ABINGTON ART CENTER (EIN 231633530) - 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

1939

Legal Domicile

Principal Officer

ROSALIE GUZOFSKY

Phone

2158874882

Tax Period

2023-01-01 to 2023-12-31

ABINGTON ART CENTER, founded in 1939, is a small nonprofit in the Arts, Culture & Humanities sector that reported $391K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $450K exceeded revenue, resulting in a 15% operating deficit.

Mission

THE ABINGTON ART CENTER IS A NON-PROFIT ORGANIZATION WHOSE PURPOSE IS TO PROVIDE AND ENCOURAGE PROGRAMS AND ACTIVITIES FURTHERING ART APPRECIATION INCLUDING EXHIBITIONS, ARTS AND

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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 $46,414

Program Service Revenue $315,568

Investment Income $640

Other Revenue $28,418

TOTAL REVENUE $391,040

Expense Breakdown

Grants Paid $825

Salaries & Benefits $192,703

Fundraising Expenses $9,109

Program Expenses $286,210

Other Expenses $256,702

TOTAL EXPENSES $450,230

Year-over-Year Comparison

	2023	2022	Change
Revenue	$391,040	$563,211	-0.3%
Expenses	$450,230	$728,962	-0.4%
Net Income	$-59,190	$-165,751	-0.6%

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

$96,661

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jocelyn Russell Wallace	President	5.00	Officer Director	$0	$0	$0
Lenore Davies	Vice President	5.00	Officer Director	$0	$0	$0
Joyce Stein	Board Treasurer	2.00	Officer Director	$0	$0	$0
Nathalie Peeters	Board Secretary	5.00	Officer Director	$0	$0	$0
Yoni Hirt	Board Member	2.00	Director	$0	$0	$0
Ronald Resnikoff	Board Member	2.00	Director	$0	$0	$0
Amy Ricci	Board Member	2.00	Director	$0	$0	$0
John Rosenthal	Board Member	2.00	Director	$0	$0	$0
Stuart Winegrad	Board Member	2.00	Director	$0	$0	$0
ROSALIE GUZOFSKY	EXECUTIVE DIRECTOR	40.00	Officer	$70,044	$0	$70,044
JENNIFER CARDOSO	DIRECTOR OF OPERATIONS	20.00	Officer	$26,617	$0	$26,617

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	$563,211	$708,459	$1,543,695	$-145,248
2023	$391,040	$450,230	$1,447,446	$-59,190
2022	$582,841	$578,588	$1,589,726	$4,253
2021	$189,202	$337,146	$1,361,669	$-147,944
2020	$380,655	$420,122	$1,353,478	$-39,467
2019	$433,214	$426,929	$1,464,682	$6,285
2018	$421,645	$507,062	$1,542,680	$-85,417

ABINGTON ART CENTER