ART COUNCIL OF GREATER NEW HAVEN INC (EIN 066082782) - 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

1965

Legal Domicile

Principal Officer

HOPE CHAVEZ

Phone

2037722788

Tax Period

2024-07-01 to 2025-06-30

ART COUNCIL OF GREATER NEW HAVEN INC, founded in 1965, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $1.5M exceeded revenue, resulting in a 23% operating deficit.

Mission

THE ARTS COUNCIL STRIVES TO ADVANCE GREATER NEW HAVEN BY PROVIDING LEADERSHIP AND SUPPORT TO OUR DIVERSE ARTS COMMUNITY. WE ENVISION A THRIVING ARTS COMMUNITY AT THE HEART OF GREATER NEW HAVEN. WE BELIEVE THAT ART, CULTURE, AND CREATIVITY ARE FUNDAMENTAL HUMAN RIGHTS.

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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 $1,012,763

Program Service Revenue $0

Investment Income $5,051

Other Revenue $183,622

TOTAL REVENUE $1,201,436

Expense Breakdown

Grants Paid $391,657

Salaries & Benefits $366,759

Fundraising Expenses $42,932

Program Expenses $1,351,264

Other Expenses $718,211

TOTAL EXPENSES $1,476,627

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,201,436	$1,275,153	-0.1%
Expenses	$1,476,627	$1,713,412	-0.1%
Net Income	$-275,191	$-438,259	-0.4%

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

$188,206

Total Directors

$188,206

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOPE CHAVEZ	EXECUTIVE DI	40.00	Officer Director	$89,434	$11,548	$100,982
WINTER MARSHALL	OPERATIONS D	40.00	Officer Director	$74,057	$13,167	$87,224
MAGALY CAJIGAS	CHAIR	2.00	Officer Director	$0	$0	$0
SHAMAIN MCALLISTER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KATHARINE HSU HAGMANN	SECRETARY	2.00	Officer Director	$0	$0	$0
RAYAN SAAD	TREASRURER	2.00	Officer Director	$0	$0	$0
PATRICIA BRETT	DIRECTOR	2.00	Director	$0	$0	$0
ELAINE CARROLL	DIRECTOR	2.00	Director	$0	$0	$0
JOEL DODSON	DIRECTOR	2.00	Director	$0	$0	$0
ANESSAH LANGLEY	DIRECTOR	2.00	Director	$0	$0	$0
BABZ RAWLS IVY	DIRECTOR	2.00	Director	$0	$0	$0
ANALIS QUINTMAN	DIRECTOR	2.00	Director	$0	$0	$0
MILA VOLPE	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY L MORENO	DIRECTOR	2.00	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
2025	$1,201,436	$1,476,627	$604,625	$-275,191
2024	No data	No data	No data	No data
2023	$1,822,524	$1,358,548	$1,364,732	$463,976
2022	$2,125,302	$2,161,428	$932,144	$-36,126
2021	$1,081,736	$1,034,240	$1,017,646	$47,496
2020	$882,186	$783,009	$1,051,533	$99,177
2019	$535,424	$503,024	$608,082	$32,400

ART COUNCIL OF GREATER NEW HAVEN INC