NORTHWEST CONNECTICUT ASSOCIATION … - Form 990 Financial Data

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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

BRYAN SOLTIS

Phone

8604897180

Tax Period

2024-07-01 to 2025-06-30

NORTHWEST CONNECTICUT ASSOCIATION FOR THE ARTS INC, founded in 1980, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.9M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $4.8M exceeded revenue, resulting in a 21% operating deficit.

Mission

DEVELOPMENT AND PRESENTATION OF THE PERFORMING ARTS AND THE PROMOTION OF ARTS EDUCATION. NORTHWEST CONNECTICUT ASSOCIATION FOR THE ARTS, INC. PURPOSE IS TO PROVIDE FOR THE DEVELOPMENT OF THE PERFORMING, VISUAL AND LITERARY ARTS THROUGH MEDIA PRESENTATIONS, LOCAL COMMUNITY STAGE PRODUCTIONS, PROVIDING AVENUE FOR LOCAL AND REGIONAL ORGANIZATIONS AND NATIONAL TOURING COMPANIES AND ARTISTS AND THE OFFERING OF EDUCATIONAL OPPORTUNITIES. THE ORGANIZATION ALSO HAS AS ITS PURPOSE THE PRESERVATION AND MAINTENANCE OF THE HISTORICAL WARNER THEATRE BUILDING, NANCY MARINE STUDIO THEATRE, AND THE WARNER CAMPUS.

Program Service Accomplishments

Program 1

Expenses: $3,004,856 Revenue: $2,282,895

PRODUCTION AND PRESENTATION OF LIVE STAGE EVENTS: SUCCESSFUL PRODUCTION AND PRESENTATION OF FIVE LOCAL PRODUCTIONS. PRESENTATION OF NUMEROUS TOURING SHOWS, THAT SOLD 30,069 TICKETS, OF WHICH 27,608...

Program 2

Expenses: $128,360 Revenue: $115,119

EDUCATION PROVIDED NUMEROUS EDUCATIONAL PROGRAMMING BENEFITTING CHILDREN THROUGHOUT THE REGION.

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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 $1,321,152

Program Service Revenue $2,328,391

Investment Income $17,744

Other Revenue $272,138

TOTAL REVENUE $3,939,425

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,059,497

Fundraising Expenses $578,994

Program Expenses $3,133,216

Other Expenses $3,725,222

TOTAL EXPENSES $4,784,719

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,939,425	$3,638,162	+0.1%
Expenses	$4,784,719	$4,157,837	+0.2%
Net Income	$-845,294	$-519,675	+0.6%

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

200

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
BRIAN MATTIELLO	CHAIRMAN	2.00	Officer Director	$0	$0	$0
CAROL MARINE	DIRECTOR	2.00	Director	$0	$0	$0
CATHY COYLE	OUTGOING DIRECTOR	2.00	Director	$0	$0	$0
DIANE HONIG	DIRECTOR	2.00	Director	$0	$0	$0
EDWARD COOK	OUTGOING DIRECTOR	2.00	Director	$0	$0	$0
GARY ARNOLD	OUTGOING DIRECTOR	2.00	Director	$0	$0	$0
HON ANNE DRANGINIS	CORP. SECRETARY	2.00	Officer Director	$0	$0	$0
JUDITH THEEB	OUTGOING DIRECTOR	2.00	Director	$0	$0	$0
KIM DANDREA	DIRECTOR	2.00	Director	$0	$0	$0
LAURA SOK	OUTGOING DIRECTOR	2.00	Director	$0	$0	$0
LESA VANOTTI	TREASURER	2.00	Officer Director	$0	$0	$0
LYNNE WILSON	RECORDING SECRETARY	2.00	Officer Director	$0	$0	$0
MATTHEW TERZIAN	DIRECTOR	2.00	Director	$0	$0	$0
MAURA MALO	DIRECTOR	2.00	Director	$0	$0	$0
PAUL SUMMERS	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
PETER BRAZAITIS	DIRECTOR	2.00	Director	$0	$0	$0
RON UTTERBECK	DIRECTOR	2.00	Director	$0	$0	$0
TRAVIS LIPINSKI	DIRECTOR	2.00	Director	$0	$0	$0
BRYAN SOLTIS	CHIEF FINANCIAL OFFICER	15.00	Officer	$0	$0	$0
PATRICK LANGEVIN	CO-EXECUTIVE DIRECTOR	15.00	Officer	$0	$0	$0
STEPHANIE FRIED	CO-EXECUTIVE DIRECTOR	15.00	Officer	$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	$3,939,425	$4,784,719	$8,529,745	$-845,294
2024	$3,638,162	$4,157,837	$9,429,418	$-519,675
2023	$3,294,196	$4,177,605	$10,057,393	$-883,409
2022	$3,781,134	$3,397,852	$10,878,359	$383,282
2021	$1,925,659	$1,406,479	$10,165,094	$519,180
2020	$2,512,203	$2,533,779	$9,690,349	$-21,576
2019	$2,966,636	$3,411,232	$9,110,725	$-444,596

NORTHWEST CONNECTICUT ASSOCIATION FOR THE ARTS INC