TRI-STATE CENTER FOR THE ARTS INC (EIN 141729925) - 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

2000

Legal Domicile

Phone

8603647469

Tax Period

2024-01-01 to 2024-12-31

TRI-STATE CENTER FOR THE ARTS INC, founded in 2000, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 1085% from the prior year, signaling strong growth momentum. Expenses of $2.0M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO CREATE COMMUNITY TOGETHER THROUGH THE PERFORMING ARTS BY ENTERTAINING THE COMMUNITY OF NORTHWEST CONNECTICUT AND BEYOND, WHILE ALSO SERVING AS A TEACHING THEATER TO ENCOURAGE ASPIRING ACTORS AND OTHER THEATRE ARTISTS OF ALL AGES TO DEVELOP THEIR CRAFT.

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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 $939,548

Program Service Revenue $773,461

Investment Income $27,598

Other Revenue $38,695

TOTAL REVENUE $1,779,302

Expense Breakdown

Grants Paid $0

Salaries & Benefits $523,125

Fundraising Expenses $61,342

Program Expenses $1,689,846

Other Expenses $1,453,944

TOTAL EXPENSES $1,977,069

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,779,302	$150,091	+10.9%
Expenses	$1,977,069	$145,851	+12.6%
Net Income	$-197,767	$4,240	-47.6%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY SOELL	PRESIDENT	2.00	Officer Director	$0	$0	$0
SARAH COMBS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JACKIE MARKHAM-PRIAULX	DIRECTOR	2.00	Director	$0	$0	$0
SKIP BARBER	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS DRAGO	DIRECTOR	1.00	Director	$0	$0	$0
LEE DAVIES	DIRECTOR	1.00	Director	$0	$0	$0
KIM FIERTZ	DIRECTOR	1.00	Director	$0	$0	$0
ROB FISH	DIRECTOR	1.00	Director	$0	$0	$0
KAREN GRIMALDI	DIRECTOR	1.00	Director	$0	$0	$0
GIGI NOYES	DIRECTOR	1.00	Director	$0	$0	$0
MELINDA SWEET	DIRECTOR	1.00	Director	$0	$0	$0
MEGHAN FLANAGAN	TREASURER	2.00	Officer Director	$0	$0	$0
SAVANNAH STEVENSON	SECRETARY	1.00	Officer Director	$0	$0	$0
AMY DANIS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN CHRISTIAN LANGE	DIRECTOR	1.00	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	$1,779,302	$1,977,069	$2,094,753	$-197,767
2023	$1,349,576	$1,478,516	$2,420,242	$-128,940
2023	$150,091	$145,851	$2,372,173	$4,240
2022	$912,922	$971,375	$2,505,998	$-58,453
2021	$2,275,778	$650,357	$2,560,245	$1,625,421
2020	$533,437	$532,476	$985,159	$961
2019	$891,297	$955,739	$981,075	$-64,442
2018	$963,243	$934,806	$1,065,627	$28,437

TRI-STATE CENTER FOR THE ARTS INC