NORTHWEST CONNECTICUT ARTS COUNCIL INC

EIN: 061725017 501(c)(3) Arts, Culture & Humanities

TORRINGTON, CT

Total Revenue
$257,836
Total Expenses
$246,085
Total Assets
$224,423
Net Assets
$202,170
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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
2004
Legal Domicile
CT
Phone
8606180075
Tax Period
2023-01-01 to 2023-12-31

NORTHWEST CONNECTICUT ARTS COUNCIL INC, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $258K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $246K left a modest 5% surplus.

Mission

To support the culture in Northwestern Connecticut

Program Service Accomplishments

Program 1
Expenses: $70,096

Grant Programs through the NEA and DECD to re-grant the funds received. The Creative Partnership Grant and Access Grant Programs were an initiative of the NW CT Arts Council to help arts and cultural...

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Grant Programs through the NEA and DECD to re-grant the funds received. The Creative Partnership Grant and Access Grant Programs were an initiative of the NW CT Arts Council to help arts and cultural organizations continue to recover from the economic impact of the pandemic. Funding was awarded through the National Endowment of the Arts as part of the American Rescue Plan Act. The CT Office of the Arts,through the DECD, contracted with the NW CT Arts Council to manage the administration of funds to arts contractors.

Program 2
Expenses: $11,186 Revenue: $12,588

Other Programs

Program 3
Expenses: $5,762 Revenue: $3,545

Printed Events Calendars- promoting the region's cultural offerings.

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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 $233,587
Program Service Revenue $21,517
Investment Income $332
Other Revenue $2,400
TOTAL REVENUE $257,836

Expense Breakdown

Grants Paid $26,775
Salaries & Benefits $117,364
Fundraising Expenses $2,516
Program Expenses $91,155
Other Expenses $101,946
TOTAL EXPENSES $246,085

Year-over-Year Comparison

2023 2022 Change
Revenue $257,836 $443,919 -0.4%
Expenses $246,085 $374,514 -0.3%
Net Income $11,751 $69,405 -0.8%
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
12
Independent Members
12
Employees
3
Volunteers
35

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
6
$55,000
Total Directors
13
$55,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stephanie Burr Executive Dir. 40.00
Officer Director
$55,000 $0 $55,000
Sunday Fisher Board Chair 2.00
Officer Director
$0 $0 $0
Brian Boyle Secretary 2.00
Officer Director
$0 $0 $0
Carie Hodel Treasurer 2.00
Officer Director
$0 $0 $0
Eric Hammer Director 1.00
Director
$0 $0 $0
Margaret Smith Director 1.00
Director
$0 $0 $0
Susan Aziz Director 1.00
Director
$0 $0 $0
Allison MItchell Director 1.00
Director
$0 $0 $0
Stephen Gass Vice Chair 2.00
Officer Director
$0 $0 $0
Molly Smithsimon Director 1.00
Director
$0 $0 $0
Cynthia Hill Director 1.00
Director
$0 $0 $0
Cinzi Lavin Vice Chair 2.00
Officer Director
$0 $0 $0
Lex Sidon Director 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
2023 $257,836 $246,085 $224,423 $11,751
2022 $443,919 $374,514 $334,693 $69,405
2021 $231,977 $137,961 $154,781 $94,016
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