MONMOUTH COUNTY ARTS COUNCIL INC (EIN 223642107) - 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

1999

Legal Domicile

Principal Officer

LUKE BRESLIN

Phone

7322121890

Tax Period

2023-01-01 to 2023-12-31

MONMOUTH COUNTY ARTS COUNCIL INC, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $870K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring.

Mission

MONMOUTH COUNTY ARTS COUNCIL SUPPORTS ARTISTS AND ARTS GROUPS THROUGH NETWORKING, WORKSHOPS AND RESOURCES; THE MONMOUTH COUNTY TEEN ARTS FESTIVAL; LOCAL ARTS GRANT PROGRAM FOR ARTS GROUPS; AND BY PUBLICIZING ARTS PERFORMANCES & EXHIBITIONS IN EBLASTS AND ON OUR WEBSITE.

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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 $787,407

Program Service Revenue $66,456

Investment Income $15,145

Other Revenue $833

TOTAL REVENUE $869,841

Expense Breakdown

Grants Paid $138,400

Salaries & Benefits $509,259

Fundraising Expenses $115,611

Program Expenses $596,493

Other Expenses $206,551

TOTAL EXPENSES $854,210

Year-over-Year Comparison

	2023	2022	Change
Revenue	$869,841	$1,382,555	-0.4%
Expenses	$854,210	$757,601	+0.1%
Net Income	$15,631	$624,954	-1.0%

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

$110,493

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY BARRATT	SECRETARY	2.00	Officer Director	$0	$0	$0
PERRY BENEDUCE	PRESDIENT ELECT	2.00	Director	$0	$0	$0
CHRISTOPHER CURCIA	TRUSTEE	2.00	Director	$0	$0	$0
PEDER HAGBERG	TRUSTEE	2.00	Director	$0	$0	$0
MICHELLE KNOX	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD MURPHY	TRUSTEE	2.00	Director	$0	$0	$0
LYNN REICH	TRUSTEE	2.00	Director	$0	$0	$0
VICTORIA REIS	TRUSTEE	2.00	Director	$0	$0	$0
MELANIE PENNEY	TREASURER	2.00	Officer Director	$0	$0	$0
LUKE BRESLIN	PRESIDENT	2.00	Officer Director	$0	$0	$0
GINA TORELLO	TRUSTEE	2.00	Director	$0	$0	$0
MICHELLE WILLIAMS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JACKELINE MEJIAS-FUERTES	TRUSTEE	2.00	Director	$0	$0	$0
KAREN ZABARSKY	TRUSTEE	2.00	Director	$0	$0	$0
KRISTINE ZULEWSKI	TRUSTEE	2.00	Director	$0	$0	$0
TERESA STAUB	EXECUTIVE DIRECTOR	2.00	Officer	$110,493	$0	$110,493

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	$869,841	$854,210	$1,093,816	$15,631
2022	$1,382,555	$757,601	$1,053,231	$624,954
2021	$525,254	$483,309	$340,159	$41,945
2020	$454,892	$458,790	$292,921	$-3,898
2019	$467,812	$474,063	$180,213	$-6,251
2018	$446,751	$451,081	$183,285	$-4,330

MONMOUTH COUNTY ARTS COUNCIL INC