HALLWALLS 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

1974

Legal Domicile

Principal Officer

EDMUND J CARDONI

Phone

7168541694

Tax Period

2023-09-01 to 2024-08-31

HALLWALLS INC, founded in 1974, is a small nonprofit in the Arts, Culture & Humanities sector that reported $455K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

TO RECOGNIZE AND SERVE A VITAL COMMUITY ARTISTIC PRESENCE WHICH I SGLOBAL IN ITS OUTLOOK CHALLENGING IN ITS IDEAS PLURALISTIC IN ITS CONCERNS AND DIVERSE IN ITS EXPRESSION. HALLWALL'S TWO-FOLD MISSION IS TO SERVE ARTISTS BY SUPPORTING THE CREATION AND PRESENTATION OF NEW WORK IN THE VISUAL MEDIA PERFORMING AND LITERARY ARTS AND TO SERVE THE PUBLIC BY MAKING THESE MORKS AVAILABLE TO AUDIENCES. WE ARE DEDICATED IN PARTICULAR TO WORK BY ARTISTS WHICH CHALLENGES AND EXTENDS THE TRADITIONAL BOUNDRIES OF THE VARIOUS ART FORMS AND WHICH IS CRITICALLY ENGAGED WITH CURRENT ISSUES IN THE ARTS AND THROUGH THE ARTS-IN SOCIETY.

Program Service Accomplishments

Program 1

Expenses: $378,846

HALLWALLS IS A MULTIDISCIPLINARY CONTEMPORARY ARTS CENTER OF NATIONAL AND INTERNATIONAL REPUTATION SERVING AUDIENCES IN BUFFALO ERIE COUNTY AND OTHER WESTERN NEW YORK COUNTIES. YEAR-ROUND PUBLIC...

HALLWALLS IS A MULTIDISCIPLINARY CONTEMPORARY ARTS CENTER OF NATIONAL AND INTERNATIONAL REPUTATION SERVING AUDIENCES IN BUFFALO ERIE COUNTY AND OTHER WESTERN NEW YORK COUNTIES. YEAR-ROUND PUBLIC PROGRAMS COMPRISE A MIX OF GALLERY EXHIBITIONS AND INSTALLATIONS BY EMERGING AND DISTINGUISHED PROFESSIONAL VISUAL ARTISTS BOTH NATIONAL AND LOCAL IN-PERSON TALKS BY LOCAL AND VISITING ARTISTS AND CURATORS ARTISTS' RESIDENCIES LIVE CONCERTS OF JAZZ AND NEW MUSIC FLIM AND VIDEO SCREENINGS LITERARY READINGS PERFORMANCE ART SCHOLARLY LECTURES AND COMMUNITY EVENTS MOST IN CO-SPONSORSHIP WITH ORGANIZATIONAL PARTNERS, BOTH WITHIN AND OUTSIDE THE ARTS. HALLWALLS SECONDARY PROVIDES OCCASIONAL IN-SCHOOL ARTS EDUCATION PROGRAMS TO OUR LONGSTANDING EDUCATIONAL PARTNER BUFFALO ACADEMY FOR VISUAL AND PERFORMING ARTS (BAVPA) AS WELL AS OTHER SCHOOLS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $315,578

Program Service Revenue $9,306

Investment Income $39,644

Other Revenue $90,110

TOTAL REVENUE $454,638

Expense Breakdown

Grants Paid $0

Salaries & Benefits $221,343

Fundraising Expenses $25,023

Program Expenses $378,846

Other Expenses $225,934

TOTAL EXPENSES $447,277

Year-over-Year Comparison

	2023	2022	Change
Revenue	$454,638	$392,894	+0.2%
Expenses	$447,277	$440,484	+0.0%
Net Income	$7,361	$-47,590	-1.2%

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

105

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

$50,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDMUND J CARDONI	Executive Dir.	40.00	Officer	$50,500	$0	$50,500
KRIS KEMMIS	President	3.00	Officer Director	$0	$0	$0
MICHAEL TUNKEY	Vice President	3.00	Officer Director	$0	$0	$0
ROBERT DRAKE	Treasurer	3.00	Officer Director	$0	$0	$0
BRIDGET WILLIAMS	Secretary	1.00	Officer Director	$0	$0	$0
JOSEPH TANTILLO	Director	1.00	Director	$0	$0	$0
TRACEY HENEGHAN	CHAIR FDRG	1.00	Director	$0	$0	$0
JESSICA SIMON	CHAIR SE	1.00	Director	$0	$0	$0
ERIN LONG	CHAIR - MKTG	1.00	Director	$0	$0	$0
WILL FALLER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBIN KING	BOARD MEMBER	1.00	Director	$0	$0	$0
BROOKE LEBOEUF	BOARD MEMBER	1.00	Director	$0	$0	$0
TONY MARTINA	BOARD MEMBER	1.00	Director	$0	$0	$0
OLIVIA MCCARTHY	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER MCCARTHY	BOARD MEMBER	1.00	Director	$0	$0	$0
PEGGY MCKENDRY	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACY MENDICINO	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIA NORRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW RYAN	BOARD MEMBER	1.00	Director	$0	$0	$0
RACHEL RZAYEV	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
RENATA TONEY	BOARD MEMBER	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
2025	No data	No data	No data	No data
2024	$454,638	$447,277	$461,136	$7,361
2023	$392,894	$440,484	$451,621	$-47,590
2022	$448,081	$444,816	$551,961	$3,265
2021	$471,247	$422,127	$595,975	$49,120
2020	$293,377	$414,293	$567,467	$-120,916
2019	$371,442	$425,738	$627,112	$-54,296
2018	$432,016	$393,327	$668,488	$38,689