AFTER SCHOOL ARTS PROGRAM INC

EIN: 201308465 501(c)(3) Arts, Culture & Humanities

WASHINGTON DEPOT, CT

Total Revenue
$879,163
Total Expenses
$746,119
Total Assets
$616,810
Net Assets
$438,103
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
CT
Principal Officer
ALISON PSOMAS
Phone
8608680740
Tax Period
2024-07-01 to 2025-06-30

AFTER SCHOOL ARTS PROGRAM INC, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $879K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $133K, a strong 15% operating margin.

Mission

THE AFTER SCHOOL ARTS PROGRAM, INC. IS DEDCIATED TO PROVIDING ARTISTIC OPPORTUNITIES FOR CHILDREN, PARENTS, AND OTHER MEMBERS OF THE GENERAL PUBLIC, PARTICULARLY THOSE FROM NORTHWEST CONNECTICUT, THROUGH EDUCATIONAL WORKSHOPS, EVENTS, AND FIELD TRIPS WITH PROFESSIONAL ARTISTS AND ART ORGANIZATIONS.

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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 $715,039
Program Service Revenue $115,524
Investment Income $11,264
Other Revenue $37,336
TOTAL REVENUE $879,163

Expense Breakdown

Grants Paid $0
Salaries & Benefits $570,278
Fundraising Expenses $45,146
Program Expenses $572,688
Other Expenses $175,841
TOTAL EXPENSES $746,119

Year-over-Year Comparison

2024 2023 Change
Revenue $879,163 $623,877 +0.4%
Expenses $746,119 $708,863 +0.1%
Net Income $133,044 $-84,986 -2.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
22
Volunteers
50

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
$112,320
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOANNE TORTI PRIOR EXECUT 40.00
Officer
$112,320 $0 $112,320
PAM BLESS BOARDMEMBER 1.00
Director
$0 $0 $0
MARIA CAMPBELL BOARDMEMBER 1.00
Director
$0 $0 $0
TAL FAGIN BOARDMEMBER 1.00
Director
$0 $0 $0
GRETCHEN HOHENSTEIN BOARDMEMBER 1.00
Director
$0 $0 $0
ALLEN KOVAC BOARDMEMBER 1.00
Director
$0 $0 $0
ANDREW LINDE PRESIDENT 2.00
Officer Director
$0 $0 $0
AMOL NAIK BOARDMEMBER 1.00
Director
$0 $0 $0
SHANLEY ROWE SECRETARY 2.00
Officer Director
$0 $0 $0
NICOLE TONGUE BOARDMEMBER 1.00
Director
$0 $0 $0
KATHY WENNING BOARDMEMBER 1.00
Director
$0 $0 $0
RIMA KHALIL TREASURER 2.00
Officer
$0 $0 $0
ALISON PSOMAS EXECUTIVE DI 0.00
Officer
$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 $879,163 $746,119 $616,810 $133,044
2024 $623,877 $708,863 $367,262 $-84,986
2023 $570,989 $584,508 $439,424 $-13,519
2022 $575,722 $511,195 $428,087 $64,527
2021 $489,906 $406,272 $419,293 $83,634
2020 $476,422 $542,388 $323,389 $-65,966
2019 $638,351 $600,448 $379,645 $37,903
2018 $612,827 $568,755 $344,971 $44,072
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