AVENUE OF THE ARTS INC (EIN 232711699) - 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

1992

Legal Domicile

Principal Officer

MADELINE APOLLO

Phone

2158341976

Tax Period

2024-01-01 to 2024-12-31

AVENUE OF THE ARTS INC, founded in 1992, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $1.4M exceeded revenue, resulting in a 13% operating deficit.

Mission

OUR PRIMARY MISSION IS ADVOCACY FOR THE INTERESTS OF THE AVENUE OF THE ARTS STAKEHOLDERS ON ISSUES RANGING FROM STRATEGIC PLANNING TO MARKETING AND PLACE MAKING IN SUPPORT OF THE ECONOMIC AND CULTURAL VITALITY OF THIS GREAT STREET.

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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 $1,195,978

Program Service Revenue $0

Investment Income $33,596

Other Revenue $903

TOTAL REVENUE $1,230,477

Expense Breakdown

Grants Paid $0

Salaries & Benefits $218,580

Fundraising Expenses $66,364

Program Expenses $1,175,459

Other Expenses $1,173,681

TOTAL EXPENSES $1,392,261

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,230,477	$907,477	+0.4%
Expenses	$1,392,261	$833,849	+0.7%
Net Income	$-161,784	$73,628	-3.2%

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

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

$143,948

Total Directors

$143,948

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA BURKHARDT	EXECUTIVE DI	40.00	Officer Director	$129,898	$14,050	$143,948
MADELINE APOLLO	TREASURER	2.00	Officer Director	$0	$0	$0
DAVID BLUM	DIRECTOR	2.00	Director	$0	$0	$0
JAMIE BRUNSON	DIRECTOR	2.00	Director	$0	$0	$0
SERGIO COSCIA	DIRECTOR	2.00	Director	$0	$0	$0
CARL DRANOFF	DIRECTOR	2.00	Director	$0	$0	$0
BROOK J LENFEST	DIRECTOR	2.00	Director	$0	$0	$0
THANUJA HAMILTON MD	DIRECTOR	2.00	Director	$0	$0	$0
TOM MCCARTHY	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS MILES	DIRECTOR	2.00	Director	$0	$0	$0
MICHELE PARCHMENT	DIRECTOR	2.00	Director	$0	$0	$0
DORIS PARENT	DIRECTOR	2.00	Director	$0	$0	$0
SALVATORE PATTI	DIRECTOR	2.00	Director	$0	$0	$0
JULIAN P RACKOW	DIRECTOR	2.00	Director	$0	$0	$0
DIANE SEMINGSON	CHAIRMAN	2.00	Officer Director	$0	$0	$0
BILL TIERNEY	DIRECTOR	2.00	Director	$0	$0	$0
NINA ZUCKER	SECRETARY	2.00	Officer 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	$1,230,477	$1,392,261	$911,615	$-161,784
2023	$907,477	$833,849	$1,715,346	$73,628
2022	$721,623	$662,581	$1,012,654	$59,042
2021	$468,656	$414,486	$963,570	$54,170
2020	$252,192	$317,762	$179,880	$-65,570
2019	$442,775	$453,360	$248,194	$-10,585
2018	$463,863	$413,689	$231,280	$50,174

AVENUE OF THE ARTS INC