HARTFORD, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GREATER HARTFORD ARTS COUNCIL INC, founded in 1971, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum. Expenses of $2.7M left a modest 14% surplus.
THE GREATER HARTFORD ARTS COUNCIL'S ("GHAC") MISSION IS TO INSPIRE ALL PEOPLE TO PARTICIPATE AND INVEST IN THE ARTS. GHAC SERVES CONNECTICUT'S CAPITAL REGION BY CONNECTING PEOPLE TO THE ARTS, PROVIDING FINANCIAL RESOURCES AND SUPPORT SERVICES FOR ARTS AND CULTURAL INSTITUTIONS, AS WELL AS A RANGE OF COMMUNITY PROGRAMS. GHAC IS ONE OF THE LARGEST INDEPENDENT ARTS COUNCIL IN NEW ENGLAND, COMBINING THE FUNDRAISING AND GRANT MAKING FUNCTIONS OF A UNITED ARTS AGENCY WITH A WIDE RANGE OF PROGRAMS AND SERVICES THAT ARE OFTEN FOUND IN A STATE OR MUNICIPAL CULTURAL COMMISSION.
CREATE - THE CREATE CATEGORY FOCUSES ON INVESTING IN ARTS ORGANIZATIONS AND ARTISTS TO ELEVATE THE POSSIBILITIES FOR SUCCESS FOR CREATIVES. CREATE INVESTMENTS WILL STRENGTHEN THE CREATIVE ECONOMY AND...
CREATE - THE CREATE CATEGORY FOCUSES ON INVESTING IN ARTS ORGANIZATIONS AND ARTISTS TO ELEVATE THE POSSIBILITIES FOR SUCCESS FOR CREATIVES. CREATE INVESTMENTS WILL STRENGTHEN THE CREATIVE ECONOMY AND CREATE COLLABORATIVE EXPERIENCES FOR STRATEGIC PARTNERS AND THE COMMUNITY THROUGH PROGRAMS, WORKSHOPS AND EVENTS. THIS INCLUDES INDIVIDUAL ARTIST GRANTS, THE CONTINUATION AND EXPANSION OF HARTFORD CREATES, AND CREATIVE WORKFORCE PROGRAMMING.
EVOLVE - THE EVOLVE CATEGORY FOCUSES ON TRANSFORMING THE HARTFORD REGION INTO NEW ENGLANDS PREMIER CREATIVE DESTINATION. COMING OUT OF THE PANDEMIC, EVOLVE INVESTMENTS WILL REDEFINE THE EXPERIENCE...
EVOLVE - THE EVOLVE CATEGORY FOCUSES ON TRANSFORMING THE HARTFORD REGION INTO NEW ENGLANDS PREMIER CREATIVE DESTINATION. COMING OUT OF THE PANDEMIC, EVOLVE INVESTMENTS WILL REDEFINE THE EXPERIENCE, VALUE AND SUSTAINABILITY OF THE ARTS, AS WELL AS DEVELOP OPPORTUNITIES FOR MAKING THE ARTS A VEHICLE FOR COMMUNITY VITALITY. THIS INCLUDES ARTS AND WELLNESS PROGRAMMING, SECTOR-WIDE PROFESSIONAL DEVELOPMENT, AND DEVELOPING OPPORTUNITIES FOR COMMUNITY INVESTMENT IN THE ARTS.
BELONG - THE BELONG CATEGORY FOCUSES ON EXPANDING THE DIVERSITY OF AUDIENCES WHO ENGAGE IN THE ART ECOSYSTEM, AUTHENTICALLY BUILDING A COMMUNITY OF ACCEPTANCE AND WORTHINESS, AND EDUCATING THE SECTOR...
BELONG - THE BELONG CATEGORY FOCUSES ON EXPANDING THE DIVERSITY OF AUDIENCES WHO ENGAGE IN THE ART ECOSYSTEM, AUTHENTICALLY BUILDING A COMMUNITY OF ACCEPTANCE AND WORTHINESS, AND EDUCATING THE SECTOR THROUGH DIVERSITY, EQUITY, INCLUSION, ACCESS, & JUSTICE TRAINING AND ACTIVATION. THIS INCLUDES GRANTS THAT PROVIDE ACCESS TO THE ARTS AND DEVELOPING OPPORTUNITIES FOR CONVENING WITH THE CREATIVE COMMUNITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $3,200,800 | $2,039,809 | +0.6% |
| Expenses | $2,743,372 | $2,480,249 | +0.1% |
| Net Income | $457,428 | $-440,440 | -2.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SHELLEY BEST | CEO | 40.00 |
Officer
|
$143,251 | $0 | $143,251 |
| STANLEY HARASIMOWITZ | BOD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL A PIGNATELLA | BOD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CHIP MCCABE | BOD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| T'CHALLA WILLIAMS | BOD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN JACKSON | BOD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BRIAN REFICI | BOD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ASHANTI OSBORNE MARTIN | BOD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| REV MIGUELINA HOWELL | BOD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JUNE ARCHER | BOD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ROSE CURIEL | BOD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MARIE PEREZ BROWN | BOD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PATRICK MCGLOIN | BOD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD HILL | AUDIT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ERIC GOLDSTEIN | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARY KAY CURTISS | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| HANEEF NELSON | VICE PRESIDE | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROBERT BRASWELL | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $3,200,800 | $2,743,372 | $3,883,918 | $457,428 |
| 2022 | $2,039,809 | $2,480,249 | $2,978,532 | $-440,440 |
| 2021 | $1,572,575 | $1,782,956 | $1,934,139 | $-210,381 |
| 2020 | $2,667,377 | $2,080,028 | $1,904,972 | $587,349 |
| 2019 | $2,465,707 | $2,783,575 | $1,887,502 | $-317,868 |
| 2018 | $2,448,544 | $2,398,244 | $2,131,210 | $50,300 |
Compare GREATER HARTFORD ARTS COUNCIL INC with other nonprofits in Connecticut and across the country.