NEWARK, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEWARK ARTS COUNCIL, founded in 1981, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 47% operating deficit.
NEWARK ARTS' MISSION IS TO POWER THE ARTS TO TRANSFORM THE LIVES OF THOSE WHO LIVE IN, WORK IN, AND VISIT NEWARK.
FOR MORE THAN 10 YEARS, NEWARK ARTS HAS BEEN THE FISCAL SPONSOR/CONDUIT FOR DOZENS OF ARTS INITIATIVES - OFTEN INCUBATING THEM UNTIL THEY CAN BECOME STANDALONE 501(C)(3) ORGANIZATIONS. NA ACTS AS A...
FOR MORE THAN 10 YEARS, NEWARK ARTS HAS BEEN THE FISCAL SPONSOR/CONDUIT FOR DOZENS OF ARTS INITIATIVES - OFTEN INCUBATING THEM UNTIL THEY CAN BECOME STANDALONE 501(C)(3) ORGANIZATIONS. NA ACTS AS A FISCAL SPONSOR/CONDUIT FOR: ARTS ED NEWARK, FOUR CORNERS PUBLIC ART, LINCOLN PARK ALLIANCE, THE CREATIVE CATALYST FUND (CCF), AND THE HARRIET TUBMAN MONUMENT.
ARTS ED NEWARK, CREATED UNDER THE UMBRELLA OF NEWARK ARTS, IS A STRATEGIC ALLIANCE OF 90+ EDUCATION STAKEHOLDERS, INCLUDING PUBLIC, CHARTER, AND PRIVATE SCHOOLS; ARTISTS; ARTS AND CULTURAL...
ARTS ED NEWARK, CREATED UNDER THE UMBRELLA OF NEWARK ARTS, IS A STRATEGIC ALLIANCE OF 90+ EDUCATION STAKEHOLDERS, INCLUDING PUBLIC, CHARTER, AND PRIVATE SCHOOLS; ARTISTS; ARTS AND CULTURAL ORGANIZATIONS; YOUTH AND COMMUNITY DEVELOPMENT ENTITIES; BUSINESSES; FUNDERS; AND STATE AND LOCAL GOVERNMENT AGENCIES. AEN COLLABORATES TO ENSURE THAT ALL CHILDREN IN GRADES PRE-K THROUGH 12 HAVE EQUITABLE ACCESS TO HIGH QUALITY, SEQUENTIAL ARTS EDUCATION OPPIRTUNITIES, BOTH IN AND OUT OF SCHOOL.
NEWARK'S LARGEST FESTIVAL OF VISUAL ARTS AND OTHER ART FORMS. IN 2022, NEWARK ARTS FESTIVAL: ARTFUL HEALING OPENING NIGHT DREW MORE THAN 1,000 VISITORS AT THE NEWARK MUSEUM OF ART (NMOA). FOR THE...
NEWARK'S LARGEST FESTIVAL OF VISUAL ARTS AND OTHER ART FORMS. IN 2022, NEWARK ARTS FESTIVAL: ARTFUL HEALING OPENING NIGHT DREW MORE THAN 1,000 VISITORS AT THE NEWARK MUSEUM OF ART (NMOA). FOR THE FIRST TIME EVER, THE MUSEUM HOSTED THE FESTIVAL'S MAIN GROUP EXHIBITION IN ONE OF ITS GALLERIES. IN 2021, THE NEWARK ARTS FESTIVAL: CREATIVE RESILIENCE RETURNED TO AN IN-PERSON, 2-MONTH LONG EVENT THAT ATTRACTED NEARLY 10,000 ATTENDEES THROUGHOUT THE CITY. CENTERED IN AN 18,000 SQUARE-FOOT HAHNE & CO. BUILDING RETAIL SPACE, THE FESTIVAL CREATED A POST-COVID DOWNTOWN DESTINATION AND GARNERED BROADCAST AND NATIONAL PRINT COVERAGE FOR ITS DIONNE WARWICK: QUEEN OF TWITTER FEATURE EXHIBIT AND GALLERY OF 158 WORKS BY LOCAL ARTISTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,168,017 | $2,135,228 | -0.5% |
| Expenses | $1,711,583 | $2,399,074 | -0.3% |
| Net Income | $-543,566 | $-263,846 | +1.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| REGINALD NOBLE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MARCY S DEPINA | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| SAMER HANINI | VICE PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| NICOLE WHALEN | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ONOME N ADEJEMILUA | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| KIM A COOK | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ANDREW COOMBS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| RICHARD GROSSKLAUS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DONNA WALKER-KUHNE | VICE PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| DUPRE KELLY | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MANUEL J ANTUNES | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CHISA B HUTCHINSON | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| RYAN A MONROE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| KITAB I ROLLINS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JOSEPH LEE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| REGINA BARBOZA | DIRECTOR OF DEVELOPMENT AN | 40.00 |
Officer
|
$97,704 | $9,623 | $107,327 |
| LAUREN CRAIG | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$101,610 | $5,530 | $107,140 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $1,168,017 | $1,711,583 | $731,914 | $-543,566 |
| 2023 | $2,135,228 | $2,399,074 | $1,337,089 | $-263,846 |
| 2021 | $2,660,381 | $2,417,680 | $1,947,360 | $242,701 |
| 2020 | $2,267,281 | $2,196,908 | $1,457,684 | $70,373 |
| 2019 | $1,599,547 | $1,357,817 | $647,759 | $241,730 |
| 2018 | $1,533,465 | $1,440,376 | $360,259 | $93,089 |
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