ONE SEVENTY ONE CEDAR 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

1968

Legal Domicile

Principal Officer

KIRSTY BUCHANAN

Phone

6079364647

Tax Period

2024-09-01 to 2025-08-31

ONE SEVENTY ONE CEDAR INC, founded in 1968, is a small nonprofit that reported $907K in total revenue in fiscal year 2024. Expenses of $1.1M exceeded revenue, resulting in a 17% operating deficit.

Mission

171 CEDAR ARTS CENTER CELEBRATES COMMUNITY AND THE ARTS THROUGH EXPERIENCES AND CONNECTIONS.

Program Service Accomplishments

Program 1

Expenses: $556,175 Revenue: $419,883

WE ARE A 501(C)(3) NONPROFIT ARTS CENTER DEDICATED TO TEACHING AND ENRICHING LIVES! 171 PROVIDES ACCESSIBLE ARTS EDUCATION, OUTREACH PROGRAMMING TO UNDERSERVED YOUTH, STUDENT PERFORMANCE...

WE ARE A 501(C)(3) NONPROFIT ARTS CENTER DEDICATED TO TEACHING AND ENRICHING LIVES! 171 PROVIDES ACCESSIBLE ARTS EDUCATION, OUTREACH PROGRAMMING TO UNDERSERVED YOUTH, STUDENT PERFORMANCE OPPORTUNITIES, AND FREE EXHIBITS OF REGIONAL ART. FOR MORE THAN HALF A CENTURY, WE HAVE BEEN THE ARTISTIC AND CULTURAL HUB FOR THE GREATER CORNING, NY, AREA - SIGNIFICANTLY IMPACTING THE VIBRANCY OF THE COMMUNITY AND ECONOMY OF THE FINGER LAKES REGION. THE ARTS CENTER CULTIVATES AN ENVIRONMENT OF BELONGING WHERE PEOPLE OF ALL AGES AND ABILITIES SHARE ARTISTIC EXPERIENCES AND PURSUE LIFELONG LEARNING. 171 IS A CELEBRATED DESTINATION FOR DANCE, MUSIC, THEATER, CULINARY ARTS, CERAMICS, TAI CHI, VISUAL ARTS, AND FENCING.

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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 $402,403

Program Service Revenue $419,797

Investment Income $56,670

Other Revenue $27,868

TOTAL REVENUE $906,738

Expense Breakdown

Grants Paid $0

Salaries & Benefits $584,619

Fundraising Expenses $82,984

Program Expenses $556,175

Other Expenses $479,173

TOTAL EXPENSES $1,063,792

Year-over-Year Comparison

	2024	2023	Change
Revenue	$906,738	$935,045	0.0%
Expenses	$1,063,792	$1,088,226	0.0%
Net Income	$-157,054	$-153,181	+0.0%

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

100

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

$166,220

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
XAVIER LAFOSSE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES TRUXON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TYMON DANIELS	TREASURER	1.00	Officer Director	$0	$0	$0
YVETTE STERBENK	SECRETARY	1.00	Officer Director	$0	$0	$0
BABATUNDE AYANFODUN	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA BAUCO	BOARD MEMBER (BEG. MARCH 2025)	1.00	Director	$0	$0	$0
MARIA GOLDWYN	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE HOGUE	BOARD MEMBER	1.00	Director	$0	$0	$0
ANN JAKLE	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTY LANGTRY	BOARD MEMBER (END. AUGUST 2025)	1.00	Director	$0	$0	$0
ASHLEY MCNALLY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN NOVOTNY	BOARD MEMBER	1.00	Director	$0	$0	$0
TARA RAMAIAH	BOARD MEMBER (END. MARCH 2025)	1.00	Director	$0	$0	$0
BARB VASSALLO	BOARD MEMBER (END. MARCH 2025)	1.00	Director	$0	$0	$0
ALEXANDRA RUGGIERO	BOARD MEMBER	1.00	Director	$0	$0	$0
BRETT SMITH	BOARD MEMBER (BEG. MARCH 2025)	1.00	Director	$0	$0	$0
CASSANDRA TALIAFERRO	BOARD MEMBER (END. DECEMBER 2024)	1.00	Director	$0	$0	$0
CHRISTINE WILKEN	BOARD MEMBER (BEG. MARCH 2025)	1.00	Director	$0	$0	$0
CELINE ZHANG	BOARD MEMBER (BEG. MARCH 2025)	1.00	Director	$0	$0	$0
KIM HUSTON	DIR OF FINANCE & OPERATIONS	40.00	Officer	$64,697	$11,760	$76,457
KIRSTY HARPER BUCHANAN	EXECUTIVE DIRECTOR	40.00	Officer	$78,082	$11,681	$89,763

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	$906,738	$1,063,792	$5,360,831	$-157,054
2024	$935,045	$1,088,226	$5,248,832	$-153,181
2023	$999,755	$1,064,318	$5,065,933	$-64,563
2022	$1,352,157	$929,893	$4,970,086	$422,264
2021	$1,136,968	$943,769	$4,842,752	$193,199
2020	$999,887	$800,658	$4,431,139	$199,229
2019	$1,490,936	$823,995	$4,101,862	$666,941
2018	$1,620,380	$885,998	$3,459,542	$734,382