ARTSQUEST

🔒

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

1983

Legal Domicile

Principal Officer

KATHERINE E HILGERT

Phone

6103321300

Tax Period

2023-01-01 to 2023-12-31

ARTSQUEST, founded in 1983, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $30.9M in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.7M, a strong 22% operating margin.

Mission

ARTSQUEST WILL BE AN INTERNATIONAL MODEL FOR PROVIDING ACCESS TO EXCEPTIONAL ARTISTIC, CULTURAL AND EDUCATIONAL EXPERIENCES PROMOTING INDIVIDUAL AND COMMUNITY CREATIVITY, ENLIGHTENMENT AND FULFILLMENT. ARTSQUEST WILL PROVIDE ACCESS TO ARTS, CULTURE AND EDUCATIONAL PROGRAMS FOR THE DIVERSE RESIDENTSOF THE LEHIGH VALLEY AND OTHERS WHO SEEK ACCESS IN OUR COMMUNITY BY: I. USING ARTS AND CULTURE AS KEY ELEMENTS OF ECONOMIC DEVELOPMENT FOR OUR URBAN COMMUNITIES. II. PROVIDING QUALITY CULTURAL EXPERIENCES FOR INDIVIDUALS, FAMILIES, YOUTH, CHILDREN AT RISK, SENIOR CITIZENS AND INDIVIDUALS WITH SPECIAL NEEDS. - PRESENTING LOCAL, REGIONAL, NATIONAL AND INTERNATIONAL VISUAL AND PERFORMING ARTISTS - CONSTANTLY UPGRADING THE QUALITY OF ALL PROGRAMS - OFFERING OPPORTUNITIES FOR DEVELOPMENT AND EXPOSURE OF VISUAL AND PERFORMING ARTISTS - BEING PROACTIVE IN PROVIDING ACCESS TO NEW ARTISTIC AND CREATIVE FORMATS AFFORDED BY TECHNOLOGY III. PARTNERING WITH BUSINESS ORGANIZATIONS, EDUCATIONAL INSTITUTIONS, GOVERNMENT AGENCIES AND OTHER NONPROFIT ORGANIZATIONS. IV. MAINTAINING A STRONG, CLEAR COMMUNICATION NETWORK FOR ALL STAKEHOLDERS, INCLUDING VOLUNTEERS, DONORS, STAFF, VENDORS AND THE COMMUNITY. V. EMPOWERING VOLUNTEERS TO GOVERN THE ORGANIZATION, AND TO DEVELOP AND PRODUCE CULTURAL PROGRAMS THAT MEET COMMUNITY NEEDS. VI. DEVELOPING A STAFF THAT DEMONSTRATES THE EXCELLENCE OF THE ORGANIZATION AND WORKS IN HARMONY WITH EACH OTHER AND THE VOLUNTEER CORPS. VII. PROVIDING EDUCATION IN THE CREATIVE ARTS IN AREAS NOT WELL REPRESENTED BY TRADITIONAL EDUCATIONAL INSTITUTIONS IN THE COMMUNITY AND BECOMING A RESOURCE FOR ARTS EDUCATION AND ARTS-IN-EDUCATION FOR THE REGION.

Program Service Accomplishments

Program 1

Expenses: $11,104,492 Revenue: $9,787,047

STARTED IN 1984, MUSIKFEST TODAY IS CONSIDERED THE NATION'S LARGEST FREE MUSIC FESTIVAL WITH MORE THAN 550 PERFORMANCES ON 17 STAGES, 16 OF WHICH ARE FREE. THIS 10-DAY FESTIVAL ATTRACTED MORE THAN...

STARTED IN 1984, MUSIKFEST TODAY IS CONSIDERED THE NATION'S LARGEST FREE MUSIC FESTIVAL WITH MORE THAN 550 PERFORMANCES ON 17 STAGES, 16 OF WHICH ARE FREE. THIS 10-DAY FESTIVAL ATTRACTED MORE THAN 1.1 MILLION PEOPLE FROM 45 STATES AND ONE DOZEN COUNTRIES IN 2017. AS THE LARGEST PROGRAM RUN BY ARTSQUEST, MUSIKFEST IS FAMILY-ORIENTED AND PRESENTS VIRTUALLY EVERY STYLE OF MUSIC INCLUDING BLUES, JAZZ, ROCK, COUNTRY, CLASSICAL, LATIN, FOLK, AMERICANA, AND BLUEGRASS. THE FESTIVAL IS SUPPORTED BY SPONSORSHIP, MEMBERSHIP, GRANTS, MERCHANDISE SALES, AND FOOD AND BEVERAGE SERVICE. ARTSQUEST WORKS WITH MORE THAN 25 REGIONAL ARTS AND CULTURAL ORGANIZATIONS TO INCORPORATE THEM INTO THIS FESTIVAL.

