ARTS COUNCIL OF PRINCETON (EIN 226108090) - 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

1968

Legal Domicile

Principal Officer

ADAM WELCH

Phone

6099248777

Tax Period

2024-07-01 to 2025-06-30

ARTS COUNCIL OF PRINCETON, founded in 1968, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Net assets of $6.2M represent 41 months of operating reserves.

Mission

THE ARTS COUNCIL OF PRINCETON'S MISSION IS BUILDING COMMUNITY THROUGH THE ARTS. PROGRAMS INCLUDE ARTS EDUCATION, EXHIBITIONS, CONCERTS AND EVENTS IN ITS PAUL ROBESON CTR IN DOWNTOWN PRINCETON AND THROUGHTOUT THE COMMUNITY.

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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 $788,873

Program Service Revenue $916,373

Investment Income $45,880

Other Revenue $51,354

TOTAL REVENUE $1,802,480

Expense Breakdown

Grants Paid $0

Salaries & Benefits $978,170

Fundraising Expenses $224,503

Program Expenses $1,455,319

Other Expenses $963,619

TOTAL EXPENSES $1,941,789

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,802,480	$1,973,184	-0.1%
Expenses	$1,941,789	$1,824,705	+0.1%
Net Income	$-139,309	$148,479	-1.9%

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

253

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

$156,571

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM WELCH	EXECUTIVE DI	40.00	Director	$131,901	$24,670	$156,571
ANNE REEVES	FOUNDING DIR	0.00		$20,000	$0	$20,000
JACQUI ALEXANDER	SECRETARY	2.00	Officer Director	$0	$0	$0
PHIL CLIPPINGER	TRUSTEE	1.00	Director	$0	$0	$0
AARON FISHER	TRUSTEE	1.00	Director	$0	$0	$0
LINDSEY FORDEN	TRUSTEE	1.00	Director	$0	$0	$0
TAMARA SIMPKINS FRANKLIN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
SAMIRA GHANI	TRUSTEE	1.00	Director	$0	$0	$0
KATHY HERRING	TRUSTEE	1.00	Director	$0	$0	$0
PAMELA JENSEN	TRUSTEE	1.00	Director	$0	$0	$0
ALISAN KAVOOKJIAN	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL KELLY	TREASURER	2.00	Officer Director	$0	$0	$0
STEPHEN KIM	TRUSTEE	1.00	Director	$0	$0	$0
CAITLIN KOLCZYNSKI	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK DE MAYNADIER	EXEC COMM ME	1.00	Director	$0	$0	$0
MARYELLEN MCQUADE	TRUSTEE	1.00	Director	$0	$0	$0
DIANA MOORE	TRUSTEE	1.00	Director	$0	$0	$0
TINA MOTTO	TRUSTEE	1.00	Director	$0	$0	$0
LYDIA PFEIFFER	TRUSTEE	1.00	Director	$0	$0	$0
ALEX PIMENTEL	TRUSTEE	1.00	Director	$0	$0	$0
GREGORY SMITH	TRUSTEE	1.00	Director	$0	$0	$0
JOHN THOMPSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
VIRIDIANA MARTINEZ WEISS	TRUSTEE	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	$1,802,480	$1,941,789	$6,916,045	$-139,309
2024	$1,973,184	$1,824,705	$6,846,850	$148,479
2023	$1,765,832	$1,809,439	$6,573,853	$-43,607
2022	$1,613,080	$1,600,158	$6,571,775	$12,922
2021	$1,415,782	$1,337,307	$6,794,650	$78,475
2020	$1,199,089	$1,449,044	$6,391,556	$-249,955
2019	$1,254,725	$1,451,881	$6,431,330	$-197,156
2018	$1,355,828	$1,555,005	$6,593,402	$-199,177

ARTS COUNCIL OF PRINCETON