FRINGEARTS (EIN 232936188) - 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

1997

Legal Domicile

Principal Officer

MELISSA BRIDGE

Phone

2154139006

Tax Period

2023-01-01 to 2023-12-31

FRINGEARTS, founded in 1997, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Net assets of $8.0M represent 39 months of operating reserves.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO IMPLEMENT CHARITABLE AND EDUCATIONAL ACTIVITIES THROUGH PRESENTATION OF PERFORMING ARTS.

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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 $1,579,487

Program Service Revenue $886,649

Investment Income $1,422

Other Revenue $0

TOTAL REVENUE $2,467,558

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,255,122

Fundraising Expenses $302,989

Program Expenses $1,796,409

Other Expenses $1,369,374

TOTAL EXPENSES $2,624,496

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,467,558	$1,777,585	+0.4%
Expenses	$2,624,496	$2,378,869	+0.1%
Net Income	$-156,938	$-601,284	-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

101

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

$302,427

Total Directors

$200,117

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK DICHTER	CHAIR	5.00	Director	$0	$0	$0
JENNIFER BOHNENBERGER	VICE CHAIR/S	1.00	Officer Director	$0	$0	$0
LISA YOUNG	TREASURER	1.00	Officer Director	$0	$0	$0
DONALD BAINS	DIRECTOR	1.00	Director	$0	$0	$0
THERESA SPENCER	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY FORTE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HOFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
VIRGINIA SUSINI	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LIPSON	DIRECTOR	1.00	Director	$0	$0	$0
JAKE REARDON	DIRECTOR	1.00	Director	$0	$0	$0
DARYL RIDGEWAY	DIRECTOR	1.00	Director	$0	$0	$0
PAUL WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
TOM LUSSENHOP	DIRECTOR	1.00	Director	$0	$0	$0
EVE HYPPOLITE	DIRECTOR	1.00	Director	$0	$0	$0
CRYSTEL BREWE	DIRECTOR	1.00	Director	$0	$0	$0
NICK STUCCIO	PRES & PRODU	40.00	Officer Director	$165,000	$35,117	$200,117
MELISSA BRIDGE	DIRECTOR OF	40.00	Officer	$92,712	$9,598	$102,310

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	$2,467,558	$2,624,496	$8,418,507	$-156,938
2022	$1,777,585	$2,378,869	$8,299,671	$-601,284
2021	$3,794,684	$2,711,306	$8,985,122	$1,083,378
2020	$1,740,098	$1,731,535	$8,658,857	$8,563
2019	$2,556,808	$3,365,279	$7,856,143	$-808,471
2018	$2,963,326	$3,359,946	$8,837,876	$-396,620

FRINGEARTS