SIMSBURY PERFORMING ARTS CENTER INC

EIN: 274640969 501(c)(3) Philanthropy & Grantmaking

SIMSBURY, CT

Total Revenue
$1,008,341
Total Expenses
$724,354
Total Assets
$936,912
Net Assets
$663,754
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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
CT
Principal Officer
WILLIAM A ESTELL
Phone
8606514052
Tax Period
2024-01-01 to 2024-12-31

SIMSBURY PERFORMING ARTS CENTER INC, founded in 2011, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $284K, a strong 28% operating margin.

Mission

SIMSBURY PERFORMING ARTS CENTER, INC., THROUGH THE SIMSBURY MEADOWS PERFORMING ARTS CENTER, WILL ENRICH COMMUNITY SPIRIT, QUALITY OF LIFE AND ECONOMIC DEVELOPMENT IN SIMSBURY AND THE SURROUNDING REGION.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $466,414
Program Service Revenue $531,897
Investment Income $10,030
Other Revenue $0
TOTAL REVENUE $1,008,341

Expense Breakdown

Grants Paid $0
Salaries & Benefits $220,991
Fundraising Expenses $15,598
Program Expenses $585,772
Other Expenses $503,363
TOTAL EXPENSES $724,354

Year-over-Year Comparison

2024 2023 Change
Revenue $1,008,341 $699,847 +0.4%
Expenses $724,354 $706,985 +0.0%
Net Income $283,987 $-7,138 -40.8%
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

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Governance

Voting Members
18
Independent Members
18
Employees
15
Volunteers
18

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
7
$56,234
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF DORNENBURG CHAIR 10.00
Officer Director
$0 $0 $0
PING HSIEH VICE CHAIR 10.00
Officer Director
$0 $0 $0
ANDY ESTELL TREASURER 10.00
Officer Director
$0 $0 $0
JOE CAMPOLIETA OUTGOING SECRETARY 10.00
Officer Director
$0 $0 $0
LYNNE ADAME SECRETARY 5.00
Officer Director
$0 $0 $0
JUNE ARCHER BOARD MEMBER 1.00
Director
$0 $0 $0
CATHERINE BARNARD OUTGOING BOARD MEMBER 1.00
Director
$0 $0 $0
KRIS BARNETT BOARD MEMBER 1.00
Director
$0 $0 $0
LEE BURRUS BOARD MEMBER 1.00
Director
$0 $0 $0
BILL CLEGG BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE DOYLE BOARD MEMBER 1.00
Director
$0 $0 $0
CHUCK FORD BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE GARCEAU BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT HENSLEY OUTGOING BOARD MEMBER 1.00
Director
$0 $0 $0
LIZ KEPPEL BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID RYAN BOARD MEMBER 1.00
Director
$0 $0 $0
JACK SENNOTT BOARD MEMBER 1.00
Director
$0 $0 $0
LALITHA SHIVASWAMY BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF VERNEY BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAELYNN WARE BOARD MEMBER 1.00
Director
$0 $0 $0
EMILY WOOD VICE CHAIR 10.00
Officer Director
$0 $0 $0
MELISSA DINUNNO OUTGOING EXECUTIVE DIRECTOR 40.00
Officer
$54,040 $2,194 $56,234
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 $1,008,341 $724,354 $936,912 $283,987
2023 $699,847 $706,985 $652,069 $-7,138
2022 $681,196 $550,821 $679,846 $130,375
2021 $665,770 $677,981 $695,774 $-12,211
2020 $203,643 $192,249 $447,029 $11,394
2019 $633,401 $472,656 $266,637 $160,745
2018 $336,627 $364,837 $109,368 $-28,210
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