CHEMUNG COUNTY PERFORMING ARTS INC CLEMENS CENTER (EIN 237441818) - 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

1975

Legal Domicile

Principal Officer

KAREN CROMER

Phone

6077335639

Tax Period

2023-09-01 to 2024-08-31

CHEMUNG COUNTY PERFORMING ARTS INC CLEMENS CENTER, founded in 1975, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 80% from the prior year, signaling strong growth momentum. Expenses of $2.9M left a modest 10% surplus.

Mission

TO ENHANCE THE QUALITY OF LIFE FOR ALL THE REGION'S RESIDENTS BY PROVIDING A DIVERSITY OF EXCELLENT PERFORMING ARTS PROGRAMMING IN A SUPERIOR FACILITY.

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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 $1,513,989

Program Service Revenue $1,223,193

Investment Income $310,417

Other Revenue $211,307

TOTAL REVENUE $3,258,906

Expense Breakdown

Grants Paid $0

Salaries & Benefits $954,048

Fundraising Expenses $206,002

Program Expenses $2,372,119

Other Expenses $1,990,599

TOTAL EXPENSES $2,944,647

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,258,906	$1,812,350	+0.8%
Expenses	$2,944,647	$2,400,971	+0.2%
Net Income	$314,259	$-588,621	-1.5%

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

$137,724

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN P MILLER	PRESIDENT	2.00	Officer Director	$0	$0	$0
QUAY THOMPSON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
L DALE COLE	SECRETARY	2.00	Officer Director	$0	$0	$0
KATHY STICKLER	TREASURER	2.00	Officer Director	$0	$0	$0
MARTIN D CHALK	TRUSTEE	1.00	Director	$0	$0	$0
BETSY DALRYMPLE	PAST PRESIDENT	1.00	Director	$0	$0	$0
SCOTT R IGNASZEWSKI	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT H LEWIS	TRUSTEE	1.00	Director	$0	$0	$0
KIMBERLEE BALOK MIDDAUGH ESQ	TRUSTEE	1.00	Director	$0	$0	$0
IVY D NG'OMA	TRUSTEE	1.00	Director	$0	$0	$0
L GLENN POPPLETON	TRUSTEE	1.00	Director	$0	$0	$0
HOLLY STRICKLAND	TRUSTEE	1.00	Director	$0	$0	$0
LAURY ELLEN WARD	TRUSTEE	1.00	Director	$0	$0	$0
PAM BURNS	TRUSTEE	1.00	Director	$0	$0	$0
ALAN WINSTON	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINA EPISCOPO	TRUSTEE	1.00	Director	$0	$0	$0
JOHN S MARCHESE	TRUSTEE	1.00	Director	$0	$0	$0
PAUL VERVALIN	PAST PRESIDENT	1.00	Director	$0	$0	$0
KAREN CROMER	EXECUTIVE DIRECTOR	40.00	Officer	$124,557	$13,167	$137,724

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	$3,258,906	$2,944,647	$17,704,013	$314,259
2023	$1,812,350	$2,400,971	$17,204,805	$-588,621
2022	$2,629,293	$2,723,377	$17,396,659	$-94,084
2021	$2,383,197	$1,505,981	$18,667,733	$877,216
2020	$1,966,366	$2,317,101	$17,396,090	$-350,735
2019	$3,106,774	$2,812,574	$17,683,555	$294,200

CHEMUNG COUNTY PERFORMING ARTS INC CLEMENS CENTER