GARRISON ART CENTER 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

1966

Legal Domicile

Principal Officer

SEAN CONWAY

Phone

8454243960

Tax Period

2024-01-01 to 2024-12-31

GARRISON ART CENTER INC, founded in 1966, is a small nonprofit in the Arts, Culture & Humanities sector that reported $771K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $699K left a modest 9% surplus.

Mission

THE GARRISON ART CENTER'S MISSION IS EXPANDING ARTISTIC VISION AND FOSTERING CREATIVE IDEAS AND APPRECIATION OF THE ARTS WITHIN THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $506,146 Revenue: $504,022

THE ORGANIZATION PROMOTES THE CREATION, EXHIBITION AND ENJOYMENT OF ART, BY OPENING THE DOORS TO ARTISTIC INQUIRY, IN ADDITION TO EXPANDING THE ARTIST VISION AND FOSTER CREATIVE IDEAS AND...

THE ORGANIZATION PROMOTES THE CREATION, EXHIBITION AND ENJOYMENT OF ART, BY OPENING THE DOORS TO ARTISTIC INQUIRY, IN ADDITION TO EXPANDING THE ARTIST VISION AND FOSTER CREATIVE IDEAS AND APPRECIATION OF THE ARTS IN THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $141,319

Program Service Revenue $504,022

Investment Income $91,650

Other Revenue $33,753

TOTAL REVENUE $770,744

Expense Breakdown

Grants Paid $0

Salaries & Benefits $320,439

Fundraising Expenses $0

Program Expenses $507,800

Other Expenses $378,578

TOTAL EXPENSES $699,017

Year-over-Year Comparison

	2024	2023	Change
Revenue	$770,744	$643,187	+0.2%
Expenses	$699,017	$572,580	+0.2%
Net Income	$71,727	$70,607	+0.0%

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

Total Directors

$73,519

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN CONWAY	PRESIDENT	4.00	Officer	$0	$0	$0
MELISSA CARLTON	VICE PRESIDE	4.00	Officer	$0	$0	$0
GEORG IVANOFF	TREASURER	1.00	Officer	$0	$0	$0
JENNIFER LAI	SECRETARY	1.00	Officer	$0	$0	$0
JAN CUCCHIARELLA	BOARD MEMBER	2.00	Director	$0	$0	$0
BELLE NEWTON	BOARD MEMBER	2.00	Director	$0	$0	$0
TRACY STRONG	BOARD MEMBER	2.00	Director	$0	$0	$0
HILDRETH POTTS	BOARD MEMBER	2.00	Director	$0	$0	$0
STEPHANIE CHECKLE-HOWARD	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS HUBER	BOARD MEMBER	2.00	Director	$0	$0	$0
MELISSA SMALL COOPER	BOARD MEMBER	2.00	Director	$0	$0	$0
CATHERINE GRAHAM	EXECUTIVE DI	45.00	Director	$73,519	$0	$73,519

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	$770,744	$699,017	$1,045,315	$71,727
2023	$643,187	$572,580	$987,117	$70,607
2022	$585,418	$573,040	$857,697	$12,378
2021	$457,936	$456,478	$837,527	$1,458
2020	$396,489	$354,759	$738,695	$41,730
2019	$471,018	$458,751	$691,638	$12,267
2018	$391,618	$442,209	$575,323	$-50,591