THE ART EFFECT OF THE HUDSON VALLEY INC (EIN 222538177) - 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

1985

Legal Domicile

Principal Officer

NICOLE FENICHEL-HEWITT

Phone

8454717477

Tax Period

2023-01-01 to 2023-12-31

THE ART EFFECT OF THE HUDSON VALLEY INC, founded in 1985, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $468K, a strong 20% operating margin.

Mission

THE ART EFFECT EMPOWERS YOUNG PEOPLE TO DEVELOP THEIR CREATIVE VOICE TO SHAPE THEIR FUTURES AND BRING ABOUT POSITIVE SOCIAL CHANGE.

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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 $1,724,681

Program Service Revenue $388,268

Investment Income $945

Other Revenue $256,921

TOTAL REVENUE $2,370,815

Expense Breakdown

Grants Paid $45,766

Salaries & Benefits $1,292,148

Fundraising Expenses $225,840

Program Expenses $1,549,439

Other Expenses $564,750

TOTAL EXPENSES $1,902,664

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,370,815	$1,927,255	+0.2%
Expenses	$1,902,664	$1,743,012	+0.1%
Net Income	$468,151	$184,243	+1.5%

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

205

Volunteers

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

$116,283

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE FENICHEL-HEWITT	EXECUTIVE DI	40.00	Officer	$116,283	$0	$116,283
DEAN TEMPLE	PRESIDENT	1.00	Officer Director	$0	$0	$0
GAYE MALLET	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
SHAILEE JOHNSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RICHARD DUVALL	TREASURER	1.00	Officer Director	$0	$0	$0
LORENZO ANGELINO	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID BLOOM	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANE CICATELLO	BOARD MEMBER	1.00	Director	$0	$0	$0
SYBIL DELGAUDIO	BOARD MEMBER	1.00	Director	$0	$0	$0
DWAYNE DOUGLAS	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL DECIUTIIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDY ELKIN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER KRONER	BOARD MEMBER	1.00	Director	$0	$0	$0
KIT LAYBOURNE	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARLEY MCIVER	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN MICHEL	BOARD MEMBER	1.00	Director	$0	$0	$0
TERESA QUINN	BOARD MEMBER	1.00	Director	$0	$0	$0
LORETTA SPENCE	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT C WATSON JR	BOARD MEMBER	1.00	Director	$0	$0	$0
HARRISON BRISBON-MCKINNON	YOUTH BOARD	1.00	Director	$0	$0	$0
ALERIA GONZALEZ	YOUTH BOARD	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
2024	No data	No data	No data	No data
2023	$2,370,815	$1,902,664	$2,151,362	$468,151
2022	$1,927,255	$1,743,012	$1,792,335	$184,243
2021	$2,042,849	$1,550,481	$1,190,527	$492,368
2020	$1,199,586	$1,429,699	$688,522	$-230,113
2019	$1,490,546	$1,520,116	$716,029	$-29,570
2018	$1,407,247	$1,317,608	$765,839	$89,639

THE ART EFFECT OF THE HUDSON VALLEY INC