HALLWALLS INC

EIN: 161104232 501(c)(3) Arts, Culture & Humanities

BUFFALO, NY

Total Revenue
$454,638
Total Expenses
$447,277
Total Assets
$461,136
Net Assets
$377,761
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
NY
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.

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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%)

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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

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Governance

Voting Members
21
Independent Members
21
Employees
8
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
5
$50,500
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
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
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
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