THE NIAGARA ARTS AND CULTURAL CENTER INC (EIN 141828590) - 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

2001

Legal Domicile

Principal Officer

JENNIFER MUNDY

Phone

7162827530

Tax Period

2024-01-01 to 2024-12-31

THE NIAGARA ARTS AND CULTURAL CENTER INC, founded in 2001, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 277% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 74% operating margin.

Mission

TO PROTECT THE LANDMARK BUILDING, PRESERVE CULTURAL HERITAGE, AND PROMOTE ARTS AND CULTURAL EXPERIENCES.

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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 $1,861,757

Program Service Revenue $283,309

Investment Income $21,692

Other Revenue $27,910

TOTAL REVENUE $2,194,668

Expense Breakdown

Grants Paid $0

Salaries & Benefits $269,933

Fundraising Expenses $119,819

Program Expenses $305,200

Other Expenses $304,666

TOTAL EXPENSES $574,599

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,194,668	$582,693	+2.8%
Expenses	$574,599	$570,017	+0.0%
Net Income	$1,620,069	$12,676	+126.8%

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

150

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
KEVIN LEARY RESIGN JUNE '24	EXECUTIVE DIRECTOR	40.00		$33,750	$0	$33,750
MARIA TA-PHAKKHONKHAM	INTERIM EXECUTIVE DIRECTOR	40.00		$18,000	$0	$18,000
JENNIFER PAULY START DEC '24	EXECUTIVE DIRECTOR	40.00		$3,269	$0	$3,269
MARY RICCIARDI	President	5.00	Officer Director	$0	$0	$0
EDWARD PERLMAN	Vice President	3.00	Officer Director	$0	$0	$0
ELIZABETH CANADA	Secretary	3.00	Officer Director	$0	$0	$0
JENNIFER MUNDY	Treasurer	3.00	Officer Director	$0	$0	$0
MICHAEL BEAM	Director	1.00	Director	$0	$0	$0
DEBORAH A CUTLER	Director	1.00	Director	$0	$0	$0
PATRICIA FREDERICK	Director	1.00	Director	$0	$0	$0
NORMA HIGGS NON-VOTING	Dir Emeritus	1.00	Director	$0	$0	$0
MARK LAURRIE	Director	1.00	Director	$0	$0	$0
KENNETH ROWE	Director	1.00	Director	$0	$0	$0
EDITH SANFILIPPO	Director	1.00	Director	$0	$0	$0
WILLLIAM SPRINGER	Director	1.00	Director	$0	$0	$0
JUDITH TEDEROUS	Director	1.00	Director	$0	$0	$0
LOUIS TOWNSEND NON-VOTING	Dir Emeritus	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	$2,194,668	$574,599	$3,345,501	$1,620,069
2023	$582,693	$570,017	$2,031,878	$12,676
2022	$456,778	$583,745	$1,642,539	$-126,967
2021	$455,294	$431,597	$1,810,752	$23,697
2020	$328,436	$365,808	$1,720,057	$-37,372
2019	$352,454	$417,138	$1,589,231	$-64,684
2018	$387,790	$430,548	$1,507,498	$-42,758

THE NIAGARA ARTS AND CULTURAL CENTER INC