SARATOGA SPRINGS, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SARATOGA PERFORMING ARTS CENTER INC, founded in 1962, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $15.3M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $13.4M left a modest 12% surplus.
FOR OVER 57 YEARS, THE SARATOGA PERFORMING ARTS CENTER, IN HEART OF THE GLORIOUS SPA STATE PARK IN SARATOGA SPRINGS, NY, HAS BEEN THE SUMMER HOME OF NEW YORK CITY BALLET AND THE PHILADELPHIA ORCHESTRA, AND THE LOCATION OF MORE THAN A THOUSAND PERFORMANCES OF BEST-IN-CLASS ARTISTS ACROSS ALL GENRES. AS IT MOVES INTO THE FUTURE, SPAC EMBRACES ITS ROLE AS A STEWARD OF ITS PLACE IN THE NATURAL WORLD AND THE TRANSFORMATIVE POWER OF BEAUTY IN HUMAN LIVES. SPAC WORKS TO HARNESS THAT POWER FROM BOTH HUMAN-MADE AND NATURAL SOURCES TO FORGE DEEP CONNECTIONS FROM PERSON TO PERSON AND PERSON TO PLANET THROUGH A FUTURE THAT EMBRACES AN EVER-EXPANDING DEFINITION OF THE ARTS INCLUDING PERFORMING ARTS, VISUAL ARTS, LITERARY ARTS, CULINARY ARTS, HEALING ARTS AND BEYOND. IN ITS WORK ON BEHALF OF ART, ARTISTS AND COMMUNITY, SPAC WORKS TO EDUCATE, REVEAL, INSPIRE, AND SERVE THE BEAUTY IN THE WORLD WHICH CONNECTS, RESPECTS, AND ELEVATES ALL HUMAN BEINGS.
THE PRESENTATION OF THE PERFORMING ARTS IN ORDER TO SPONSOR, CULTIVATE AND DEVELOP AN UNDERSTANDING AND APPRECIATION OF SUCH ART BY THE CENTER'S MEMBERS AND THE COMMUNITY. WE PRESENT 70-80 EVENTS...
THE PRESENTATION OF THE PERFORMING ARTS IN ORDER TO SPONSOR, CULTIVATE AND DEVELOP AN UNDERSTANDING AND APPRECIATION OF SUCH ART BY THE CENTER'S MEMBERS AND THE COMMUNITY. WE PRESENT 70-80 EVENTS THROUGHOUT THE YEAR, REACHING OVER 350,000 PEOPLE EACH YEAR IN THE AREAS OF DANCE, ORCHESTRA, CHAMBER MUSIC, JAZZ, AND ROCK AND ROLL. OUR FACILITY IS THE SUMMER HOME TO THE PHILADELPHIA ORCHESTRA, THE NEW YORK CITY BALLET, AND THE CHAMBER MUSIC SOCIETY OF NEW YORK. OUR EDUCATIONAL INITIATIVES, BOTH IN OUR ON-CAMPUS SCHOOL OF THE ARTS AND THROUGH OUR OUTREACH IN PUBLIC SCHOOLS THROUGHOUT THE REGION BRING THE ARTS TO MORE THAN 50,000 CHILDREN EACH YEAR.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $15,302,986 | $12,352,299 | +0.2% |
| Expenses | $13,423,942 | $11,663,099 | +0.2% |
| Net Income | $1,879,044 | $689,200 | +1.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SUSAN LAW DAKE | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHARLES WAIT JR | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ELEANOR K MULLANEY | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LINDA TOOHEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANTHONY R IANNIELLO ESQ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| WILL ALDRICH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GEORGE R HEARST III | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| NORMA MEACHAM | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRIS MACKEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHET OPALKA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DONALD J MCCORMACK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GERALDINE GOLUB | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HEATHER MABEE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SONNY BONACIO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD HIGGINS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SALLY BOTT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JUDY HARRIGAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JASON WARD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CJ DECRESCENTE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SEAN LEONARD | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RAIMUNDO ARCHIBOLD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM MCELLEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANDREA SPUNGEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CARL DEBRULE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN VERRAL MD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JEFFERY RIDHA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR L OLIVER ROBINSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SUJATA N CHAUDHRY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KEELEY ARDMAN DESALVO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ASHLEY BUDD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHANIE MARKOWICH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SHARYN NEBLE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| EDWARD JAY LAFOND CPA | CHIEF FINANCIAL OFFICER | 60.00 |
Officer
|
$162,453 | $27,829 | $190,282 |
| ELIZABETH SOBOL | PRESIDENT AND CEO | 60.00 |
Officer
|
$457,325 | $74,375 | $531,700 |
| LESLIE COLEMAN-SMITH | GENERAL MANAGER | 60.00 |
Key Emp
|
$212,767 | $55,654 | $268,421 |
| THOMAS O'HANDLEY | SVP, DEVELOPMENT | 50.00 |
Highest
|
$156,198 | $425 | $156,623 |
| CHRIS SHILEY | VICE PRESDIENT, ARTISTIC P | 50.00 |
Highest
|
$103,634 | $14,962 | $118,596 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $15,302,986 | $13,423,942 | $32,487,407 | $1,879,044 |
| 2022 | $12,352,299 | $11,663,099 | $30,854,112 | $689,200 |
| 2021 | $10,810,263 | $6,143,986 | $31,890,328 | $4,666,277 |
| 2020 | $11,842,645 | $4,092,373 | $24,120,841 | $7,750,272 |
| 2019 | $11,091,486 | $9,428,464 | $15,867,791 | $1,663,022 |
| 2018 | $9,412,593 | $9,198,635 | $11,685,237 | $213,958 |
Compare SARATOGA PERFORMING ARTS CENTER INC with other nonprofits in New York and across the country.