SARATOGA PERFORMING ARTS CENTER INC (EIN 141466353) - Form 990 Financial Analysis & Trantor Score

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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

1962

Legal Domicile

Principal Officer

ELIZABETH SOBOL

Phone

5185849330

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

TO PRESENT VIBRANT AND DIVERSE ARTISTIC PERFORMANCES THAT ENGAGE AND ENRICH 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 (2023)

Revenue Breakdown

Contributions & Grants $5,915,446

Program Service Revenue $3,931,777

Investment Income $2,769,597

Other Revenue $2,686,166

TOTAL REVENUE $15,302,986

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,819,486

Fundraising Expenses $959,027

Program Expenses $10,298,604

Other Expenses $8,604,456

TOTAL EXPENSES $13,423,942

Year-over-Year Comparison

	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%

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

423

Volunteers

276

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

$721,982

Total Directors

Key Employees

$268,421

Highest Compensated

reported

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

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	$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

SARATOGA PERFORMING ARTS CENTER INC