Upstate Center for the Arts (EIN 204307826) - 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

2006

Legal Domicile

Principal Officer

Mindy Spearman

Tax Period

2019-01-01 to 2019-12-31

Upstate Center for the Arts, founded in 2006, is a small nonprofit that reported $155K in total revenue in fiscal year 2019. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $182K exceeded revenue, resulting in a 17% operating deficit.

Mission

To provide exceptional arts education and make art accessable and exciting to our community.

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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 (2019)

Revenue Breakdown

Contributions & Grants $58,752

Program Service Revenue $92,122

Investment Income $651

Other Revenue $3,725

TOTAL REVENUE $155,250

Expense Breakdown

Grants Paid $0

Salaries & Benefits $115,054

Fundraising Expenses $9,467

Program Expenses $116,262

Other Expenses $67,106

TOTAL EXPENSES $182,160

Year-over-Year Comparison

	2019	2018	Change
Revenue	$155,250	$198,483	-0.2%
Expenses	$182,160	$232,410	-0.2%
Net Income	$-26,910	$-33,927	-0.2%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$43,962

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ethel Pettigrew	Director	1.00	Director	$0	$0	$0
Shannon Quattlebaum	Director	1.00	Director	$0	$0	$0
Lisa Taylor	Treasurer	1.00	Officer Director	$0	$0	$0
Nicole Grimm	Director	1.00	Director	$0	$0	$0
Mary Lou Sigsby	Secretary	2.00	Officer Director	$0	$0	$0
Joan Phillips	Executive Director	40.00	Key Emp	$43,962	$0	$43,962

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
2019	$155,250	$182,160	$41,557	$-26,910
2018	$198,483	$232,410	$65,218	$-33,927

Upstate Center for the Arts