CNY Arts Inc (EIN 150625350) - 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

1957

Legal Domicile

Principal Officer

Alexander Korman

Phone

3154352125

Tax Period

2024-07-01 to 2025-06-30

CNY Arts Inc, founded in 1957, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.5M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

CNY Arts' mission is to promote, support, and celebrate arts and culture in Central 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 $3,316,934

Program Service Revenue $26,214

Investment Income $149,854

Other Revenue $0

TOTAL REVENUE $3,493,002

Expense Breakdown

Grants Paid $2,644,093

Salaries & Benefits $599,730

Fundraising Expenses $43,214

Program Expenses $3,127,102

Other Expenses $146,256

TOTAL EXPENSES $3,390,079

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,493,002	$4,441,238	-0.2%
Expenses	$3,390,079	$4,298,282	-0.2%
Net Income	$102,923	$142,956	-0.3%

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

N/A

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

$67,050

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rita Paniagua	President	3.00	Director	$0	$0	$0
Carol Dumka	Vice President	1.00	Director	$0	$0	$0
Carmen Sonia Martinez	Board Secretary	1.00	Director	$0	$0	$0
Nicholas Shires CPA	Board Treasurer	1.00	Director	$0	$0	$0
Alexander Korman	Executive Director	40.00	Officer	$67,050	$0	$67,050

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
2025	$3,493,002	$3,390,079	$2,101,838	$102,923
2024	$4,441,238	$4,298,282	$2,077,415	$142,956
2023	$5,614,573	$5,478,957	$2,290,782	$135,616
2022	$4,131,478	$4,244,032	$3,639,990	$-112,554
2021	$2,282,044	$2,035,669	$2,791,491	$246,375
2020	$3,110,202	$3,160,187	$3,072,609	$-49,985
2019	$2,131,163	$2,091,883	$4,060,627	$39,280

CNY Arts Inc