MONMOUTH COUNTY ARTS COUNCIL INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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 PROVIDES PROGRAMS AND SERVICES THAT SUPPORT THE PRACTICE, PRESENCE, AND INFLUENCE OF THE ARTS AND OF ARTISTS THROUGHOUT MONMOUTH COUNTY.

Program Service Accomplishments

Program 1

Expenses: $596,493 Revenue: $67,289

MONMOUTH ARTS, THE LEADER OF THE MONMOUTH COUNTY ARTS COMMUNITY, WASFOUNDED IN 1971 AS A NONPROFIT AND SERVES AS THE OFFICIAL COUNTY ARTS AGENCY. MONMOUTH ARTS IS MADE UP OF ARTISTS, ARTS...

MONMOUTH ARTS, THE LEADER OF THE MONMOUTH COUNTY ARTS COMMUNITY, WASFOUNDED IN 1971 AS A NONPROFIT AND SERVES AS THE OFFICIAL COUNTY ARTS AGENCY. MONMOUTH ARTS IS MADE UP OF ARTISTS, ARTS ORGANIZATIONS, CREATIVE BUSINESSES, AND SUPPORTERS OF THE ARTS. MONMOUTH ARTS' PROGRAMS AND THE GROUPS IT SUPPORTS SERVE MORE THAN 750,000 PEOPLE EACH YEAR AND BRING OVER 3,000 ARTS EVENTS TO MONMOUTH COUNTY. MONMOUTH ARTS SUPPORTS ARTISTS AND ARTS PROGRAMS THROUGH NETWORKING EVENTS, WORKSHOPS, AND OTHER RESOURCES: THE ARTHELPS LOCAL ARTS PROGRAM SUPPORTS SMALL ARTS GROUPS AND COMMUNITY ART THROUGH GRANTS; THE MONMOUTH TEEN ARTS FESTIVAL BRINGS 2,000 STUDENT ARTISTS TOGETHER WITH PROFESSIONAL ARTISTS; AND MONMOUTH ARTS' E-BLASTS, SOCIAL MEDIA, X-IT ARTZINE, AND WEBSITE PUBLICIZE THE WIDE RANGE OF ARTS PERFORMANCES AND EXHIBITIONS THAT CAN BE FOUND THROUGHOUT THIS CULTURALLY RICH COUNTY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
2025	No data	No data	No data	No data
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