Program 2

Expenses: $7,962,539 Revenue: $4,163,205

BANANA FACTORY: ARTSQUEST ESTABLISHED THE BANANA FACTORY ARTS & EDUCATION CENTER IN JANUARY 1998. TODAY, THE BANANA FACTORY PROVIDES OVER 300 VISUAL ARTS AND EDUCATION CLASSES AND CAMPS TO SERVE THE COMMUNITY INCLUDING PHOTOGRAPHY, CERAMICS, GLASS-BLOWING, PAINTING, DRAWING, JEWELRY, MIXED MEDIA, AND SCULPTURE. THROUGH THE SUPPORT OF DONORS AND SPONSORS, ARTSQUEST OFFERS SCHOLARSHIPS TO ANY ADULT OR CHILD IN FINANCIAL NEED. THE ARTS CENTER OFFERS THREE FREE GALLERIES AND MORE THAN 25 STUDIOS TO REGIONAL VISUAL ARTISTS AT SUBSIDIZED RENTAL RATES IN ORDER TO ENCOURAGE ARTIST DEVELOPMENT AND ENGAGEMENT. SUBSIDIZED SPACE IS ALSO MADE AVAILABLE TO THE PENNSYLVANIA YOUTH THEATRE AND THE VOLUNTEER CENTER OF THE LEHIGH VALLEY. THE BANANA FACTORY ALSO HOUSES SEVERAL ARTSQUEST OFFICES CRITICAL TO ADMINISTERING THE OPERATIONS OF THIS CENTER AND THE ORGANIZATION AS A WHOLE.

Program 3

Expenses: $1,194,215 Revenue: $3,752,684

STEELSTACKS/ARTSQUEST PERFORMING ARTS CENTER: IN 2011, ARTSQUEST OPENED STEELSTACKS, A 10-ACRE ARTS, CULTURAL AND EDUCATIONAL CAMPUS LOCATED ON THE FORMER BETHLEHEM STEEL PLANT SITE IN BETHLEHEM, PA ON WHAT WAS THE LARGEST BROWNFIELD SITE UNDER DEVELOPMENT IN THE UNITED STATES. STEELSTACKS PROVIDES ACCESS TO A DIVERSE ARRAY OF CONCERTS, CLASSES, FESTIVALS AND EVENTS, USING ARTS AS A VEHICLE FOR URBAN REVITALIZATION. THE MAIN BUILDING ON THE CAMPUS IS THE ARTSQUEST CENTER, A 67,000-SQUARE-FOOT PERFORMING ARTS CENTER DESIGNED TO MEET THE COMMUNITY'S DIVERSE ARTS AND EDUCATION NEEDS. THE ARTSQUEST CENTER INCLUDES A 2-SCREEN CINEMA THAT OFFERS YEAR-ROUND PROGRAMMING FOR INDEPENDENT, FOREIGN, DOCUMENTARY AND LOCALLY MADE FILMS AS WELL AS A FLEXIBLE 2-STORY PERFORMANCE SPACE FOR THE PRESENTATION OF MUSIC, DANCE AND THEATRE.

🔒

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 $12,019,594

Program Service Revenue $17,283,936

Investment Income $674,991

Other Revenue $914,755

TOTAL REVENUE $30,893,276

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,443,267

Fundraising Expenses $1,057,239

Program Expenses $20,261,246

Other Expenses $17,715,227

TOTAL EXPENSES $24,158,494

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,893,276	$20,854,710	+0.5%
Expenses	$24,158,494	$21,256,133	+0.1%
Net Income	$6,734,782	$-401,423	-17.8%

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

N/A

Volunteers

N/A

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

$1,010,170

Total Directors