CHARTER OAK PERFORMING ARTS INC (EIN 061213407) - 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

Julie Kelly

Phone

2037772923

Tax Period

2024-07-01 to 2025-06-30

CHARTER OAK PERFORMING ARTS INC, founded in 1987, is a small nonprofit that reported $147K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $41K, a strong 28% operating margin.

Mission

to foster understanding among diverse audience through musical expression

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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 $37,147

Program Service Revenue $76,617

Investment Income $0

Other Revenue $33,268

TOTAL REVENUE $147,032

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $57,276

Other Expenses $105,577

TOTAL EXPENSES $105,577

Year-over-Year Comparison

	2024	2023	Change
Revenue	$147,032	$181,150	-0.2%
Expenses	$105,577	$94,932	+0.1%
Net Income	$41,455	$86,218	-0.5%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

$20,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Julie Kelly	General Manager	25	Highest	$26,000	$0	$26,000
Gregory McMahan	Artistic Director	25	Key Emp	$20,000	$0	$20,000
Marcus Tart	Director	2	Director	$0	$0	$0
Dan Schmidt	Director	2	Director	$0	$0	$0
Demetrius Colvin	Director	2	Director	$0	$0	$0
Patrick Fernandez	Director	2	Director	$0	$0	$0
Anthony San Miguel	Director	2	Director	$0	$0	$0
Jeffery Enos	Treasurer	5	Officer	$0	$0	$0
Andrew Ganaros	Vice President	10	Officer	$0	$0	$0
Nick Lovell	President	10	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	$147,032	$105,577	$305,091	$41,455
2024	$181,150	$94,932	$259,486	$86,218
2023	$168,129	$80,205	$173,347	$87,924

CHARTER OAK PERFORMING ARTS INC