FAIRMOUNT CENTER FOR CREATIVE AND PERFORMING ARTS INC (EIN 237199754) - 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

ELIZABETH BOLANDER

Phone

4403383171

Tax Period

2023-09-01 to 2024-08-31

FAIRMOUNT CENTER FOR CREATIVE AND PERFORMING ARTS INC, founded in 1971, is a small nonprofit that reported $829K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

FAIRMOUNT CENTER FOR THE ARTS ENRICHES LIVES THROUGH THE ARTS.

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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 $446,096

Program Service Revenue $374,565

Investment Income $1,541

Other Revenue $6,618

TOTAL REVENUE $828,820

Expense Breakdown

Grants Paid $0

Salaries & Benefits $424,406

Fundraising Expenses $66,573

Program Expenses $552,851

Other Expenses $464,576

TOTAL EXPENSES $888,982

Year-over-Year Comparison

	2023	2022	Change
Revenue	$828,820	$753,477	+0.1%
Expenses	$888,982	$753,724	+0.2%
Net Income	$-60,162	$-247	+242.6%

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

$101,671

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN BECK	DIRECTOR	2.00	Director	$0	$0	$0
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
RICHARD SOLON	PRESIDENT	5.00	Officer Director	$0	$0	$0
RICHARD SUBEL	DIRECTOR	2.00	Director	$0	$0	$0
LORRAINE SZABO	SECRETARY	2.00	Officer Director	$0	$0	$0
ELIZABETH BOLANDER	EXECUTIVE DIRECTOR	40.00	Officer	$101,671	$0	$101,671

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	$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