Garde Arts Center 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

1985

Legal Domicile

Phone

8604447373

Tax Period

2024-08-01 to 2025-07-31

Garde Arts Center Inc, founded in 1985, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.1M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $986K, a strong 19% operating margin.

Mission

The Garde Arts Center, non-profit professional center for the performing arts, strives to engage, educate, entertain, inspire, and enrich the region of greater New London County, by protecting, operating, and enhancing the historic Garde Theatre as a central cultural gathering place that presents top-quality performing arts, live music, film events, and fosters community arts organizations to strengthen community interaction and vitality.

Program Service Accomplishments

Program 1

Expenses: $3,482,394 Revenue: $2,193,653

The Garde Arts Center presented or hosted 75 live theater and film events, provided job training, mentorship, and cultural activities for disengaged youth, especially, assisted social service...

The Garde Arts Center presented or hosted 75 live theater and film events, provided job training, mentorship, and cultural activities for disengaged youth, especially, assisted social service organizations in fundraising and promotion, and continued to develop improvements to the block of historic buildings owned by the Garde, including a new sound system, a new loading dock, a new stage heating system, and design and planning for a third event space, Mercer Community Hall, with significant State and City contributions.

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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 $2,565,634

Program Service Revenue $2,193,653

Investment Income $270,516

Other Revenue $32,699

TOTAL REVENUE $5,062,502

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,045,009

Fundraising Expenses $212,133

Program Expenses $3,482,394

Other Expenses $3,031,851

TOTAL EXPENSES $4,076,860

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,062,502	$4,412,695	+0.1%
Expenses	$4,076,860	$4,027,779	+0.0%
Net Income	$985,642	$384,916	+1.6%

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

125

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

$122,741

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steven Sigel	Exec. Director	40.00	Officer	$118,603	$4,138	$122,741
Dr Lynda Smith	President	1.00	Officer Director	$0	$0	$0
Linda Mariani	Vice President	1.00	Officer Director	$0	$0	$0
Karen Ricciardi	Secretary	1.00	Officer Director	$0	$0	$0
Mark Woods	Treasurer	1.00	Officer Director	$0	$0	$0
Anthony Cronin	Trustee	1.00	Director	$0	$0	$0
John Padgett	Vice President	1.00	Officer Director	$0	$0	$0
Amy Donahue	Trustee	1.00	Director	$0	$0	$0
Anthony Davidowitz	Trustee	1.00	Director	$0	$0	$0
David Gellar	Trustee	1.00	Director	$0	$0	$0
Don Gibson	Trustee	1.00	Director	$0	$0	$0
Ken Kitchings	Trustee	1.00	Director	$0	$0	$0
Paul Mayer	Trustee	1.00	Director	$0	$0	$0
Phil Michalowski	Trustee	1.00	Director	$0	$0	$0
Stephanie McKeon	Trustee	1.00	Director	$0	$0	$0
Mark Oefinger	Trustee	1.00	Director	$0	$0	$0
Gregory Roth	Trustee	1.00	Director	$0	$0	$0
Patricia Todd	Trustee	1.00	Director	$0	$0	$0
Keishia Greene	Trustee	1.00	Director	$0	$0	$0
Justine Robertson	Trustee	1.00	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	$5,062,502	$4,076,860	$11,231,814	$985,642
2024	$4,412,695	$4,027,779	$10,113,752	$384,916
2023	$2,827,452	$3,015,694	$9,840,929	$-188,242
2022	$3,609,282	$2,636,107	$9,212,106	$973,175
2021	$1,995,834	$1,059,147	$7,593,343	$936,687
2020	$2,180,026	$2,406,231	$5,831,357	$-226,205
2019	$2,399,099	$2,686,227	$5,840,667	$-287,128
2018	$3,143,849	$2,590,551	$5,923,183	$553,298