BERGEN PERFORMING ARTS CENTER INC

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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

2003

Legal Domicile

Principal Officer

ALEXANDER DIAZ

Phone

2018168160

Tax Period

2022-07-01 to 2023-06-30

BERGEN PERFORMING ARTS CENTER INC, founded in 2003, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.2M in total revenue in fiscal year 2022. Revenue decreased 19% compared to the prior year.

Mission

TO ENHANCE THE PERFORMING ARTS IN NORTHERN NEW JERSEY AND TO AID, PRODUCE, PRESENT AND TO MAKE ANY AND ALL ARRANGEMENTS NECESSARY, OR DESIRABLE IN CONNECTION THEREWITH, MUSICAL CONCERTS, RECITALS, AND PRODUCTIONS OF EVERY KIND AND NATURE, INCLUDING, BUT NOT LIMITED TO, VOCAL AND INSTRUMENTAL CONCERTS, RECITALS, OPERAS, AND BALLETS AND TO SOLICIT, ACCEPT, ADMINISTER, AND DISBURSE GIFTS, GRANTS, AND BEQUESTS OF PROPERTY OF EVERY KIND OR TO HOLD SAID PROPERTY IN TRUST IN SUCH A MANNER AS THE CORPORATIN DEEMS APPROPRIATE FOR THE FURTHERING OF THE PURPSOES OF THE CORPORATION.

Program Service Accomplishments

Program 1

Expenses: $6,444,302

EDUCATION AND OUTREACH AND THEATRE OPERATIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,087,881

Program Service Revenue $6,009,967

Investment Income $59,014

Other Revenue $0

TOTAL REVENUE $7,156,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,120,970

Fundraising Expenses $265,125

Program Expenses $6,444,302

Other Expenses $5,743,288

TOTAL EXPENSES $7,864,258

Year-over-Year Comparison

	2022	2021	Change
Revenue	$7,156,862	$8,795,775	-0.2%
Expenses	$7,864,258	$5,840,926	+0.3%
Net Income	$-707,396	$2,954,849	-1.2%

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

154

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

$217,538

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VALERIE VAINIERI HUTTLE	CHAIR/TRUSTEE	4.00	Officer Director	$0	$0	$0
ROBERT COOK	PRESIDENT	4.00	Officer Director	$0	$0	$0
FRANK HUTTLE	FOUNDER/TRUSTEE	4.00	Director	$0	$0	$0
EDMONDO SCHWARTZ	CHAIRMAN EMERITUS	1.00	Director	$0	$0	$0
JANE BEAN	TRUSTEE	1.00	Director	$0	$0	$0
RAY CHEW	TRUSTEE	1.00	Director	$0	$0	$0
VIVIAN SCOTT CHEW	TRUSTEE	1.00	Director	$0	$0	$0
JULIE DIAZ	TRUSTEE	1.00	Director	$0	$0	$0
LUDMILA GOLAD	TRUSTEE	1.00	Director	$0	$0	$0
AMELIA GOLD	TRUSTEE	1.00	Director	$0	$0	$0
BERNARD J KOSTER	TRUSTEE	1.00	Director	$0	$0	$0
GARY PORZIO	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN SCIMONE-BELLINI	TRUSTEE	1.00	Director	$0	$0	$0
CJ STROCK	TRUSTEE	1.00	Director	$0	$0	$0
HON JAMES TEDESCO	EX OFFICIO/TRUSTEE	1.00	Director	$0	$0	$0
STEVEN GOLDSTEIN	TRUSTEE	1.00	Director	$0	$0	$0
GARY PHILLIPS	TRUSTEE	1.00	Director	$0	$0	$0
RICH TAYLOR	TRUSTEE	1.00	Director	$0	$0	$0
DEVRY PAZANT	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE BAE	TRUSTEE	1.00	Director	$0	$0	$0
ALEXANDER DIAZ	EXECUTIVE DIRECTOR	40.00	Officer	$123,692	$0	$123,692
SCOTT FOSTER	V.P. OF FINANCE	40.00	Officer	$93,846	$0	$93,846
MITCHELL SACKS	FORMER VICE PRESIDENT	1.00	Officer	$0	$0	$0
JOSEPH FEOLA	TECH DIRECTOR	40.00	Highest	$100,000	$0	$100,000
DOMINIC RONCACE	FORMER CEO/PRESIDENT/TRUSTEE	40.00		$354,168	$0	$354,168

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$7,156,862	$7,864,258	$14,824,890	$-707,396
2022	$8,795,775	$5,840,926	$10,790,927	$2,954,849
2021	$3,120,299	$1,971,583	$13,254,353	$1,148,716
2020	$7,559,054	$7,738,191	$9,351,635	$-179,137
2019	$10,537,228	$10,442,040	$8,855,943	$95,188
2018	$13,511,235	$9,849,417	$8,706,862	$3,661,818