THE ARTS COUNCIL OF THE SOUTHERN FINGER LAKES INC (EIN 160999315) - 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

1972

Legal Domicile

Principal Officer

CHRIS WALTERS

Phone

6079625871

Tax Period

2024-07-01 to 2025-06-30

THE ARTS COUNCIL OF THE SOUTHERN FINGER LAKES INC, founded in 1972, is a small nonprofit in the Arts, Culture & Humanities sector that reported $578K in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 94% operating deficit.

Mission

THE MISSION OF THE ARTS COUNCIL OF THE SOUTHERN FINGER LAKES, INC. IS TO ENHANCE THE CULTURAL ARTS IN THE COMMUNITIES SERVED BY ACTING AS AN ADVOCATE AND CATALYST TO INCREASE PARTICIPATION, ADVANCE COLLABORATION AND OPTIMIZE RESOURCES.

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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 $459,749

Program Service Revenue $23,184

Investment Income $80,349

Other Revenue $14,542

TOTAL REVENUE $577,824

Expense Breakdown

Grants Paid $504,818

Salaries & Benefits $416,729

Fundraising Expenses $82,847

Program Expenses $932,942

Other Expenses $196,832

TOTAL EXPENSES $1,118,379

Year-over-Year Comparison

	2024	2023	Change
Revenue	$577,824	$1,479,509	-0.6%
Expenses	$1,118,379	$888,395	+0.3%
Net Income	$-540,555	$591,114	-1.9%

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

$84,390

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN MARTIN	PRESIDENT	0.50	Officer Director	$0	$0	$0
ERIC MEEK	SECRETARY	0.50	Officer Director	$0	$0	$0
JOHN SIRIANNI	TREASURER	0.50	Officer Director	$0	$0	$0
BABATUNDE AYANFODUN	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHELLE CAULFIELD	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
SHABNAM ALLWOOD	BOARD MEMBER	0.50	Director	$0	$0	$0
JOY PERRY	BOARD MEMBER (UNTIL 2/3/25)	0.50	Director	$0	$0	$0
DIPAK CHOWDHURY	BOARD MEMBER	0.50	Director	$0	$0	$0
NANCY GOETZ	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVE ROCHELLE	BOARD MEMBER	0.50	Director	$0	$0	$0
CLARE VAN DEN BLINK	BOARD MEMBER (UNTIL 5/5/25)	0.50	Director	$0	$0	$0
AMY IRVINE	BOARD MEMBER (UNTIL 11/4/24)	0.50	Director	$0	$0	$0
AMY SARNO	BOARD MEMBER	0.50	Director	$0	$0	$0
WILLA VOGEL	BOARD MEMBER	0.50	Director	$0	$0	$0
CONSTANCE SULLIVAN-BLUM	EXECUTIVE DIRECTOR	40.00	Officer	$77,310	$2,763	$80,073
CHRIS WALTERS	INTERIM EXECUTIVE DIRECTOR	40.00	Officer	$3,000	$1,317	$4,317

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	$577,824	$1,118,379	$2,338,456	$-540,555
2024	$1,479,509	$888,395	$2,835,345	$591,114
2023	$1,255,940	$837,155	$2,152,368	$418,785
2022	$1,065,264	$755,764	$1,545,147	$309,500
2021	$766,480	$541,533	$1,437,407	$224,947
2020	$613,953	$582,425	$1,111,583	$31,528

THE ARTS COUNCIL OF THE SOUTHERN FINGER LAKES INC