PATCHOGUE ARTS COUNCIL INC (EIN 262942036) - 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

2008

Legal Domicile

Principal Officer

Lori Devlin

Phone

6316278686

Tax Period

2024-01-01 to 2024-12-31

PATCHOGUE ARTS COUNCIL INC, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $605K in total revenue in fiscal year 2024. Expenses of $670K exceeded revenue, resulting in a 11% operating deficit.

Mission

To support, promote and encourage the arts through exhibits, public art, education and lectures with a focus on community engagement.

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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 $581,039

Program Service Revenue $21,845

Investment Income $0

Other Revenue $2,202

TOTAL REVENUE $605,086

Expense Breakdown

Grants Paid $0

Salaries & Benefits $119,110

Fundraising Expenses $10,218

Program Expenses $536,195

Other Expenses $550,937

TOTAL EXPENSES $670,047

Year-over-Year Comparison

	2024	2023	Change
Revenue	$605,086	$577,226	+0.0%
Expenses	$670,047	$555,973	+0.2%
Net Income	$-64,961	$21,253	-4.1%

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

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

$97,386

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Beth Giacummo	Executive Director	65	Key Emp	$97,386	$0	$97,386
Lori Devlin	Chairwoman	6	Officer Director	$0	$0	$0
Jennifer Berotti	First Vice President & Trustee	2	Officer Director	$0	$0	$0
Jessica Valentin	Second Vice President & Trustee	2	Officer Director	$0	$0	$0
Dr Thomas Ferb	Trustee	3	Director	$0	$0	$0
Edward Schmieder	Trustee	3	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
2024	$605,086	$670,047	$244,691	$-64,961
2023	$577,226	$555,973	$189,549	$21,253
2022	$499,918	$467,869	$157,207	$32,049

PATCHOGUE ARTS COUNCIL INC