NORTHWEST CONNECTICUT ARTS COUNCIL INC (EIN 061725017) - 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

2004

Legal Domicile

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

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$55,000

Total Directors

$55,000

Key Employees

Highest Compensated

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

NORTHWEST CONNECTICUT ARTS COUNCIL INC