	$0	$0	$0
DELMARYS SERRANO	SECRETARY	1.00	Officer Director	$0	$0	$0
RACHNA AGRAWAL	BOARD MEMBER	1.00	Director	$0	$0	$0
ANA ALFARO	BOARD MEMBER	1.00	Director	$0	$0	$0
ALVIN CARTER SR	BOARD MEMBER	1.00	Director	$0	$0	$0
INGRID DUPUY	BOARD MEMBER	1.00	Director	$0	$0	$0
EVA JACOBSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DONNA BERMAN	EXECUTIVE DIRECTOR	40.00	Officer	$107,368	$3,112	$110,480
LAURIE LEADER	MANAGING DIRECTOR	40.00	Officer	$72,352	$2,171	$74,523

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	$1,246,906	$1,254,755	$3,605,871	$-7,849
2023	$1,560,477	$1,183,697	$3,626,897	$376,780
2022	$1,708,512	$1,141,730	$3,399,268	$566,782
2021	$1,441,522	$872,007	$2,417,228	$569,515
2020	$1,080,283	$1,004,229	$1,884,477	$76,054
2019	$1,531,107	$964,648	$1,800,825	$566,459
2018	$986,402	$856,156	$1,240,727	$130,246

CHARTER OAK TEMPLE RESTORATION ASSOC D/B/A CHARTER OAK CULTURAL CENTER