FAITH CENTER FOR THE ARTS A NEW JE… - Form 990 Financial Data

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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

Phone

9732525043

Tax Period

2023-01-01 to 2023-12-31

FAITH CENTER FOR THE ARTS A NEW JERSEY NONPROFIT CORPORATION, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $755K in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $151K, a strong 20% operating margin.

Mission

PROVIDE AN EDUCATIONAL OPPORTUNITY FOR INDIVIDUALS TO OBTAIN KNOWLEDGE REGARDING THE FINE ARTS, WHETHER IT BE MUSIC, MUSICAL INSTRUMENTS, DANCE, DRAMA OR ART.

Program Service Accomplishments

Program 1

Expenses: $515,589

PROVIDED CLASSROOM INSTRUCTION AS WELL AS PERFORMANCE INSTRUCTION INVOLVING MUSIC, MUSICAL INSTRUMENTS, ART, DRAMA AND DANCE ACTIVITIES TO CHILDREN AND YOUNG ADULTS.

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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 $54,346

Program Service Revenue $698,163

Investment Income $1,719

Other Revenue $920

TOTAL REVENUE $755,148

Expense Breakdown

Grants Paid $0

Salaries & Benefits $467,781

Fundraising Expenses $0

Program Expenses $515,589

Other Expenses $136,667

TOTAL EXPENSES $604,448

Year-over-Year Comparison

	2023	2022	Change
Revenue	$755,148	$498,567	+0.5%
Expenses	$604,448	$458,673	+0.3%
Net Income	$150,700	$39,894	+2.8%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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

$78,255

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM BRIGGS	Executive Direc	40.00	Officer	$78,255	$0	$78,255
REENA KIRSPEL	Trustee	2.00	Director	$0	$0	$0
ROD KESSELRING	Trustee	4.00	Director	$0	$0	$0
RUSS WILLS	Trustee	2.00	Director	$0	$0	$0
DAVID BAKER	Treasurer	4.00	Officer	$0	$0	$0
PAUL CHAMBERS	Secretary	4.00	Officer	$0	$0	$0
JEANMARIE WITHAM KOZAN	President	4.00	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
2024	No data	No data	No data	No data
2023	$755,148	$604,448	$279,562	$150,700
2022	$498,567	$458,673	$138,223	$39,894
2021	$469,857	$423,075	$85,490	$46,782
2020	$396,165	$490,341	$42,480	$-94,176
2019	$669,645	$607,159	$136,656	$62,486
2018	$581,216	$559,952	$82,609	$21,264

FAITH CENTER FOR THE ARTS A NEW JERSEY NONPROFIT CORPORATION