CYGNUS CREATIVE ARTS CENTRE INC (EIN 223249936) - 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

1993

Principal Officer

KENNETH HITCHENS

Phone

6092721199

Tax Period

2024-07-01 to 2025-06-30

CYGNUS CREATIVE ARTS CENTRE INC, founded in 1993, is a small nonprofit in the Arts, Culture & Humanities sector that reported $167K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

TO PROVIDE QUALITY CLASSES IN ALL THE ARTS, TO ENCOURAGE INDIVIDUALS OF ALL AGES TO PURSUE THEIR ARTISTIC TALENTS, AND TO BRING THE ARTS TO ATLANTIC COUNTY AND SURROUNDING AREAS WITH WORKSHOPS, EXHIBITS AND PERFORMANCES.

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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 $11,050

Program Service Revenue $150,396

Investment Income $5,426

Other Revenue $0

TOTAL REVENUE $166,872

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,513

Fundraising Expenses $0

Program Expenses $119,691

Other Expenses $130,376

TOTAL EXPENSES $173,889

Year-over-Year Comparison

	2024	2023	Change
Revenue	$166,872	$177,854	-0.1%
Expenses	$173,889	$207,158	-0.2%
Net Income	$-7,017	$-29,304	-0.8%

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

$16,300

Total Directors

$23,650

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH HITCHENS	PRESIDENT	1.00	Officer	$0	$0	$0
PAMELA TYSON	VICE PRESIDE	1.00	Officer	$0	$0	$0
JANICE CAMBRON	SECRETARY	1.00	Officer	$0	$0	$0
JANET ROSENTHAL	TREASURER	1.00	Officer	$16,300	$0	$16,300
CYNTHIA DOMINO	ARTISTIC DIR	1.00	Director	$23,650	$0	$23,650
GARY PRESS	BOARD MEMBER	1.00	Director	$0	$0	$0
TAMAR LASURE OWENS	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL HERRON	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE ALICEA	BOARD MEMBER	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
2025	$166,872	$173,889	$60,094	$-7,017
2024	$177,854	$207,158	$53,315	$-29,304
2023	$164,283	$187,704	$82,619	$-23,421
2022	$91,282	$92,222	$106,869	$-940
2020	$146,333	$160,142	$90,669	$-13,809
2019	$216,282	$205,194	$104,631	$11,088

CYGNUS CREATIVE ARTS CENTRE INC