COOPERSTOWN ART ASSOCIATION INC

EIN: 237107232 501(c)(3) Arts, Culture & Humanities

COOPERSTOWN, NY

Total Revenue
$210,929
Total Expenses
$259,539
Total Assets
$1,235,468
Net Assets
$1,156,781
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
NY
Phone
6075479777
Tax Period
2023-01-01 to 2023-12-31

COOPERSTOWN ART ASSOCIATION INC, founded in 1956, is a small nonprofit in the Arts, Culture & Humanities sector that reported $211K in total revenue in fiscal year 2023. Expenses of $260K exceeded revenue, resulting in a 23% operating deficit.

Mission

Located at 22 Main Street in Cooperstown, the Cooperstown Art Association was formed in 1928 by a group of six professional artists to serve and maintain interest in the applied and fine arts and to provide the means to increase the community's awareness and participation in the arts. We wish to nurture the development of both artists and audience in all media and to educate the youth in the surrounding community. The CAA exhibits approximately 20 shows a year, featuring a cross-section of styles and abilities and bringing in a multitude of artists and patrons. We offer classes, demonstrations and lectures throughout the year along with our ongoing figure drawing class.Special events like Fine Arts on the Lawn the Pumpkin Glow and Chamber of Horrors and the Adorn-a-Door Wreath Festival have become established beloved traditions in this community and beyond. In addition the CAA also sponsors and co-sponsors special programming like artist studio tours, art film series, theatrical produc

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $107,756
Program Service Revenue $8,696
Investment Income $40,158
Other Revenue $54,319
TOTAL REVENUE $210,929

Expense Breakdown

Grants Paid $0
Salaries & Benefits $157,229
Fundraising Expenses $8,355
Program Expenses $192,338
Other Expenses $102,310
TOTAL EXPENSES $259,539

Year-over-Year Comparison

2023 2022 Change
Revenue $210,929 $199,909 +0.1%
Expenses $259,539 $257,343 +0.0%
Net Income $-48,610 $-57,434 -0.2%
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

Sign In

Governance

Voting Members
11
Independent Members
11
Employees
5
Volunteers
20

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
6
$62,300
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANET G ERWAY Executive Direc 35.00
Officer
$62,300 $0 $62,300
CHERYL WRIGHT President 2.00
Officer Director
$0 $0 $0
DIANNE KULL Director 1.00
Director
$0 $0 $0
CHARLES KIELER Treasurer 2.00
Officer Director
$0 $0 $0
JENNIFER VICTORY Director 2.00
Officer Director
$0 $0 $0
LORI SOLENSTEN CO SECRETARY 2.00
Officer Director
$0 $0 $0
DONALD RADDATZ Vice President 2.00
Officer Director
$0 $0 $0
CR JONES Director 1.00
Director
$0 $0 $0
WILL GREEN Director 1.00
Director
$0 $0 $0
TOM LIEBER Director 1.00
Director
$0 $0 $0
BILL SCHAEFFER Director 1.00
Director
$0 $0 $0
TED SPENCER Director 1.00
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 No data No data No data No data
2023 $210,929 $259,539 $1,235,468 $-48,610
2022 $199,909 $257,343 $1,191,564 $-57,434
2021 $231,579 $227,085 $1,357,432 $4,494
2020 $235,909 $193,953 $1,276,341 $41,956
2019 $191,435 $180,446 $1,219,080 $10,989
2018 $188,607 $190,480 $1,076,213 $-1,873
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare COOPERSTOWN ART ASSOCIATION INC with other nonprofits in New York and across the country.