SOMERSET COUNTY CULTURAL ARTS CENTER (EIN 223655857) - 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

ANDREW S GOLDEN

Phone

7324697700

Tax Period

2023-09-01 to 2024-08-31

SOMERSET COUNTY CULTURAL ARTS CENTER, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $264K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $298K exceeded revenue, resulting in a 13% operating deficit.

Mission

CENTER FOR PERFORMING ARTS INCLUDING THEATRICAL SCHOOL, PRODUCTIONS, CONCERTS AND COMMUNITY EVENTS.

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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 $90,636

Program Service Revenue $173,703

Investment Income $0

Other Revenue $0

TOTAL REVENUE $264,339

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $294,977

Other Expenses $298,057

TOTAL EXPENSES $298,057

Year-over-Year Comparison

	2023	2022	Change
Revenue	$264,339	$302,025	-0.1%
Expenses	$298,057	$410,712	-0.3%
Net Income	$-33,718	$-108,687	-0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW S GOLDEN	CHAIRMAN	40.00	Officer	$0	$0	$0
CURT SCHMIDT	1ST VICE PRESIDENT	10.00	Officer	$0	$0	$0
GAIL WOERNER	2ND VICE PRESIDENT	20.00	Officer	$0	$0	$0
KEN KIMBLE	2ND VICE PRESIDENT	5.00	Officer	$0	$0	$0
JENNIFER O'BRIEN	TREASURER	15.00	Officer	$0	$0	$0
ERIC DEREVJANIK	SECRETARY	5.00	Officer	$0	$0	$0
BRADFORD LINDSY	DIRECTOR	20.00	Director	$0	$0	$0
CATHERINE HELDT	DIRECTOR	1.00	Director	$0	$0	$0
JOESPH JAROLIM JR	DIRECTOR	1.00	Director	$0	$0	$0
TYRON HOWARD	DIRECTOR	2.00	Director	$0	$0	$0
AMANDA PAPA	DIRECTOR	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	$264,339	$298,057	$1,269,656	$-33,718

SOMERSET COUNTY CULTURAL ARTS CENTER