NORWICH ARTS CENTER INC (EIN 061205398) - 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

1987

Legal Domicile

Principal Officer

PATRICIA LAPIERRE

Phone

8609082390

Tax Period

2023-07-01 to 2024-06-30

NORWICH ARTS CENTER INC, founded in 1987, is a small nonprofit that reported $583K in total revenue in fiscal year 2023. Revenue surged 423% from the prior year, signaling strong growth momentum. The organization ran a surplus of $459K, a strong 79% operating margin.

Mission

PROMOTE LOCAL ART AND 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 $534,727

Program Service Revenue $34,894

Investment Income $5

Other Revenue $13,268

TOTAL REVENUE $582,894

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $505

Program Expenses $108,313

Other Expenses $124,126

TOTAL EXPENSES $124,126

Year-over-Year Comparison

	2023	2022	Change
Revenue	$582,894	$111,527	+4.2%
Expenses	$124,126	$96,423	+0.3%
Net Income	$458,768	$15,104	+29.4%

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

N/A

Volunteers

N/A

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
SUSAN MASSE	SECRETARY	1.00	Officer	$0	$0	$0
PATRICIA LAPIERRE	TREASURER	10.00	Officer	$0	$0	$0
FAYE RINGEL	PRESIDENT	10.00	Officer	$0	$0	$0
CAROL DUNN	CO-PRESIDENT	10.00	Officer	$0	$0	$0
JAMES R MARSHALL III	BOARD MEMBER	1.00	Director	$0	$0	$0
YVETTE M SMALL	CHAIR MEMBER	1.00	Director	$0	$0	$0
RONALD BATES	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERTA J VINCENT	BOARD MEMBER	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	No data	No data	No data	No data
2024	$582,894	$124,126	$937,972	$458,768
2023	$111,527	$96,423	$485,431	$15,104
2022	$90,822	$86,706	$480,661	$4,116
2021	$54,797	$48,495	$492,284	$6,302

NORWICH ARTS CENTER INC