FAIRMOUNT CENTER FOR CREATIVE AND … - Form 990 Financial Data

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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

ELIZABETH BOLANDER

Phone

4403383171

Tax Period

2024-09-01 to 2025-08-31

FAIRMOUNT CENTER FOR CREATIVE AND PERFORMING ARTS INC, founded in 1971, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum.

Mission

FAIRMOUNT CENTER FOR THE ARTS ENRICHES LIVES THROUGH THE ARTS.

Program Service Accomplishments

Program 1

Expenses: $663,143 Revenue: $440,174

FAIRMOUNT CENTER FOR THE PERFORMING ARTS PROVIDES A COMMUNITY-BASED, NON-COMPETITIVE ENVIRONMENT FOR CHILDREN AND ADULTS TO EXPLORE THE ARTS INCLUDING DANCE, THEATRE AND VISUAL ARTS CLASSES, AND...

FAIRMOUNT CENTER FOR THE PERFORMING ARTS PROVIDES A COMMUNITY-BASED, NON-COMPETITIVE ENVIRONMENT FOR CHILDREN AND ADULTS TO EXPLORE THE ARTS INCLUDING DANCE, THEATRE AND VISUAL ARTS CLASSES, AND PRIVATE MUSIC INSTRUCTION. FCPA ALSO OFFERS WORKSHOPS TO AREA SCHOOL CHILDREN AND ORGANIZATIONS, ENRICHING LIVES THROUGH THE EXPLORATIONS OF THE ARTS. THE ORGANIZATION ALSO OFFERS DANCE RECITALS, THEATRE PRODUCTIONS, CONCERTS, TALKS, FESTIVALS, AND EXHIBITIONS EACH YEAR.

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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 $635,222

Program Service Revenue $437,636

Investment Income $-1,836

Other Revenue $2,538

TOTAL REVENUE $1,073,560

Expense Breakdown

Grants Paid $0

Salaries & Benefits $595,913

Fundraising Expenses $74,691

Program Expenses $663,143

Other Expenses $466,389

TOTAL EXPENSES $1,062,302

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,073,560	$828,820	+0.3%
Expenses	$1,062,302	$888,982	+0.2%
Net Income	$11,258	$-60,162	-1.2%

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

$105,719

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH BOLANDER	EXECUTIVE DIRECTOR	40.00	Officer	$105,719	$0	$105,719
SAM BRENNER	DIRECTOR	2.00	Director	$0	$0	$0
MELANIE MALONEY	VICE PRESIDENT AND TREASURER	5.00	Officer Director	$0	$0	$0
TOBY MALONEY	DIRECTOR	2.00	Director	$0	$0	$0
PATRICIA PAPESH	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD SOLON	PRESIDENT	5.00	Officer Director	$0	$0	$0
RICHARD SUBEL	DIRECTOR, 9/24-5/25	2.00	Director	$0	$0	$0
LORRAINE SZABO	SECRETARY	2.00	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
2025	$1,073,560	$1,062,302	$436,768	$11,258
2024	$828,820	$888,982	$407,600	$-60,162
2023	$753,477	$753,724	$461,218	$-247
2022	$639,741	$616,402	$483,805	$23,339
2021	$591,864	$545,745	$456,472	$46,119

FAIRMOUNT CENTER FOR CREATIVE AND PERFORMING ARTS INC