THE ARTS PROJECT OF CHERRY GROVE N… - 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

1964

Legal Domicile

Principal Officer

MICHAEL MORAN

Phone

6508040507

Tax Period

2023-01-01 to 2023-12-31

THE ARTS PROJECT OF CHERRY GROVE NY INC, founded in 1964, is a small nonprofit in the Arts, Culture & Humanities sector that reported $195K in total revenue in fiscal year 2023. The organization ran a surplus of $45K, a strong 23% operating margin.

Mission

PROMOTION OF ARTS AND CULTURE IN THE HAMLET OF CHERRY GROVE, NEW YORK.

Program Service Accomplishments

Program 1

Expenses: $133,794 Revenue: $2,300

GENERALLY, THE ORGANIZATION (APCG) HOSTS THEATRICAL PROGRAMS INVOLVING COMMUNITY MEMBERS. APCG ALSO PRODUCES SPECIAL EVENTS WITH PERFORMERS FROM OUTSIDE THE COMMUNITY. APCG HOSTS PERIODIC MEMBERSHIP EVENTS. APCG SPONSORED A PRIDE PARADE. APCG FORMED A COMMITTEE TO FOCUS ON DIVERSITY, EQUITY AND INCLUSION, WHICH INCLUDED EDUCATIONAL PROGRAMS AND A JUNETEENTH CELEBRATION. APCG ACTED AS A FISCAL SPONSOR FOR ANOTHER ORGANIZATION, MULTIGENERATIONAL SUMMER STOCK THEATER, AND OVERSAW RELATED DISBURSEMENTS. APCG MAINTAINS THE CHERRY GROVE ARCHIVES, A HISTORICAL RECORD OR THE COMMUNITY'S HISTORY AND MEMBERS. APCG MAINTAINS SPACE FOR VARIOUS COMMUNITY ORGANIZATIONS TO HOLD MEETINGS.

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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 $170,450

Program Service Revenue $2,300

Investment Income $6,360

Other Revenue $16,348

TOTAL REVENUE $195,458

Expense Breakdown

Grants Paid $32,398

Salaries & Benefits $0

Fundraising Expenses $3,431

Program Expenses $133,794

Other Expenses $117,702

TOTAL EXPENSES $150,100

Year-over-Year Comparison

	2023	2022	Change
Revenue	$195,458	$192,890	+0.0%
Expenses	$150,100	$175,093	-0.1%
Net Income	$45,358	$17,797	+1.5%

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

N/A

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
MICHAEL MORAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
SUSAN PANZER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
ERIC COYNE	TREASURER	5.00	Officer Director	$0	$0	$0
KYLE TORRENCE	CORRESPONDING SECRETARY	5.00	Officer Director	$0	$0	$0
MATT FREEMAN	RECORDING SECRETARY	5.00	Officer Director	$0	$0	$0
JACK BARTHOLET	DIRECTOR	5.00	Director	$0	$0	$0
CHARLES CATANESE	DIRECTOR	5.00	Director	$0	$0	$0
KEN LEWIS	DIRECTOR	5.00	Director	$0	$0	$0
ANNETTE MAILLARD	DIRECTOR	5.00	Director	$0	$0	$0
CORY YOUNGER	DIRECTOR	5.00	Director	$0	$0	$0
RHONDA POTTER	DIRECTOR	5.00	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	$195,458	$150,100	$337,039	$45,358
2022	$192,890	$175,093	$291,681	$17,797
2021	$174,673	$120,139	$273,884	$54,534
2020	$72,084	$94,708	$219,351	$-22,624
2019	$128,026	$126,760	$242,768	$1,266
2018	$137,858	$119,421	$241,502	$18,437

THE ARTS PROJECT OF CHERRY GROVE NY INC