The Art School at Old Church Inc

EIN: 237400684 501(c)(3)

Demarest, NJ

Total Revenue
$965,174
Total Expenses
$913,524
Total Assets
$1,048,613
Net Assets
$898,684
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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
1974
Legal Domicile
NJ
Principal Officer
Jerry M James
Phone
2017677160
Tax Period
2023-06-01 to 2024-05-31

The Art School at Old Church Inc, founded in 1974, is a small nonprofit that reported $965K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $914K left a modest 5% surplus.

Mission

Operation of an art school

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $97,631
Program Service Revenue $801,084
Investment Income $22,478
Other Revenue $43,981
TOTAL REVENUE $965,174

Expense Breakdown

Grants Paid $0
Salaries & Benefits $584,302
Fundraising Expenses $16,213
Program Expenses $776,484
Other Expenses $329,222
TOTAL EXPENSES $913,524

Year-over-Year Comparison

2023 2022 Change
Revenue $965,174 $1,061,109 -0.1%
Expenses $913,524 $828,060 +0.1%
Net Income $51,650 $233,049 -0.8%
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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Governance

Voting Members
18
Independent Members
18
Employees
62
Volunteers
29

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
4
$3,480
Total Directors
16
$21,463
Key Employees
1
$68,125
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jerry M James Executive Director 35.00
Key Emp
$68,125 $0 $68,125
Carrie Ortiz President 1.00
Officer Director
$0 $0 $0
Jane Chang Board Member 1.00
Director
$11,810 $0 $11,810
Grant Hobson Treasurer 1.00
Officer Director
$0 $0 $0
Vivien Woodford Board Member 1.00
Director
$0 $0 $0
Ruth Borgenicht Board Member 1.00
Director
$1,560 $0 $1,560
Gail Rutigliano Secretary 1.00
Officer Director
$240 $0 $240
Martin Semar Board Member 1.00
Director
$0 $0 $0
Judy Schaefer Vice President 1.00
Officer Director
$3,240 $0 $3,240
Maureen Lostumbo Chairperson 1.00
Director
$0 $0 $0
Bruce Dehnert Board Member 1.00
Director
$2,363 $0 $2,363
James Turnbull Board Member 1.00
Director
$0 $0 $0
Susan Bogen Board Member 1.00
Director
$2,250 $0 $2,250
Anthony Iovino Board Member 1.00
Director
$0 $0 $0
Urvashi Joneja Board Member 1.00
Director
$0 $0 $0
Zola Kendi Board Member 1.00
Director
$0 $0 $0
Karen Stern Board Member 1.00
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 No data No data No data No data
2024 $965,174 $913,524 $1,048,613 $51,650
2023 $1,061,109 $828,060 $978,680 $233,049
2022 $786,885 $778,313 $710,443 $8,572
2021 $736,564 $710,124 $725,219 $26,440
2020 $838,600 $850,688 $771,891 $-12,088
2019 $918,242 $896,275 $698,513 $21,967
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