Hopkinton 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

2011

Legal Domicile

Principal Officer

Dawn Anderson

Phone

5084359222

Tax Period

2023-01-01 to 2023-12-31

Hopkinton Center for the Arts, founded in 2011, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

An inclusive community that fosters and celebrates the creative spirit in every individual. It is dedicated to encouraging the greater MetroWest community in the exploration enjoyment and support of the arts through multidisciplinary programming.

Program Service Accomplishments

Program 1

Expenses: $1,019,090 Revenue: $251,662

Arts related performances and exhibits for theater gallery art shows concerts specialty boutiques and showcases

Program 2

Expenses: $510,468 Revenue: $1,017,721

Classes and workshops in dance music visual and performing arts and ceramics

Program 3

Expenses: $76,142 Revenue: $62,158

Facility space rental for private events

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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 $521,281

Program Service Revenue $1,331,545

Investment Income $201

Other Revenue $23,780

TOTAL REVENUE $1,876,807

Expense Breakdown

Grants Paid $0

Salaries & Benefits $672,137

Fundraising Expenses $93,514

Program Expenses $1,605,700

Other Expenses $1,404,843

TOTAL EXPENSES $2,076,980

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,876,807	$1,660,000	+0.1%
Expenses	$2,076,980	$1,724,910	+0.2%
Net Income	$-200,173	$-64,910	+2.1%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Allison Iantosca	Director	Director	$0	$0	$0
Joseph Gammal	Director	Director	$0	$0	$0
Janet Ceddia	Board Chair	Officer Director	$0	$0	$0
Dawn Anderson	Treasurer	Officer Director	$0	$0	$0
Aditya Nadkarni	Clerk	Officer Director	$0	$0	$0
Jeff Doherty	Director	Director	$0	$0	$0
Scott Richardson	Director	Director	$0	$0	$0
Jonathan Graziano	Director	Director	$0	$0	$0
Amanda Zuretti	Director	Director	$0	$0	$0
Meghan Gaul	Director	Director	$0	$0	$0
Yolanda Greaves	Director	Director	$0	$0	$0
Karen Webb	Director	Director	$0	$0	$0
Pauline Burr	Director	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	No data	No data	No data	No data
2023	$1,876,807	$2,076,980	$2,701,243	$-200,173
2022	$1,660,000	$1,724,910	$2,504,214	$-64,910
2022	$1,660,000	$1,724,910	$2,504,214	$-64,910
2021	$1,697,840	$1,197,655	$2,540,455	$500,185
2020	$772,506	$889,044	$1,689,991	$-116,538
2019	$835,226	$993,744	$1,676,665	$-158,518