BROOME COUNTY ARTS COUNCIL (EIN 161279751) - 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

1986

Legal Domicile

Phone

6077234620

Tax Period

2024-01-01 to 2024-12-31

BROOME COUNTY ARTS COUNCIL, founded in 1986, is a small nonprofit in the Arts, Culture & Humanities sector that reported $571K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $657K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROMOTE A THRIVING ARTS COMMUNITY, ESSENTIAL TO THE QUALITY OF LIFE IN BROOME COUNTY NY AND ADVANCE THE AWARENESS AND VALUE OF THE ARTS THROUGH ADVOCACY, FUNDRAISING, GRANT MAKING, SERVICES, AND PROGRAMS.

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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 $489,181

Program Service Revenue $10,690

Investment Income $1,367

Other Revenue $69,300

TOTAL REVENUE $570,538

Expense Breakdown

Grants Paid $220,679

Salaries & Benefits $221,390

Fundraising Expenses $1,675

Program Expenses $403,229

Other Expenses $214,962

TOTAL EXPENSES $657,031

Year-over-Year Comparison

	2024	2023	Change
Revenue	$570,538	$700,289	-0.2%
Expenses	$657,031	$679,343	0.0%
Net Income	$-86,493	$20,946	-5.1%

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

Total Directors

Key Employees

$64,950

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEAN GOODHEART	TRUSTEE	3.00	Director	$0	$0	$0
RICHARD NOLAN	INTERIM TREASURER	3.00	Director	$0	$0	$0
NICK CORTESE	PRESIDENT	3.00	Officer Director	$0	$0	$0
CINDY HENRY	SECRETARY	3.00	Officer Director	$0	$0	$0
LEIGHTON BLACKWOOD	TRUSTEE	3.00	Officer Director	$0	$0	$0
DAVID MIXTER	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
ELIZABETH GARUFI	TRUSTEE	3.00	Director	$0	$0	$0
ROSE OLSEN	TRUSTEE	3.00	Director	$0	$0	$0
JENNY CHANG	EXECUTIVE DIRECTOR	40.00	Key Emp	$64,950	$0	$64,950

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	$570,538	$657,031	$357,243	$-86,493
2023	$700,289	$679,343	$356,344	$20,946
2022	$621,287	$545,760	$336,462	$75,527
2021	$566,135	$541,587	$261,436	$24,548
2020	$499,853	$474,964	$211,175	$24,889
2019	$343,595	$456,549	$182,032	$-112,954
2018	$331,909	$375,311	$281,777	$-43,402

BROOME COUNTY ARTS COUNCIL