GREENWICH ARTS COUNCIL INC

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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

DORIANNE SAMUELS

Phone

2038626754

Tax Period

2023-07-01 to 2024-06-30

GREENWICH ARTS COUNCIL INC, founded in 1972, is a small nonprofit in the Arts, Culture & Humanities sector that reported $323K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $392K exceeded revenue, resulting in a 22% operating deficit.

Mission

TO ENCOURAGE INDIVIDUAL CREATIVITY AND TO BROADEN COMMUNITY PARTICIPATION IN, APPRECIATIO OF, AND SUPPORT FOR THE VISUAL, PERFORMING, AND LITERARY ARTS.

Program Service Accomplishments

Program 1

Expenses: $246,797

PROMOTE THE ARTS BY NURTURING ARTISTS AND BUILDING AUDIENCES.

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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 $77,640

Program Service Revenue $19,201

Investment Income $19,510

Other Revenue $206,239

TOTAL REVENUE $322,590

Expense Breakdown

Grants Paid $0

Salaries & Benefits $193,257

Fundraising Expenses $50,187

Program Expenses $265,136

Other Expenses $199,225

TOTAL EXPENSES $392,482

Year-over-Year Comparison

	2023	2022	Change
Revenue	$322,590	$350,685	-0.1%
Expenses	$392,482	$373,553	+0.1%
Net Income	$-69,892	$-22,868	+2.1%

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

N/A

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
DORIANNE SAMUELS	PRESIDENT	15.00	Officer Director	$0	$0	$0
CHRISTINA VOLKWEIN	VICE PRESIDE	8.00	Officer Director	$0	$0	$0
LINDA SHIRLEY	SECRETARY	8.00	Officer Director	$0	$0	$0
SUSAN KALLA	TREASURER	8.00		$0	$0	$0
MARIA STITCH	VICE PRESIDE	8.00		$0	$0	$0
FERESHTEH PRIOU	INTERIM TREA	6.00	Director	$0	$0	$0
ANDREW BORNER	DIRECTOR	4.00	Director	$0	$0	$0
ANNE MARIE HYNES	DIRECTOR	4.00	Director	$0	$0	$0
ALLEN JACKSON	DIRECTOR	4.00	Director	$0	$0	$0
FELICITY KOSTAKIS	DIRECTOR	4.00	Director	$0	$0	$0
BARBARA O'SHEA	DIRECTOR	4.00	Director	$0	$0	$0
FRANK SMURLO	DIRECTOR	4.00	Director	$0	$0	$0
TATIANA MORI	EXECUTIVE DI	40.00	Highest	$103,172	$0	$103,172

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	No data	No data	No data	No data
2024	$322,590	$392,482	$593,497	$-69,892
2024	$322,590	$392,482	$593,497	$-69,892
2024	$322,590	$392,482	$593,497	$-69,892
2023	$350,685	$373,553	$632,406	$-22,868
2022	$340,395	$281,189	$749,533	$59,206
2022	$427,251	$351,509	$670,623	$75,742
2021	$240,284	$292,564	$769,869	$-52,280
2020	$291,647	$368,734	$728,800	$-77,087
2019	$692,003	$696,672	$802,060	$-4,669