NEW HAVEN CENTER FOR PERFORMING AR… - 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

1999

Legal Domicile

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 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 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.

Program Service Accomplishments

Program 1

Expenses: $5,723,483 Revenue: $4,217,604

THE NEW HAVEN CENTER FOR PERFORMING ARTS (NHCPA) EDUCATIONAL AND OUTREACH MISSION IS TO BUILD AUDIENCES FOR THE PERFORMING ARTS AND TO DEEPEN THEIR ENGAGEMENT BY DEVELOPING PROGRAMS THAT ARE DIVERSE, MULTI-DISCIPLINARY, AND ACCESSIBLE TO A BROAD RANGE OF AGES, ABILITIES, ETHNIC AND CULTURAL GROUPS THROUGH STRATEGIC COLLABORATIONS WITH PERFORMING ARTISTS AND ARTS ORGANIZATIONS AS WELL AS CREATIVE PRACTITIONERS OF EMERGENT ART FORMS AND TECHNOLOGIES.DURING 2017, PROGRAM PLANS WERE SIGNIFICANTLY REVISED WITH FEEDBACK FROM VARIOUS COMMUNITY GROUPS AND INPUT FROM LEADERS IN ART, CULTURE, TOURISM AND EDUCATION TO FOCUS ON:1. CONTINUED SUBSIDIZED USE OF STAGE AND BOX OFFICE FACILITIES.2. CURATED VENDING OPPORTUNITIES (VISUAL ART AND CRAFT SHOWCASES WITH PERFORMANCES).3. PARTNERSHIPS WITH ARTISTIC COMPANIES-IN-RESIDENCE.NHCPA IS WORKING WITH A NETWORK OF COLLABORATING PARTNERS TO CREATE AWARENESS OF THESE OPPORTUNITIES AND FUTURE PROGRAMS AMONG STAFF AND STUDENTS OF NEW HAVEN CT'S PERFORMING ARTS SCHOOLS AND ACROSS THE CREATIVE ECOSYSTEM.

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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 $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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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

NEW HAVEN CENTER FOR PERFORMING ARTS INC