PORT CHESTER COUNCIL FOR THE ARTS … - 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

1987

Legal Domicile

Principal Officer

DENISE COLANGELO

Phone

9142244813

Tax Period

2023-04-01 to 2024-03-31

PORT CHESTER COUNCIL FOR THE ARTS INC, founded in 1987, is a small nonprofit in the Arts, Culture & Humanities sector that reported $972K in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE A VARIETY OF HIGH QUALITY INNOVATIVE PROGRAMS TO BUILD AND ENCOURAGE COOPERATION AND COMMUNITY THROUGH ARTISTIC EXPERIENCES.

Program Service Accomplishments

Program 1

Expenses: $850,539

ASPIRE AFTER SCHOOL PROGRAM PROVIDES A SAFE & CREATIVE AFTER SCHOOL ENVIRONMENT DESIGNED TO PROVIDE POST-COVID SUPPORT AND TO ADDRESS SOCIAL, EMOTIONAL AND ACADEMIC NEEDS. FORTY PERCENT OF STUDENTS RECEIVE FINANCIAL AID TO ATTEND THE PROGRAM. PROGRAM RUNS CONCURRENTLY WITH PORT CHESTER SCHOOL CALENDAR.

Program 2

Expenses: $25,082

PERFORMANCES THEATRE PROGRAM PROVIDE INSTRUCTION IN COORDINATION W/ PORT CHESTER PUBLIC SCHOOLS IN THE THEATRE PRODUCING SOME OF THE HIGHEST QUALITY COMMUNITY THEATRE IN WESTCHESTER COUNTY. STUDENTS AS YOUNG AS EIGHT STEP ONTO THE STAGE, SOME FOR THE FIRST TIME, TO EXPERIENCE THE JOY OF PERFORMING. TEENAGERS HAVE THE OPPORTUNITY TO PERFORM OR WORK ON CREW FOR BOTH THE TEEN SHOW AND THE CHILDREN'S SHOW, LEARNING HOW TO DESIGN, BUILD AND CHANGE SETS. ADDITIONAL PRODUCTIONS FEATURE COLLEGE STUDENTS AND YOUNG ADULTS AND REUNION SHOWS WITH CHILDREN'S AND TEEN THEATRE ALUMNI.

Program 3

Expenses: $38,537

ARTS CAMP PROVIDES HALF AND FULL DAY ARTS AND THEATRE PROGRAMS FOR GRADES K-9.

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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 $0

Program Service Revenue $970,561

Investment Income $0

Other Revenue $1,936

TOTAL REVENUE $972,497

Expense Breakdown

Grants Paid $0

Salaries & Benefits $739,112

Fundraising Expenses $0

Program Expenses $914,158

Other Expenses $223,347

TOTAL EXPENSES $962,459

Year-over-Year Comparison

	2023	2022	Change
Revenue	$972,497	$2,088,499	-0.5%
Expenses	$962,459	$2,289,130	-0.6%
Net Income	$10,038	$-200,631	-1.1%

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

155

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

$96,269

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET SCULTI	PRESIDENT	0.50	Officer Director	$0	$0	$0
JENNIFER CARRIERO-DOMINGUEZ	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
LAURIE GLOCKENBERG	TREASURER	0.50	Officer Director	$0	$0	$0
KAREN JENSEN PROVENZANO	SECRETARY	0.50	Officer Director	$0	$0	$0
ANNE VACCARO BRADY	BOARD MEMBER	0.50	Director	$0	$0	$0
SUSAN COVINO	BOARD MEMBER	0.50	Director	$0	$0	$0
CRISTY HEFFERNAN	BOARD MEMBER	0.50	Director	$0	$0	$0
ROSEMARIE BARONE	BOARD MEMBER	0.50	Director	$0	$0	$0
ANNA KAMENSKY	BOARD MEMBER	0.50	Director	$0	$0	$0
CLAUDIA PISACANO LEVY	BOARD MEMBER	0.50	Director	$0	$0	$0
PATRICIA RINELLO	BOARD MEMBER	0.50	Director	$0	$0	$0
ELIZABETH CZAJKOWSKI ROTFELD	BOARD MEMBER	0.50	Director	$0	$0	$0
STEVEN BORZONI	BOARD MEMBER	0.50	Director	$0	$0	$0
DENISE COLANGELO	EXECUTIVE DIRECTOR	35.00	Officer	$96,269	$0	$96,269
CAMILLE LINEN	EDUCATION DIRECTOR	0.50	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	$972,497	$962,459	$103,687	$10,038
2023	$2,088,499	$2,289,130	$77,153	$-200,631
2022	$1,225,711	$1,004,302	$260,716	$221,409
2021	$97,927	$152,333	$37,326	$-54,406
2020	$533,657	$567,927	$47,332	$-34,270
2019	$658,596	$635,807	$82,073	$22,789

PORT CHESTER COUNCIL FOR THE ARTS INC