GREATER HARTFORD ARTS COUNCIL INC (EIN 237111486) - 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

1971

Legal Domicile

Principal Officer

AMANDA ROY

Phone

8605258629

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

THE GREATER HARTFORD ARTS COUNCIL PROVIDES LEADERSHIP FOR THE FINANCIAL SUCCESS AND ORGANIZATIONAL STABILITY OF THE ARTS, CULTURAL, AND COMMUNITY.

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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 $2,751,332

Program Service Revenue $468,267

Investment Income $35,413

Other Revenue $-54,212

TOTAL REVENUE $3,200,800

Expense Breakdown

Grants Paid $1,460,878

Salaries & Benefits $687,348

Fundraising Expenses $264,998

Program Expenses $2,067,866

Other Expenses $595,146

TOTAL EXPENSES $2,743,372

Year-over-Year Comparison

	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%

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

$143,251

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

GREATER HARTFORD ARTS COUNCIL INC