NEW HAVEN CENTER FOR PERFORMING ARTS INC

EIN: 061537819 501(c)(3) Arts, Culture & Humanities

WATERBURY, CT

Total Revenue
$6,275,453
Total Expenses
$5,723,483
Total Assets
$22,171,671
Net Assets
$1,420,049
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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
1999
Legal Domicile
CT
Principal Officer
LISA BUCCINO
Phone
2035731600
Tax Period
2023-01-01 to 2023-12-31

NEW HAVEN CENTER FOR PERFORMING ARTS INC, founded in 1999, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.3M in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $5.7M left a modest 9% surplus.

Mission

THE MISSION OF THE NEW HAVEN CENTER FOR PERFORMING ARTS IS TO PROMOTE AND FOSTER AN APPRECIATION FOR THE PERFORMING ARTS THROUGH THE OWNERSHIP AND OPERATION OF INDOOR AND OUTDOOR PERFORMING ARTS FACILITIES; TO SERVE THE LOCAL COMMUNITY BY DEVELOPING STRATEGIC ASSOCIATIONS WITH OTHER SECTION 501(C)(3) ORGANIZATIONS INVOLVED IN THE PERFORMING ARTS TO PROMOTE LIFE-LONG LEARNING BY DEVELOPING OPPORTUNITIES THAT ARE DIVERSE, MULTI-DISCIPLINARY, AND ACCESSIBLE TO ALL AGES, ETHNIC AND CULTURAL GROUPS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,909,485
Program Service Revenue $3,731,349
Investment Income $240,844
Other Revenue $393,775
TOTAL REVENUE $6,275,453

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,062,499
Fundraising Expenses $0
Program Expenses $5,723,483
Other Expenses $4,660,984
TOTAL EXPENSES $5,723,483

Year-over-Year Comparison

2023 2022 Change
Revenue $6,275,453 $10,584,637 -0.4%
Expenses $5,723,483 $8,867,970 -0.4%
Net Income $551,970 $1,716,667 -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

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Governance

Voting Members
7
Independent Members
7
Employees
274
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
7
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELISSA O GETTO PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
ANTHONY KIM MD DIRECTOR 1.00
Officer Director
$0 $0 $0
LISA G BUCCINO TREASURER 1.00
Officer Director
$0 $0 $0
JENNIFER ZEMBRUSKI VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
SAMUEL SIRKIN PRESIDENT 1.00
Officer Director
$0 $0 $0
JOHN J VOKET SECRETARY 1.00
Officer Director
$0 $0 $0
MICHAEL P YAMIN DIRECTOR 1.00
Officer 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
2024 No data No data No data No data
2023 $6,275,453 $5,723,483 $22,171,671 $551,970
2022 $10,584,637 $8,867,970 $16,640,507 $1,716,667
2021 $9,109,828 $8,964,889 $12,801,705 $144,939
2020 $2,424,461 $3,057,077 $8,812,250 $-632,616
2019 $2,396,585 $2,302,665 $6,991,159 $93,920
2018 $2,028,858 $2,169,312 $6,077,911 $-140,454
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