THE CATSKILL MOUNTAIN FOUNDATION I… - 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

1998

Legal Domicile

Principal Officer

SARAH FINN

Phone

5182632000

Tax Period

2023-01-01 to 2023-12-31

THE CATSKILL MOUNTAIN FOUNDATION INC, founded in 1998, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $3.4M exceeded revenue, resulting in a 21% operating deficit.

Mission

THE CATSKILL MOUNTAIN FOUNDATION'S ("CMF") GOALS ARE TO (1) CREATE PROGRAMS IN THE PERFORMING ARTS, VISUAL ARTS, STUDIO ARTS, LITERARY ARTS, AND FILM. CMF CURRENTLY OPERATES ITS PROGRAMS IN THE VILLAGES OF HUNTER AND TANNERSVILLE AND THE TOWN OF WINDHAM IN GREENE COUNTY, NY; (2) SUPPORT THE WORK OF ARTISTS THROUGH EXHIBITION AND PERFORMANCE OPPORTUNITIES AND RESIDENCY PROGRAMS; (3) CREATE CULTURAL AND EDUCATIONAL OPPORTUNITIES FOR RESIDENTS AND VISITORS IN THE CATSKILL REGION THAT SUPPORT THE GOALS OF INCLUSION, DIVERSITY, EQUITY AND ACCESS; (4) USE THESE INITIATIVES TO BUILD ON THE MOUNTAINTOP'S CURRENT ASSETS AND TO TURN THESE THREE CLOSE COMMUNITIES INTO A MAJOR CULTURAL AND EDUCATIONAL CENTER IN THE REGION.

Program Service Accomplishments

Program 1

Expenses: $1,958,436 Revenue: $197,945

THE ARTS PROGRAM ENCOMPASSES THE FOUNDATION'S ART-RELATED PROGRAMS, WHICH INCLUDES THE PERFORMING ARTS AND FILM CENTERS, PERFORMANCE PIANO MUSEUM, SUGAR MAPLES CENTER FOR CREATIVE ARTS, ART EXPLORERS...

Program 2

Expenses: $207,993 Revenue: $193,694

THE EDUCATION PROGRAM HOSTS SEVERAL EDUCATIONAL RESIDENCY PROGRAMS FOR YOUNG ARTISTS, EACH ONE FEATURING WORLD CLASS FACULTY. ACTIVITIES INCLUDE MANHATTAN IN THE MOUNTAINS, ORPHEUM DANCE PROJECT AND ACADEMY OF FORTEPIANO. THE SUBSEQUENT INTEGRATION OF PERFORMING ARTS PROGRAMMING BY THE FOUNDATION HAS INCREASED ACADEMIC SUCCESS, FOSTERED LIFE-LONG LEARNING SKILLS, IMPROVED SOCIAL AND INTERPERSONAL INTERACTIONS AND DEVELOPED SKILLS AND POSITIVE ATTITUDES TOWARDS THE ARTS.

Program 3

Expenses: $386,685

THE FOUNDATION PUBLISHES THE CATSKILL MOUNTAIN REGION GUIDE MAGAZINE, WITH A MONTHLY READERSHIP OF 15,000. THIS IS A FREE, FULL-COLOR TRAVEL AND TOURISM PUBLICATION AND IS DISTRIBUTED THROUGHOUT THE CATSKILL REGION. CATSKILL MOUNTAIN PRINTING SERVICES PROVIDES PRINTING FOR CUSTOMERS AND OFFERS GRAPHIC DESIGN SERVICES.

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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 $1,728,633

Program Service Revenue $663,019

Investment Income $12,496

Other Revenue $378,136

TOTAL REVENUE $2,782,284

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,129,698

Fundraising Expenses $58,612

Program Expenses $2,901,434

Other Expenses $2,244,679

TOTAL EXPENSES $3,374,377

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,782,284	$2,100,225	+0.3%
Expenses	$3,374,377	$2,315,282	+0.5%
Net Income	$-592,093	$-215,057	+1.8%

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

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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

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

$70,085

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH FINN	PRESIDENT	3.00	Officer Director	$0	$0	$0
JEFFREY LANGFORD	VICE PRESIDENT	0.75	Officer Director	$0	$0	$0
JOANNE POLK	VICE PRESIDENT	0.75	Officer Director	$0	$0	$0
NORMAN A ROSS	TREASURER	0.75	Officer Director	$0	$0	$0
PETER FINN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ALICE CUNNINGHAM	DIRECTOR	0.75	Director	$0	$0	$0
JEFFREY B FERRIS	DIRECTOR	0.75	Director	$0	$0	$0
PHYLLIS PARRISH	DIRECTOR	0.75	Director	$0	$0	$0
MYRA GARCIA	DIRECTOR	0.75	Director	$0	$0	$0
DAVID KASHMAN	DIRECTOR	0.75	Director	$0	$0	$0
SARAH SLUTZKY	DIRECTOR	0.75	Director	$0	$0	$0
SCOTT D WIDMEYER	DIRECTOR	0.75	Director	$0	$0	$0
TAYLOR GRAY	DIRECTOR	0.75	Director	$0	$0	$0
LAUREN KASHMAN	DIRECTOR	0.75	Director	$0	$0	$0
CANDY MCKEE	SECRETARY/DIRECTOR OF ADMI	40.00	Officer	$70,085	$0	$70,085

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	$2,782,284	$3,374,377	$10,030,837	$-592,093
2022	$2,100,225	$2,315,282	$10,185,876	$-215,057
2021	$2,283,674	$2,201,793	$10,564,799	$81,881
2020	$2,120,072	$1,806,996	$11,541,035	$313,076
2019	$1,928,769	$2,380,168	$12,132,686	$-451,399
2018	$2,094,173	$2,498,604	$13,014,432	$-404,431

THE CATSKILL MOUNTAIN FOUNDATION INC