Community Arts Partnership of Tompkins County Inc

EIN: 161384455 501(c)(3) Arts, Culture & Humanities

Ithaca, NY

Total Revenue
$587,913
Total Expenses
$540,146
Total Assets
$579,646
Net Assets
$497,793
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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
1990
Legal Domicile
NY
Phone
6072735072
Tax Period
2024-01-01 to 2024-12-31

Community Arts Partnership of Tompkins County Inc, founded in 1990, is a small nonprofit in the Arts, Culture & Humanities sector that reported $588K in total revenue in fiscal year 2024. Expenses of $540K left a modest 8% surplus.

Mission

To strengthen the arts in Tompkins County by supporting artists and arts groups, ensuring equitable access to the arts, and cultivating a creative culture that reflects our communitys diversity.

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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 (2024)

Revenue Breakdown

Contributions & Grants $522,054
Program Service Revenue $60,148
Investment Income $3,321
Other Revenue $2,390
TOTAL REVENUE $587,913

Expense Breakdown

Grants Paid $244,175
Salaries & Benefits $151,352
Fundraising Expenses $11,382
Program Expenses $491,622
Other Expenses $144,619
TOTAL EXPENSES $540,146

Year-over-Year Comparison

2024 2023 Change
Revenue $587,913 $588,228 0.0%
Expenses $540,146 $519,168 +0.0%
Net Income $47,767 $69,060 -0.3%
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
9
Independent Members
9
Employees
2
Volunteers
N/A

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
4
$0
Total Directors
9
$0
Key Employees
1
$67,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Megan Barber Executive Director 40.00
Key Emp
$67,000 $0 $67,000
Paulina Velazquez Solis Board Member 1.00
Director
$0 $0 $0
Reid Palmer Board member 1.00
Director
$0 $0 $0
Ritza Francois Board Member 1.00
Director
$0 $0 $0
Seth Hiland Board Member 1.00
Director
$0 $0 $0
Gladys Brangman Board member 1.00
Director
$0 $0 $0
Kathy Henion President 2.00
Officer Director
$0 $0 $0
Tom Bouman Treasurer 2.00
Officer Director
$0 $0 $0
Dara Engler Vice President 2.00
Officer Director
$0 $0 $0
Nick Goldsmith Secretary 2.00
Officer 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 $587,913 $540,146 $579,646 $47,767
2023 $588,228 $519,168 $533,369 $69,060
2022 $407,494 $360,695 $461,910 $46,799
2021 $459,740 $382,730 $350,637 $77,010
2020 $356,406 $305,950 $272,737 $50,456
2020 $356,406 $305,950 $272,737 $50,456
2019 $398,935 $338,067 $277,200 $60,868
2018 $334,907 $358,316 $208,859 $-23,409
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