IRISH CULTURAL AND FOLK ARTS ASSOC… - Form 990 Financial Data

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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

1981

Legal Domicile

Principal Officer

JUDITH A LUBECKI

Phone

7168226275

Tax Period

2023-01-01 to 2023-12-31

IRISH CULTURAL AND FOLK ARTS ASSOCIATION OF WESTERN NEW YORK INC, founded in 1981, is a small nonprofit that reported $208K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $245K exceeded revenue, resulting in a 18% operating deficit.

Mission

PROMOTE IRISH CULTURE IN THE COMMUNITY AND PRODUCE THE ANNUAL BUFFALO IRISH DANCE COMPETITION.

Program Service Accomplishments

Program 1

Expenses: $36,643 Revenue: $41,217

PRODUCE THE ANNUAL BUFFALO IRISH DANCE COMPETITION.

Program 2

Expenses: $206,938 Revenue: $121,063

PRODUCE THE ANNUAL BUFFALO IRISH FESTIVAL.

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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 $32,625

Program Service Revenue $162,280

Investment Income $8

Other Revenue $12,995

TOTAL REVENUE $207,908

Expense Breakdown

Grants Paid $20,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $243,581

Other Expenses $224,615

TOTAL EXPENSES $245,115

Year-over-Year Comparison

	2023	2022	Change
Revenue	$207,908	$228,358	-0.1%
Expenses	$245,115	$120,458	+1.0%
Net Income	$-37,207	$107,900	-1.3%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES MCSWAIN	PRESIDENT	0.50	Officer	$0	$0	$0
JUDY LUBECKI	VICE PRESIDENT	0.50	Officer	$0	$0	$0
MAUREEN MOSHER	SECRETARY	0.50	Officer	$0	$0	$0
JANET A MCPHEE	TREASURER	0.50	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
2023	$207,908	$245,115	$107,179	$-37,207
2022	$228,358	$120,458	$144,386	$107,900

IRISH CULTURAL AND FOLK ARTS ASSOCIATION OF WESTERN NEW YORK INC