HOYT CENTER FOR THE ARTS

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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

DAVID ESPOSITO

Phone

7246522882

Tax Period

2024-07-01 to 2025-06-30

HOYT CENTER FOR THE ARTS, founded in 1971, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.2M in total revenue in fiscal year 2024. Revenue surged 194% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.1M, a strong 78% operating margin.

Mission

TO EXPAND AND ENRICH THE LIFE OF OUR COMMUNITY THROUGH PARTICIPATION IN THE ARTS.

Program Service Accomplishments

Program 1

Expenses: $626,732 Revenue: $75,107

TO PROVIDE SUPPORT, FACILITIES AND MANAGEMENT TO ARTS & EDUCATION AT THE HOYT IN AN EFFORT TO CONTINUE THE ENRICHMENT OF ALL AGES OF THE COMMUNITY THROUGH EDUCATION AND PROGRAMMING SPECIFIC TO THE...

TO PROVIDE SUPPORT, FACILITIES AND MANAGEMENT TO ARTS & EDUCATION AT THE HOYT IN AN EFFORT TO CONTINUE THE ENRICHMENT OF ALL AGES OF THE COMMUNITY THROUGH EDUCATION AND PROGRAMMING SPECIFIC TO THE FINE 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 (2024)

Revenue Breakdown

Contributions & Grants $75,107

Program Service Revenue $0

Investment Income $4,069,545

Other Revenue $1,073,714

TOTAL REVENUE $5,218,366

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $639,123

Fundraising Expenses $98,610

Program Expenses $626,732

Other Expenses $463,425

TOTAL EXPENSES $1,122,548

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,218,366	$1,773,347	+1.9%
Expenses	$1,122,548	$996,984	+0.1%
Net Income	$4,095,818	$776,363	+4.3%

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

$104,986

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY B KOLLER-JONES	EXECUTIVE DIRECTOR	40.00	Director	$104,986	$0	$104,986
MARIA MCKEE	DIRECTOR	0.00	Director	$0	$0	$0
LEEANN FULENA ESQ	DIRECTOR	0.00	Director	$0	$0	$0
NICOLE VITALE	VICE PRESIDENT	1.00	Director	$0	$0	$0
BRAD SHAFFER	DIRECTOR	0.00	Director	$0	$0	$0
SCOTT STONE	DIRECTOR	0.00	Director	$0	$0	$0
URSULA PAYNE	DIRECTOR	0.00	Officer	$0	$0	$0
DAVID ESPOSITO	PRESIDENT	2.50	Officer	$0	$0	$0
BILL MCKEE	TREASURER	1.00	Officer	$0	$0	$0
MICHELE PERELMAN	SECRETARY	1.50	Officer	$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	$5,218,366	$1,122,548	$32,525,404	$4,095,818
2024	$1,773,347	$996,984	$29,952,704	$776,363
2023	$2,066,808	$938,751	$26,158,648	$1,128,057
2022	$2,580,209	$795,495	$23,432,973	$1,784,714
2021	$1,441,347	$778,193	$25,076,237	$663,154
2020	$1,349,847	$861,283	$20,673,404	$488,564
2019	$1,906,826	$884,777	$20,027,453	$1,022,049
2018	$2,019,463	$818,491	$18,509,269	$1,200,972