THE CENTER FOR ARTS EDUCATION INC

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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

1996

Legal Domicile

Principal Officer

WESNER PIERRE

Phone

2126899500

Tax Period

2020-07-01 to 2021-06-30

THE CENTER FOR ARTS EDUCATION INC, founded in 1996, is a small nonprofit that reported $892K in total revenue in fiscal year 2020. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $187K, a strong 21% operating margin.

Mission

ESTABLISHED IN 1996, THE CENTER FOR ARTS EDUCATION (CAE) HAS BEEN A STALWART ADVOCATE FOR AND PROVIDER OF QUALITY ARTS EDUCATION FOR MORE THAN TWO DECADES. TODAY, CAE TAKES A UNIQUELY COMPREHENSIVE APPROACH TO ARTS EDUCATION BY PROVIDING ARTS INSTRUCTION AT ALL GRADE LEVELS AND IN ALL DISCIPLINES; AND LINKING THE ARTS TO 21ST CENTURY SKILLS: CREATIVITY, COMMUNICATION, COLLABORATION, AND CRITICAL THINKING. CAE ALSO HAS UNIQUE PROGRAMS THAT PREPARE HIGH SCHOOL STUDENTS FOR CAREERS IN THE CREATIVE INDUSTRIES; ENGAGE FAMILIES IN THE ARTS; AND DELIVER PROFESSIONAL DEVELOPMENT AND CAPACITY-BUILDING PROGRAMS FOR EDUCATORS.

Program Service Accomplishments

Program 1

Expenses: $270,364

PROFESSIONAL DEVELOPMENT: CAE DEVISES AND LEADS PROFESSIONAL SEMINARS, WORKSHOPS AND PEER EXCHANGE OPPORTUNITIES FOR PRINCIPALS, CLASSROOM TEACHERS, IN-SCHOOL ARTS SPECIALISTS AND TEACHING ARTISTS TO...

Program 2

Expenses: $232,904 Revenue: $36,051

SCHOOL-BASED PROGRAMS: THE CENTER FOR ARTS EDUCATION (CAE) DESIGNS AND IMPLEMENTS SCHOOL-DAY, SUMMER, AND AFTERSCHOOL RESIDENCIES IN THE VISUAL AND PERFORMING ARTS FOR PRE-K TO 12TH GRADE STUDENTS...

SCHOOL-BASED PROGRAMS: THE CENTER FOR ARTS EDUCATION (CAE) DESIGNS AND IMPLEMENTS SCHOOL-DAY, SUMMER, AND AFTERSCHOOL RESIDENCIES IN THE VISUAL AND PERFORMING ARTS FOR PRE-K TO 12TH GRADE STUDENTS. OUR ARTS RESIDENCIES AND WORKSHOPS, LED BY CAE'S MASTER TEACHING ARTISTS, SUPPORT ARTS PLUS ARTS INTEGRATED UNITS OF STUDY THAT ARE ALIGNED WITH STATE AND CITY ARTS LEARNING STANDARDS AND BUILD 21ST CENTURY SKILLS: CREATIVITY, COMMUNICATION, COLLABORATION, INTRINSICALLY MOTIVATED RESEARCH, AND CRITICAL THINKING. CAE ALSO PROVIDES A UNIQUE FAMILY ENGAGEMENT PROGRAM AND A ROBUST CAREER DEVELOPMENT PROGRAM THAT INTRODUCES HIGH SCHOOL STUDENTS TO CAREERS IN THE ARTS AND PROVIDES POST-SECONDARY FINANCIAL ASSISTANCE.

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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 (2020)

Revenue Breakdown

Contributions & Grants $819,481

Program Service Revenue $36,051

Investment Income $16,652

Other Revenue $20,313

TOTAL REVENUE $892,497

Expense Breakdown

Grants Paid $58,945

Salaries & Benefits $423,416

Fundraising Expenses $101,746

Program Expenses $503,268

Other Expenses $223,380

TOTAL EXPENSES $705,741

Year-over-Year Comparison

	2020	2019	Change
Revenue	$892,497	$1,090,777	-0.2%
Expenses	$705,741	$1,353,833	-0.5%
Net Income	$186,756	$-263,056	-1.7%

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

$457,997

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JILL BRAUFMAN	CHAIR	1.00	Officer Director	$0	$0	$0
JAMES GREENBERG	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOANNE LENHART	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PARESH TRIVEDI	SECRETARY	1.00	Officer Director	$0	$0	$0
ANGELA CHEN	TREASURER	1.00	Officer Director	$0	$0	$0
AMY ADLER	DIRECTOR	1.00	Director	$0	$0	$0
MARJORIE ALTSCHULER	DIRECTOR	1.00	Director	$0	$0	$0
LAWRENCE BENENSON	DIRECTOR	1.00	Director	$0	$0	$0
TOM BOOKER	DIRECTOR	1.00	Director	$0	$0	$0
LATASHA BROWN	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDRA MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SHOOKHOFF	DIRECTOR	1.00	Director	$0	$0	$0
CHLOE TAPP	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA WARREN	DIRECTOR THRU 06/22/21	1.00	Director	$0	$0	$0
HELENA WILLNER	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET CROTTY	EXECUTIVE DIRECTOR	5.00	Officer	$0	$0	$275,333
MARINA SCHREIBER CHIEF	FINANCIAL & ADMIN OFFICER	5.00	Officer	$0	$14,368	$182,664

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
2021	$892,497	$705,741	$1,309,101	$186,756
2021	$314,908	$179,596	No data	$135,312
2021	$314,908	$179,596	No data	$135,312
2020	$1,090,777	$1,353,833	$1,101,984	$-263,056
2019	$1,636,928	$2,096,390	$1,165,628	$-459,462
2018	$1,773,597	$2,275,984	$1,750,636	$-502,387