THE DOWNTOWN PITTSFIELD CULTURAL ASSOCIATION INC (EIN 202878093) - 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

2005

Legal Domicile

Principal Officer

PETER LAFAYETTE

Phone

4134436501

Tax Period

2023-07-01 to 2024-06-30

THE DOWNTOWN PITTSFIELD CULTURAL ASSOCIATION INC, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $284K in total revenue in fiscal year 2023. Revenue surged 131% from the prior year, signaling strong growth momentum. The organization ran a surplus of $114K, a strong 40% operating margin.

Mission

THE CORPORATION IS ORGANIZED TO PROMOTE AND OPERATE CULTURAL, ARTISTIC, EDUCATIONAL, AND COMMUNITY ENHANCEMENT PROGRAMS, IN AND AROUND DOWNTOWN PITTSFIELD, MASSACHUSETTS AND TO SUPPORT AND COLLABORATE WITH OTHER BERKSHIRE COUNTY CULTURAL, ARTISTIC, EDUCATIONAL, AND COMMUNITY INITIATIVES WHICH FAVORABLY IMPACT ART, CULTURE, EDUCATIONAL PROGRAMS, AND THE GENERAL WELL-BEING OF DOWNTOWN PITTSFIELD.

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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 $284,443

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $284,443

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $164,996

Other Expenses $170,886

TOTAL EXPENSES $170,886

Year-over-Year Comparison

	2023	2022	Change
Revenue	$284,443	$123,200	+1.3%
Expenses	$170,886	$33,717	+4.1%
Net Income	$113,557	$89,483	+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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

$70,346

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER LAFAYETTE	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID IRWIN	TREASURER	1.00	Officer Director	$0	$0	$0
NICK PALEOLOGOS	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN LANGMAN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE OAKES	DIRECTOR	1.00	Director	$0	$0	$0
BILL WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
REGINA BURGIO	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA BRIEN	EXECUTIVE DIRECTOR	1.00	Director	$0	$0	$70,346

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	$284,443	$170,886	$261,873	$113,557
2023	$123,200	$33,717	$148,197	$89,483
2022	$12,543	$40,751	$61,215	$-28,208
2021	$57,721	$58,741	$109,022	$-1,020
2020	$39,044	$59,159	$87,943	$-20,115
2019	$89,054	$65,917	$108,058	$23,137
2018	$58,382	$18,668	$3,305,658	$39,714

THE DOWNTOWN PITTSFIELD CULTURAL ASSOCIATION INC