PUTNAM ARTS COUNCIL (EIN 141541159) - 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

1963

Legal Domicile

Principal Officer

JOYCE PICONE

Phone

8458038622

Tax Period

2024-01-01 to 2024-12-31

PUTNAM ARTS COUNCIL, founded in 1963, is a small nonprofit in the Arts, Culture & Humanities sector that reported $248K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year.

Mission

DEVELOPMENT AND FOSTERING OF THE ARTS IN PUTNAM COUNTY NEW YORK

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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 $162,190

Program Service Revenue $83,161

Investment Income $260

Other Revenue $2,633

TOTAL REVENUE $248,244

Expense Breakdown

Grants Paid $44,800

Salaries & Benefits $90,475

Fundraising Expenses $0

Program Expenses $148,722

Other Expenses $112,482

TOTAL EXPENSES $247,757

Year-over-Year Comparison

	2024	2023	Change
Revenue	$248,244	$291,660	-0.1%
Expenses	$247,757	$254,048	0.0%
Net Income	$487	$37,612	-1.0%

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

N/A

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

$78,640

Total Directors

$78,640

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOYCE PICONE	PRESIDENT	40.00	Officer Director	$78,640	$0	$78,640
CHARLES ALBERTARIO	TRUSTEE	5.00	Director	$0	$0	$0
NANCY FAULDS	TRUSTEE	5.00	Officer Director	$0	$0	$0
ALEX LINDQUIST	RECORDING SECRETARY	5.00	Officer Director	$0	$0	$0
JAMES T MEYER	TRUSTEE	5.00	Director	$0	$0	$0
CARLOS PASSI	CHAIRMAN	10.00	Officer Director	$0	$0	$0
BERYL POLIN	MEMBER	5.00	Director	$0	$0	$0
HELEN SENKO	TRUSTEE	5.00	Officer Director	$0	$0	$0
DAWN WILLIS	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
HELEN SENKO	TRUSTEE	5.00	Director	$0	$0	$0
ED DABROWSKI	MEMBER	5.00	Director	$0	$0	$0
BERYL POLIN	MEMBER	5.00	Director	$0	$0	$0

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	$248,244	$247,757	$396,932	$487
2023	$291,660	$254,048	$386,452	$37,612
2022	$270,262	$268,504	$347,531	$1,758
2021	$253,197	$246,394	$343,550	$6,803
2020	$280,520	$203,729	$340,047	$76,791
2019	$234,921	$232,792	$293,109	$2,129
2018	$220,853	$218,611	$287,686	$2,242

PUTNAM ARTS COUNCIL