THOUSAND ISLANDS PERFORMING ARTS FUND INC (EIN 222317579) - 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

1980

Legal Domicile

Principal Officer

SUSAN WHITNEY

Phone

3156862200

Tax Period

2025-01-01 to 2025-12-31

THOUSAND ISLANDS PERFORMING ARTS FUND INC, founded in 1980, is a small nonprofit in the Arts, Culture & Humanities sector that reported $863K in total revenue in fiscal year 2025.

Mission

TO FOSTER APPRECIATION OF THE PERFORMING ARTS IN THE THOUSAND ISLANDS REGION BY OFFERING AND PROMOTING OUTSTANDING PERFORMANCES AND EVENTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $309,988

Program Service Revenue $479,413

Investment Income $58,685

Other Revenue $14,470

TOTAL REVENUE $862,556

Expense Breakdown

Grants Paid $0

Salaries & Benefits $242,364

Fundraising Expenses $115,621

Program Expenses $632,384

Other Expenses $617,142

TOTAL EXPENSES $859,506

Year-over-Year Comparison

	2025	2024	Change
Revenue	$862,556	$810,998	+0.1%
Expenses	$859,506	$770,553	+0.1%
Net Income	$3,050	$40,445	-0.9%

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

Volunteers

120

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

$76,824

Total Directors

$76,824

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRITZ HAGER	DIRECTOR THOUGH APRIL 2025	2.00	Director	$0	$0	$0
TIMOTHY LALONDE	TREASURER	6.00	Officer Director	$0	$0	$0
LAURA CEROW	DIRECTOR	1.00	Director	$0	$0	$0
JOAN TERENZETTI	DIRECTOR	1.00	Director	$0	$0	$0
RONNIE WADSWORTH	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN WHITNEY	PRESIDENT	8.00	Officer Director	$0	$0	$0
JANET GREGWARE	SECRETARY	2.00	Officer Director	$0	$0	$0
JUDITH MOWER	DIRECTOR	1.00	Director	$0	$0	$0
JULIE GARNSEY	EXECUTIVE DIRECTOR	40.00	Officer Director	$76,824	$0	$76,824
BETSY DUBOIS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JANE O'NEILL	DIRECTOR	1.00	Director	$0	$0	$0
KEITH WATSON	DIRECTOR	1.00	Director	$0	$0	$0
NORMA ZIMMER	DIRECTOR	1.00	Director	$0	$0	$0
ALEX BONEHAM	DIRECTOR	1.00	Director	$0	$0	$0
JANE NADOLSKI	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA PICUNAS	DIRECTOR	1.00	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
2025	$862,556	$859,506	$1,158,387	$3,050
2024	$810,998	$770,553	$1,054,107	$40,445
2023	$785,940	$750,813	$954,197	$35,127
2022	$601,241	$626,158	$724,709	$-24,917
2021	$584,062	$340,598	$851,894	$243,464
2020	$225,953	$206,337	$470,026	$19,616
2019	$446,624	$494,505	$457,571	$-47,881
2018	$697,861	$513,615	$414,178	$184,246

THOUSAND ISLANDS PERFORMING ARTS FUND INC