REG LENNA CENTER FOR THE ARTS INC

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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

PHINEAS DEMINK

Phone

7166642465

Tax Period

2024-01-01 to 2024-12-31

REG LENNA CENTER FOR THE ARTS INC, founded in 1985, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Net assets of $7.4M represent 60 months of operating reserves.

Mission

REG LENNA CENTER FOR THE ARTS IS AT THE HEART OF THE ARTS AND CULTURAL DISTRICT IN JAMESTOWN, NY. THE REG SHOWCASES A WIDE VARIETY OF EVENTS INCLUDING LIVE CONCERTS, MOVIES, BALLET, ORCHESTRAS, GALLERY SHOWS, WORKSHOPS AND MORE. THE CENTER INCLUDES A 1,155 SEAT HISTORIC THEATER, A MULTI-MEDIA ARTS STUDIO, PRE-FUNCTION EVENT SPACE, BILL'S PLACE - HOME OF THE 1878 BUFFALO BILL BILLBOARD, AND WRFA-LP 107.9 FM, A LOW POWER COMMUNITY RADIO STATION.

Program Service Accomplishments

Program 1

Expenses: $616,605 Revenue: $227,415

BUILDING - INCLUDES RENTALS OF APARTMENTS AND RETAIL SPACE TO INDIVIDUALS AND BUSINESSES. PROGRAM ALSO INCLUDES THE OVERALL OPERATION AND MAINTENANCE OF THE THEATER AND PORTIONS OF BUILDINGS USED BY...

Program 2

Expenses: $161,995 Revenue: $44,933

WRFA - A COMMUNITY-PROGRAMMED FM RADIO STATION, THAT OFFERS A 24-7 DIVERSE MIX OF NEWS, POLITICS, AND HUMAN INTEREST STORIES.

Program 3

Expenses: $206,854 Revenue: $211,014

PERFORMING - ARTISTIC AND CULTURAL PERFORMANCES FOR THE GENERAL PUBLIC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $772,158

Program Service Revenue $521,783

Investment Income $18,766

Other Revenue $162,716

TOTAL REVENUE $1,475,423

Expense Breakdown

Grants Paid $0

Salaries & Benefits $529,000

Fundraising Expenses $7,859

Program Expenses $1,057,985

Other Expenses $967,619

TOTAL EXPENSES $1,496,619

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,475,423	$1,892,889	-0.2%
Expenses	$1,496,619	$1,643,705	-0.1%
Net Income	$-21,196	$249,184	-1.1%

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

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

$85,046

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HILLARY R MEYER	EXECUTIVE DI	37.50	Officer	$76,786	$8,260	$85,046
PHINEAS DEMINK	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTY BRECHT	TREASURER	1.00	Officer Director	$0	$0	$0
DEBORAH MILLER	DIR, 12/24,	1.00	Officer Director	$0	$0	$0
JAMES JAKE KANE	PRES, THROUG	1.00	Officer Director	$0	$0	$0
CAMERON HURST	SEC/VP/PRES,	1.00	Officer Director	$0	$0	$0
LESLIE CALIMERI	DIR, START 1	1.00	Director	$0	$0	$0
ANDREW CARLSON	DIRECTOR	1.00	Director	$0	$0	$0
ANNE MARIE FARRELL	DIRECTOR	1.00	Director	$0	$0	$0
NEIL FLORY	DIR, START 1	1.00	Director	$0	$0	$0
MARY KOHL	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN SELLSTROM ESQ	DIRECTOR	1.00	Director	$0	$0	$0
LAURA SIMONS	DIR, START 6	1.00	Director	$0	$0	$0
SUE WHITE	EMERITUS	1.00	Director	$0	$0	$0
AMY BROWN	DIR, START D	1.00	Director	$0	$0	$0
MATT DEANGELO	DIR, 12/24-0	1.00	Director	$0	$0	$0
ELLEN DITONTO	VP, END 24	1.00	Officer Director	$0	$0	$0
MADISON LAVALLE	SEC, END 24	1.00	Officer Director	$0	$0	$0
UMA VEJENDLA	DIR, END 24	1.00	Director	$0	$0	$0
NACOLE BENSON	DIR, END 24	1.00	Director	$0	$0	$0
KATHRYN CARPEN	DIR, END 24	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	$1,475,423	$1,496,619	$7,521,353	$-21,196
2023	$1,892,889	$1,643,705	$7,595,445	$249,184
2022	$1,420,210	$1,586,441	$7,358,520	$-166,231
2021	$1,545,308	$1,295,385	$7,612,430	$249,923
2020	$747,481	$1,032,287	$7,296,687	$-284,806
2019	$1,707,566	$1,493,202	$7,978,764	$214,364
2018	$2,509,187	$1,195,057	$8,278,072	$1,314,130