ARTS MID-HUDSON 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

1964

Legal Domicile

Principal Officer

MELISSA DVOZENJA-THOMAS

Phone

8454543222

Tax Period

2024-01-01 to 2024-12-31

ARTS MID-HUDSON INC, founded in 1964, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum. Expenses of $1.9M left a modest 7% surplus.

Mission

THE MISSION OF ARTS MID-HUDSON IS TO PROVIDE VISION AND LEADERSHIP TO SUPPORT THRIVING AND DIVERSE ARTS IN THE MID-HUDSON VALLEY.

Program Service Accomplishments

Program 1

Expenses: $1,315,346

GRANT-MAKING (FUNDING THE ARTS): FUNDS AWARDED TO VARIOUS ARTS AND CULTURAL ORGANIZATIONS, SCHOOLS AND INDIVIDUALS IN DUTCHESS, ULSTER AND ORANGE COUNTIES. ALSO INCLUDES DUTCHESS COUNTY DESIGNATED...

GRANT-MAKING (FUNDING THE ARTS): FUNDS AWARDED TO VARIOUS ARTS AND CULTURAL ORGANIZATIONS, SCHOOLS AND INDIVIDUALS IN DUTCHESS, ULSTER AND ORANGE COUNTIES. ALSO INCLUDES DUTCHESS COUNTY DESIGNATED FUNDS AND EXPENSES TO ADMINISTER ALL FUNDING PROGRAMS.

Program 2

Expenses: $223,958 Revenue: $40,456

PUBLIC PROGRAMS (ARTS & SERVICES): TECHNICAL ASSISTANCE; ARTS EVENTS AND MEETINGS; FOLK ART PROGRAMS; WORKSHOPS; EXHIBITIONS/SALES; FISCAL SPONSORSHIPS AND COMMUNITY ENGAGEMENT EVENTS.

Program 3

Expenses: $171,906

OUTREACH & EDUCATION: COMMUNITY EDUCATION AND PUBLIC AWARENESS; PUBLICATIONS SUPPORTED SUCH AS ARTSCENE; PERIODICAL COLUMNS IN PUBLICATIONS SUCH THE ENJOY SECTION OF THE POUGHKEEPSIE JOURNAL...

OUTREACH & EDUCATION: COMMUNITY EDUCATION AND PUBLIC AWARENESS; PUBLICATIONS SUPPORTED SUCH AS ARTSCENE; PERIODICAL COLUMNS IN PUBLICATIONS SUCH THE ENJOY SECTION OF THE POUGHKEEPSIE JOURNAL; INFORMATIONAL MONTHLY E-NEWSLETTER AND SOCIAL MEDIA INCLUDING WEBSITE, FACEBOOK, INSTAGRAM, TWITTER AND YOUTUBE; AND INFORMATIONAL MEETINGS.

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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 $1,963,219

Program Service Revenue $40,456

Investment Income $42,477

Other Revenue $-40,170

TOTAL REVENUE $2,005,982

Expense Breakdown

Grants Paid $1,091,734

Salaries & Benefits $544,805

Fundraising Expenses $97,022

Program Expenses $1,711,210

Other Expenses $227,189

TOTAL EXPENSES $1,863,728

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,005,982	$1,173,528	+0.7%
Expenses	$1,863,728	$1,074,674	+0.7%
Net Income	$142,254	$98,854	+0.4%

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

190

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

$62,272

Total Directors

$119,158

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA DVOZENJA-THOMAS	EXECUTIVE DI	40.00	Officer Director	$62,272	$0	$62,272
LISA FIORESE	DIRECTOR ADM	35.00	Director	$56,886	$0	$56,886
JONATHAN CILLEY	VICE-CHAIRPE	2.00	Officer Director	$0	$0	$0
ROGER D'AQUINO	TREASURER	2.00	Officer Director	$0	$0	$0
MALIA K DUMONT	DIRECTOR	0.50	Director	$0	$0	$0
LYNN ENKLER	CORPORATE SE	2.00	Officer Director	$0	$0	$0
ANGELA HENRY	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
TEMPI HOPKINS	DIRECTOR	0.50	Director	$0	$0	$0
ANITA JONES	DIRECTOR	0.50	Director	$0	$0	$0
CAITLINN MAHAR-DANIELS	DIRECTOR	0.50	Director	$0	$0	$0
SERENA MARRERO	DIRECTOR	0.50	Director	$0	$0	$0
ANDREA RHODES	DIRECTOR	0.50	Director	$0	$0	$0
AVA SAVOSH	DIRECTOR	0.50	Director	$0	$0	$0
BARBARA TODD	DIRECTOR	0.50	Director	$0	$0	$0
TROY DEL VALLE	GOV. COMMITT	2.00	Officer 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	$2,005,982	$1,863,728	$601,807	$142,254
2023	$1,173,528	$1,074,674	$855,232	$98,854
2022	$847,149	$908,172	$254,166	$-61,023
2021	$921,232	$780,545	$281,979	$140,687
2020	$686,576	$711,189	$348,561	$-24,613
2019	$699,062	$703,760	$299,212	$-4,698
2018	$788,831	$729,835	$298,148	$58,996