NEW BRUNSWICK CULTURAL CENTER INC (EIN 222456189) - 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

1982

Legal Domicile

Principal Officer

THOMAS KELSO

Phone

7322492220

Tax Period

2021-07-01 to 2022-06-30

NEW BRUNSWICK CULTURAL CENTER INC, founded in 1982, is a small nonprofit that reported $401K in total revenue in fiscal year 2021. Expenses of $714K exceeded revenue, resulting in a 78% operating deficit.

Mission

STIMULATE THE CULTURAL DEVELOPMENT AND ECONOMIC GROWTH OF ARTS AND ENTERTAINMENT WITHIN THE CITY OF NEW BRUNSWICK.

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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 (2021)

Revenue Breakdown

Contributions & Grants $219,219

Program Service Revenue $182,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $401,219

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,464

Fundraising Expenses $0

Program Expenses $218,090

Other Expenses $663,524

TOTAL EXPENSES $713,988

Year-over-Year Comparison

	2021	2020	Change
Revenue	$401,219	$403,521	0.0%
Expenses	$713,988	$654,819	+0.1%
Net Income	$-312,769	$-251,298	+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

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

$15,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS KELSO	CHAIRPERSON	5.00	Director	$0	$0	$0
GARY HOAGLAND	VICE CHAIR/SECRETARY	2.00	Director	$0	$0	$0
WILLIAM HAGAMAN	TREASURER	2.00	Director	$0	$0	$0
CHARLES METCALF	TRUSTEEE	2.00	Director	$0	$0	$0
STEVEN DARIEN	TRUSTEEE	2.00	Director	$0	$0	$0
CAROL HERBERT	TRUSTEEE	2.00	Director	$0	$0	$0
CARL VAN HORN	TRUSTEEE	2.00	Director	$0	$0	$0
JAMES HESTON	TRUSTEE	2.00	Director	$0	$0	$0
JOHN FITZGERALD	TRUSTEE	2.00	Director	$0	$0	$0
TRACEY O'REGGIO CLARK	INTERIM EXECUTIVE DIRECTOR	30.00	Officer	$15,000	$0	$15,000

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
2022	$401,219	$713,988	$13,816,648	$-312,769
2021	$403,521	$654,819	$14,306,662	$-251,298
2020	$402,962	$638,850	$14,746,234	$-235,888
2019	$442,968	$622,788	$15,178,992	$-179,820
2018	$527,631	$339,188	$16,653,315	$188,443

NEW BRUNSWICK CULTURAL CENTER INC