STAMFORD CENTER 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

1980

Legal Domicile

Principal Officer

MICHAEL E MORAN JR

Phone

2033582305

Tax Period

2024-07-01 to 2025-06-30

STAMFORD CENTER FOR THE ARTS INC, founded in 1980, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.1M in total revenue in fiscal year 2024. Expenses of $7.0M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO ENTERTAIN, EDUCATE AND ENRICH THE DIVERSE POPULATION OF STAMFORD, AND FAIRFIELD COUNTY.

Program Service Accomplishments

Program 1

Expenses: $6,036,623 Revenue: $4,867,712

THEATER OPERATIONS RENTALS AND EVENTS - THE RICH FORUM FACILITY IS LEASED FOR TELEVISION PROGRAMMING AND THE PALACE FACILITY IS RENTED TO VARIOUS GROUPS TO PROVIDE LIVE ENTERTAINMENT. VARIOUS...

THEATER OPERATIONS RENTALS AND EVENTS - THE RICH FORUM FACILITY IS LEASED FOR TELEVISION PROGRAMMING AND THE PALACE FACILITY IS RENTED TO VARIOUS GROUPS TO PROVIDE LIVE ENTERTAINMENT. VARIOUS CULTURAL AND THEATRICAL EVENTS ARE PRESENTED.

Program 2

Expenses: $130,450

EDUCATION - AN EDUCATION PROGRAM IS CONDUCTED WHICH INVOLVES PEOPLE OF DIFFERENT AGES AND SOCIOECONOMIC BACKGROUNDS IN CULTURAL PROGRAMS, AND PROVIDES THEM WITH THE OPPORTUNITY TO EXPERIENCE FIRST...

EDUCATION - AN EDUCATION PROGRAM IS CONDUCTED WHICH INVOLVES PEOPLE OF DIFFERENT AGES AND SOCIOECONOMIC BACKGROUNDS IN CULTURAL PROGRAMS, AND PROVIDES THEM WITH THE OPPORTUNITY TO EXPERIENCE FIRST HAND THE EXCITEMENT OF THE PERFORMING ARTS BY ALLOWING THEM TO ATTEND THEATRICAL PRODUCTIONS, ATTEND SUMMER CAMPS AND BY HAVING ARTISTS VISIT LOCAL SCHOOLS AND COMMUNITY CENTERS.

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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 $849,831

Program Service Revenue $4,867,712

Investment Income $112,148

Other Revenue $243,469

TOTAL REVENUE $6,073,160

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,302,406

Fundraising Expenses $204,480

Program Expenses $6,167,073

Other Expenses $4,722,810

TOTAL EXPENSES $7,025,216

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,073,160	$6,233,157	0.0%
Expenses	$7,025,216	$6,808,456	+0.0%
Net Income	$-952,056	$-575,299	+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

184

Volunteers

120

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

$413,707

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLINE SIMMONS	CHAIRMAN EX-OFFICIO	1.00	Director	$0	$0	$0
SHERYL Y BATTLES	BOARD MEMBER (LEFT 9/24)	1.00	Director	$0	$0	$0
GREG CAGGAINELLO	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY TRAHAN	SECRETARY ( LEFT 9/24)	1.00	Officer Director	$0	$0	$0
TRACIE WILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL P BYRNE	VP - STRATEGIC PLANNING	1.00	Officer Director	$0	$0	$0
PETER M GABRIEL	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA ZICHICHI	BOARD MEMBER (LEFT 9/24)	1.00	Director	$0	$0	$0
JONATHAN E LIPSCHUTZ	TREASURER	1.00	Officer Director	$0	$0	$0
PETER C RUGEN	VICE PRESIDENT- SPECIAL AFFAIRS	1.00	Officer Director	$0	$0	$0
NANCY ERSKINE	VP-GOVERNANCE (LEFT 9/24)	1.00	Officer Director	$0	$0	$0
CHRISTOPHER MOZINGO	CHAIRMAN	1.00	Officer Director	$0	$0	$0
TINA MAZZULLO	BOARD MEMBER	1.00	Director	$0	$0	$0
JANEEN FREEMAN	BOARD MEMBER (LEFT 9/24)	1.00	Director	$0	$0	$0
SUSANNE MCAVOY	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTIN I KAGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ALICE KNAPP	BOARD MEMBER	1.00	Director	$0	$0	$0
JANINE SCHLIERF	BOARD MEMBER	1.00	Director	$0	$0	$0
BARRY MONIES	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW REARDON	BOARD MEMBER	1.00	Director	$0	$0	$0
KEEGAN DRENOSKY	BOARD MEMBER	1.00	Director	$0	$0	$0
LAUREN MEYER	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL E MORAN JR	PRESIDENT AND CEO	40.00	Officer	$223,674	$24,509	$248,183
JASON PIETRANGELI	CHIEF FINANCIAL OFFICER	40.00	Officer	$163,637	$1,887	$165,524
RANDALL THOMAS	DIRECTOR OF PRODUCTION & FACILITIES	40.00	Highest	$147,717	$13,282	$160,999

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	$6,073,160	$7,025,216	$17,521,886	$-952,056
2024	$6,233,157	$6,808,456	$18,803,094	$-575,299
2023	$6,597,193	$6,174,745	$19,069,555	$422,448
2022	$7,026,118	$5,384,874	$18,714,807	$1,641,244
2021	$3,007,680	$2,383,429	$17,206,825	$624,251
2020	$3,550,086	$4,104,340	$16,566,714	$-554,254
2019	$4,618,401	$5,165,246	$16,897,588	$-546,845