SMITH CENTER FOR THE ARTS INC (EIN 132990562) - 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

1979

Legal Domicile

Principal Officer

SUSAN MONAGAN

Phone

3157815483

Tax Period

2023-01-01 to 2023-12-31

SMITH CENTER FOR THE ARTS INC, founded in 1979, is a small nonprofit that reported $840K in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $799K left a modest 5% surplus.

Mission

WITH A DIVERSITY OF PARTNERSHIPS, THE SMITH HOSTS PERFORMANCES, EVENTS, AND CELEBRATIONS THAT CATALYZE CREATIVITY AND ENGAGE THE FINGER LAKES COMMUNITY. THE SMITH IS COMMITTED TO THE STEWARDSHIP OF ITS STUNNING THEATER AND ENSURING ITS RELEVANCE TO TODAY'S ARTISTS AND AUDIENCES.

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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 $291,686

Program Service Revenue $425,658

Investment Income $73,107

Other Revenue $49,861

TOTAL REVENUE $840,312

Expense Breakdown

Grants Paid $0

Salaries & Benefits $340,939

Fundraising Expenses $0

Program Expenses $617,819

Other Expenses $458,320

TOTAL EXPENSES $799,259

Year-over-Year Comparison

	2023	2022	Change
Revenue	$840,312	$575,074	+0.5%
Expenses	$799,259	$781,695	+0.0%
Net Income	$41,053	$-206,621	-1.2%

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

$84,961

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBECCA BURDITT	CHAIR	1.00	Officer Director	$0	$0	$0
SHANELLE FRANCE	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
PAUL PERROTTO	TREASURER	1.00	Officer Director	$0	$0	$0
NANCY MCDERMOTT	SECRETARY	1.00	Officer Director	$0	$0	$0
ANNIE BICKHAM	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA BOND	DIRECTOR	1.00	Director	$0	$0	$0
SIM COVINGTON	DIRECTOR	1.00	Director	$0	$0	$0
ROBB FLOWERS	DIRECTOR	1.00	Director	$0	$0	$0
KAREN GOULET	DIRECTOR	1.00	Director	$0	$0	$0
JOAN GRELA	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE HESLER	DIRECTOR	1.00	Director	$0	$0	$0
JENNY MENGES	DIRECTOR	1.00	Director	$0	$0	$0
MARA O'LAUGHLIN	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY SHELTON	DIRECTOR	1.00	Director	$0	$0	$0
FORD WEISKITTEL	DIRECTOR	1.00	Director	$0	$0	$0
SUSIE MONAGAN	EXECUTIVE DIRECTOR	40.00	Officer	$84,961	$0	$84,961

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	No data	No data	No data	No data
2023	$840,312	$799,259	$2,431,909	$41,053
2022	$575,074	$781,695	$2,411,153	$-206,621
2021	$745,470	$611,913	$2,705,055	$133,557
2020	$244,313	$499,081	$2,186,139	$-254,768
2019	$1,161,643	$783,297	$2,315,130	$378,346
2018	$1,028,986	$668,090	$2,192,869	$360,896

SMITH CENTER FOR THE ARTS INC