CATSKILL ART SOCIETY 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

1971

Legal Domicile

Principal Officer

SALLY WRIGHT

Phone

8454364227

Tax Period

2023-01-01 to 2023-12-31

CATSKILL ART SOCIETY INC, founded in 1971, is a small nonprofit in the Arts, Culture & Humanities sector that reported $412K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Net assets of $2.1M represent 60 months of operating reserves.

Mission

CATSKILL ART SPACE EXPLORES CONTEMPORARY ART PRACTICES AND FOSTERS CREATIVE COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $289,112 Revenue: $54,791

CATSKILL ARTS SOCIETY IS A MULTI-ARTS CENTER WITH YEAR ROUND PROGRAMMING THAT INCLUDES VISUAL ART EXHIBITIONS, ARTIST RESIDENCIES, CLASSES & WORKSHOPS, LIVE PERFORMANCES AND SPECIAL EVENTS. IN A...

CATSKILL ARTS SOCIETY IS A MULTI-ARTS CENTER WITH YEAR ROUND PROGRAMMING THAT INCLUDES VISUAL ART EXHIBITIONS, ARTIST RESIDENCIES, CLASSES & WORKSHOPS, LIVE PERFORMANCES AND SPECIAL EVENTS. IN A CALENDAR YEAR, CATSKILL ARTS SOCIETY PRESENTS 5 EXHIBITIONS THAT CHANGE EVERY 2 MONTHS. IN ADDITION THE ARTISTS COUNCIL, A GROUP OF LOCAL ARTISTS ADVISES AND PEER REVIEWS PROPOSALS FOR A GIVENSEASON. FOUR TO FIVE EXHIBITIONS A YEAR ARE CHOSEN BY THIS PANEL. ALL EXHIBITIONS FEATURE AN ARTIST'S TALK (WHEN APPLICABLE) AND AN OPENING RECEPTION FREE TO THE PUBLIC ALLOWING ARTISTS AND AUDIENCES TO INTERACT. IN 2023, MULTIPLE ARTISTS EXHIBITED THEIR WORK IN 5 DIFFERENT EXHIBITIONS AND 3,941 VISITORS CAME THROUGH THE DOOR.

Program 2

Expenses: $22,092 Revenue: $22,845

CATSKILL ARTS SOCIETY HOSTS ONGOING MULTI-ARTS CLASSES FOR ALL AGES THAT INCLUDE VISUAL ART, DANCE, THEATER PERFORMANCE, WRITING AND POTTERY. CLASSES RANGE FROM ONE DAY WORKSHOPS TO TEN WEEK COURSES THAT ARE TAUGHT BY ACCOMPLISHED ARTISTS AND INSTRUCTORS FROM AROUND THE REGION. IN 2023, 4 CLASSES WERE OFFERED WITH 131 STUDENTS.

Program 3

CATSKILL ARTS SOCIETY HOSTS SPECIAL EVENTS IN AN EFFORT TO CULTIVATE INTEREST, PARTICIPATION AND ENJOYMENT OF THE ARTS AND PROMOTE THEIR EFFORTS 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 (2023)

Revenue Breakdown

Contributions & Grants $137,918

Program Service Revenue $77,636

Investment Income $48

Other Revenue $196,183

TOTAL REVENUE $411,785

Expense Breakdown

Grants Paid $0

Salaries & Benefits $112,154

Fundraising Expenses $35,959

Program Expenses $311,204

Other Expenses $325,109

TOTAL EXPENSES $437,263

Year-over-Year Comparison

	2023	2022	Change
Revenue	$411,785	$602,791	-0.3%
Expenses	$437,263	$317,649	+0.4%
Net Income	$-25,478	$285,142	-1.1%

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

$70,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SALLY WRIGHT	EXECUTIVE DIRECTOR	40.00	Director	$70,000	$0	$70,000
JOHN RAFFERTY	TREASURER	5.00	Officer Director	$0	$0	$0
KEVIN COOKE	DIRECTOR	2.00	Director	$0	$0	$0
ALESSANDRA GOULDNER	DIRECTOR	2.00	Director	$0	$0	$0
ULTAN GUILFOYLE	DIRECTOR	2.00	Director	$0	$0	$0
PATRICIA POMEROY	DIRECTOR	2.00	Director	$0	$0	$0
JUDITH COX	DIRECTOR	2.00	Director	$0	$0	$0
JENNY GILL	DIRECTOR	2.00	Director	$0	$0	$0
MARCELA GAVIRIA	DIRECTOR	2.00	Director	$0	$0	$0
MARJORIE L VAN DERCOOK	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS WILINSKY	DIRECTOR	2.00	Director	$0	$0	$0
JONI WEHRLI	VICE PRESIDENT	5.00	Officer	$0	$0	$0
ELIZABETH ENNIS	SECRETARY	5.00	Officer	$0	$0	$0
CHRISTOPHER KISSOCK	PRESIDENT	5.00	Officer	$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	No data	No data	No data	No data
2023	$411,785	$437,263	$2,862,996	$-25,478
2022	$602,791	$317,649	$2,748,346	$285,142
2021	$1,283,710	$224,526	$2,155,838	$1,059,184
2021	$1,286,597	$232,655	$2,173,717	$1,053,942
2020	$339,121	$180,634	$928,500	$158,487
2019	$569,796	$234,703	$703,694	$335,093
2018	$264,811	$206,920	$371,547	$57,891