MID-ATLANTIC CENTER FOR THE ARTS (EIN 221923415) - 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

1970

Legal Domicile

Principal Officer

JOSEPH ALESSANDRINE

Phone

6098845404

Tax Period

2024-01-01 to 2024-12-31

MID-ATLANTIC CENTER FOR THE ARTS, founded in 1970, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $890K, a strong 19% operating margin.

Mission

TO PROMOTE THE PRESERVATION, INTERPRETATION AND CULTURAL ENRICHMENT OF THE CAPE MAY REGION FOR ITS RESIDENTS AND VISTORS.

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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 $1,164,735

Program Service Revenue $3,067,917

Investment Income $176,082

Other Revenue $371,970

TOTAL REVENUE $4,780,704

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,992,042

Fundraising Expenses $0

Program Expenses $2,864,375

Other Expenses $1,898,544

TOTAL EXPENSES $3,890,586

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,780,704	$4,377,678	+0.1%
Expenses	$3,890,586	$3,746,178	+0.0%
Net Income	$890,118	$631,500	+0.4%

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

162

Volunteers

300

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

$296,003

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JODY ALESSANDRINE	DIRECTOR/CEO	50.00	Officer	$123,279	$0	$123,279
CHARLES KEALY	CFO	50.00	Officer	$68,834	$0	$68,834
ELIZA LOTOZO	COO	50.00	Officer	$63,446	$0	$63,446
MARY STEWART	CHIEF OUTREACH	35.00	Officer	$40,444	$0	$40,444
TINA ANGSTADT	Trustee	0.00	Director	$0	$0	$0
NORRIS CLARK	2ND VICE PRESID	0.00	Director	$0	$0	$0
TOM CARROLL	President	0.00	Director	$0	$0	$0
LEE BELLARMINO	3RD VICE PRESID	0.00	Director	$0	$0	$0
JACOB CUOMO	Secretary	0.00	Director	$0	$0	$0
MARY MCKENNEY	Treasurer	0.00	Director	$0	$0	$0
RITA FULGINITI ROTHBERG	Trustee	0.00	Director	$0	$0	$0
WANDA WISE EVELYN	Trustee	0.00	Director	$0	$0	$0
BERNIE HAAS	Trustee	0.00	Director	$0	$0	$0
ROBERT GORGONE	Trustee	0.00	Director	$0	$0	$0
WENDY COLLINS	Trustee	0.00	Director	$0	$0	$0
IOANNA ILLIOPULOS	Trustee	0.00	Director	$0	$0	$0
STEVE STEGER	Trustee	0.00	Director	$0	$0	$0
JACOB PASHELINSKY	Trustee	0.00	Director	$0	$0	$0
JANET COUPLAND	1ST VICE PRES	0.00	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	$4,780,704	$3,890,586	$6,735,954	$890,118
2023	$4,377,678	$3,746,178	$5,801,270	$631,500
2022	$4,239,186	$3,620,841	$5,242,457	$618,345
2021	$4,396,308	$3,155,569	$4,825,680	$1,240,739
2020	$2,002,497	$2,476,764	$3,681,343	$-474,267
2020	$2,046,096	$2,468,707	$3,681,292	$-422,611
2019	$4,662,753	$3,712,512	$3,648,195	$950,241
2019	$4,666,678	$3,712,514	$3,652,320	$954,164

MID-ATLANTIC CENTER FOR THE ARTS