TRURO CENTER FOR THE ARTS AT CASTLE HILL INC (EIN 237187427) - 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

1972

Legal Domicile

Principal Officer

ROBERT SILVERSTEIN

Phone

5083497511

Tax Period

2024-01-01 to 2024-12-31

TRURO CENTER FOR THE ARTS AT CASTLE HILL INC, founded in 1972, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $494K, a strong 22% operating margin.

Mission

TRURO CENTER FOR THE ARTS AT CASTLE HILL HAS SERVED A SINGLE PURPOSE FOR MORE THAN 40 YEARS: TO CREATE AN INCLUSIVE AND SUPPORTIVE ARTS COMMUNITY BY PROVIDING A WIDE RANGE OF ARTISTIC EXPERIENCES TO STUDENTS AT ALL LEVELS OF ABILITY. ENERGIZED BY A FACULTY OF DISTINGUISHED ARTISTS AND WRITERS AND ENLIVENED BY A WELCOMING AND ENGAGING COMMUNITY, CASTLE HILL OFFERS WORKSHOPS, LECTURES, EXHIBITIONS, PERFORMANCES, SPECIAL EVENTS AND SHORT-TERM ARTIST RESIDENCIES. LOCATED IN AN EXQUISITELY BEAUTIFUL RURAL SETTING, CASTLE HILL PROVIDES UNIQUE AND INSPIRING LEARNING EXPERIENCES TO ALL WHO COME HERE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,427,855

Program Service Revenue $717,096

Investment Income $4,784

Other Revenue $111,338

TOTAL REVENUE $2,261,073

Expense Breakdown

Grants Paid $0

Salaries & Benefits $737,785

Fundraising Expenses $64,962

Program Expenses $1,462,005

Other Expenses $1,028,927

TOTAL EXPENSES $1,766,712

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,261,073	$1,500,303	+0.5%
Expenses	$1,766,712	$1,464,950	+0.2%
Net Income	$494,361	$35,353	+13.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TINA TARANTAL	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT SILVERSTEIN	TREASURER	5.00	Officer Director	$0	$0	$0
HARRIET BEE	DIRECTOR	0.50	Director	$0	$0	$0
DAMON KATZ	PRESIDENT	5.00	Officer Director	$0	$0	$0
KATHY JACKSON	DIRECTOR	0.50	Director	$0	$0	$0
ELLYN WEISS	DIRECTOR	0.50	Director	$0	$0	$0
SARAH LUTZ	CO-VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
JUDY AIN	DIRECTOR	0.50	Director	$0	$0	$0
ANN MCQUEEN	RECORDING SEC.	0.50	Officer Director	$0	$0	$0
ROBERT RINDLER	DIRECTOR	0.50	Director	$0	$0	$0
TERRY KAHN	DIRECTOR	0.50	Director	$0	$0	$0
NOMI MCGUIRE	DIRECTOR	0.50	Director	$0	$0	$0
AMY WALTCH	DIRECTOR	0.50	Director	$0	$0	$0
KATHLEEN COLLINS	DIRECTOR	0.50	Director	$0	$0	$0
KAREN DUKESS	DIRECTOR	0.50	Director	$0	$0	$0
GLORIA VIGLIANI	DIRECTOR	0.50	Director	$0	$0	$0
CHERIE MITTENTHAL	ARTISTIC EXECUTIVE DIRECTO	40.00	Director	$0	$0	$0
MARY ANN O'LOUGHLIN	CO-VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
KATHLEEN FAHLE TO SEPT 2024	CLERK/ MANAGING DIRECTOR	40.00	Officer	$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	$2,261,073	$1,766,712	$6,950,262	$494,361
2024	$2,313,217	$1,657,245	$7,211,127	$655,972
2023	$1,500,303	$1,464,950	$6,222,837	$35,353
2022	$2,438,098	$1,452,376	$6,136,818	$985,722
2022	$2,438,098	$1,452,376	$6,136,818	$985,722
2021	$1,649,041	$1,320,598	$5,336,661	$328,443
2020	$1,117,443	$751,071	$4,956,182	$366,372

TRURO CENTER FOR THE ARTS AT CASTLE HILL INC