Allentown Art Festival Inc

EIN: 237024575 501(c)(3) Arts, Culture & Humanities

Buffalo, NY

Total Revenue
$157,015
Total Expenses
$158,396
Total Assets
N/A
Net Assets
N/A
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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
1958
Legal Domicile
NY
Phone
7164728149
Tax Period
2024-01-01 to 2024-12-31

Allentown Art Festival Inc, founded in 1958, is a small nonprofit in the Arts, Culture & Humanities sector that reported $157K in total revenue in fiscal year 2024.

Mission

Annual art show to promote artistic works and the related artists. Monies are benchmarked for public awareness and scholarships.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $13,100
Program Service Revenue $138,653
Investment Income $0
Other Revenue $5,262
TOTAL REVENUE $157,015

Expense Breakdown

Grants Paid $30,800
Salaries & Benefits $1,000
Fundraising Expenses $0
Program Expenses $124,877
Other Expenses $119,198
TOTAL EXPENSES $158,396

Year-over-Year Comparison

2024 2023 Change
Revenue $157,015 $153,782 +0.0%
Expenses $158,396 $144,502 +0.1%
Net Income $-1,381 $9,280 -1.1%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
22

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rita Lippman President 5
Director
$0 $0 $0
Patty Murrett Vice President 3
Director
$0 $0 $0
Philipp Deterville Treasurer 2
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 $157,015 $158,396 No data $-1,381
2023 $153,782 $144,502 No data $9,280
2023 $153,782 $144,502 No data $9,280
2022 $154,161 $127,764 $143,787 $26,397
2022 $686 $18,112 $129,549 $-17,426
2022 $157,349 $127,764 $146,975 $29,585
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