ROWAYTON ARTS CENTER (EIN 066070045) - 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

1960

Legal Domicile

Principal Officer

JAY WILSON

Phone

2038662744

Tax Period

2024-01-01 to 2024-12-31

ROWAYTON ARTS CENTER, founded in 1960, is a small nonprofit in the Arts, Culture & Humanities sector that reported $422K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $409K left a modest 3% surplus.

Mission

THE ROWAYTON ARTS CENTER (RAC) CELEBRATES THE STUDY, CREATION AND APPRECIATION OF THE ARTS THROUGH CLASSES, EXHIBITIONS AND EVENTS OPEN TO ALL IN THE COMMUNITY.

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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 $78,182

Program Service Revenue $326,354

Investment Income $19,673

Other Revenue $-2,640

TOTAL REVENUE $421,569

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,212

Fundraising Expenses $5,501

Program Expenses $327,924

Other Expenses $305,300

TOTAL EXPENSES $408,512

Year-over-Year Comparison

	2024	2023	Change
Revenue	$421,569	$357,259	+0.2%
Expenses	$408,512	$362,882	+0.1%
Net Income	$13,057	$-5,623	-3.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE MERNICK	DIRECTOR	2.00	Director	$0	$0	$0
JUDITH KATZ	DIRECTOR	2.00	Director	$0	$0	$0
KATHLEEN WEINSTOCK	DIRECTOR	2.00	Director	$0	$0	$0
EUNICE ROY	DIRECTOR	2.00	Director	$0	$0	$0
PAMELA PARK PROCTOR	DIRECTOR	2.00	Director	$0	$0	$0
JAY WILSON	PRESIDENT	2.00	Officer	$0	$0	$0
LULU MCPHEE	VICE PRESIDENT	2.00	Officer	$0	$0	$0
CHARLY SAHLIA	TREASURER	2.00	Officer	$0	$0	$0
KIM KERNAM	SECRETARY	2.00	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
2024	$421,569	$408,512	$1,050,379	$13,057
2023	$357,259	$362,882	$932,482	$-5,623
2022	$351,758	$315,867	$846,640	$35,891
2021	$316,076	$292,774	$934,540	$23,302
2020	$291,565	$244,474	$820,564	$47,091
2019	$322,676	$319,857	$710,628	$2,819

ROWAYTON ARTS CENTER