ALLENS LANE ART CENTER

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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

1955

Legal Domicile

Phone

2152480546

Tax Period

2023-09-01 to 2024-08-31

ALLENS LANE ART CENTER, founded in 1955, is a small nonprofit in the Arts, Culture & Humanities sector that reported $667K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $586K left a modest 12% surplus.

Mission

The Organization provides programs and activities to bring a diverse community together to experience and support the arts.

Program Service Accomplishments

Program 1

Expenses: $437,317 Revenue: $374,484

The Organization provided summer art classes and theater presentations to residents, including children, in the greater Philadelphia area.

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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 $299,260

Program Service Revenue $311,158

Investment Income $0

Other Revenue $56,952

TOTAL REVENUE $667,370

Expense Breakdown

Grants Paid $0

Salaries & Benefits $382,655

Fundraising Expenses $44,140

Program Expenses $437,317

Other Expenses $202,869

TOTAL EXPENSES $585,524

Year-over-Year Comparison

	2023	2022	Change
Revenue	$667,370	$539,135	+0.2%
Expenses	$585,524	$493,805	+0.2%
Net Income	$81,846	$45,330	+0.8%

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

$71,583

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Vita Litvak	Executive Dir.	40.00	Officer	$71,583	$0	$71,583
Sigrid Lundby	Treasurer	0.50	Officer Director	$0	$0	$0
Lynne Andersson	Board Member	0.50	Director	$0	$0	$0
Laurence Liss	Vice President	0.50	Officer Director	$0	$0	$0
Melissa Torpie	Board Member	0.50	Director	$0	$0	$0
Cynthia Chatman	Board Member	0.50	Director	$0	$0	$0
Mary Kurtz	Secretary	0.50	Officer Director	$0	$0	$0
W Roderick Rod Gagne	Board Member	0.50	Director	$0	$0	$0
Thomas Gartside	Board Member	0.50	Director	$0	$0	$0
ReVae Boyd	Board Member	0.50	Director	$0	$0	$0
Debbie Lerman	Board Member	0.50	Director	$0	$0	$0
Baiyina Brown	Board Member	0.50	Director	$0	$0	$0
Lindsey Norward	Board Member	0.50	Director	$0	$0	$0
Susan Matyas	President	0.50	Officer Director	$0	$0	$0
Marzena Quinn	Board Member	0.50	Director	$0	$0	$0
Susan Richards	Board Member	0.50	Director	$0	$0	$0
Trudi Williams	Board Member	0.50	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	No data	No data	No data	No data
2024	$667,370	$585,524	$276,042	$81,846
2023	$539,135	$493,805	$198,017	$45,330
2022	$451,675	$433,409	$136,626	$18,266
2021	$356,733	$293,230	$100,078	$63,503
2020	$315,161	$291,318	$36,300	$23,843
2019	$347,742	$337,655	$34,950	$10,087
2018	$336,600	$338,483	$35,101	$-1,883