MIDDLETOWN FINE ARTS CENTER (EIN 316014837) - 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

1957

Legal Domicile

Principal Officer

RAY PETERSON

Phone

5134242417

Tax Period

2024-01-01 to 2024-12-31

MIDDLETOWN FINE ARTS CENTER, founded in 1957, is a small nonprofit in the Arts, Culture & Humanities sector that reported $487K in total revenue in fiscal year 2024. Expenses of $447K left a modest 8% surplus.

Mission

THE PURPOSE OF THE MIDDLETOWN FINE ARTS CENTER IS EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES AND TO FURTHER THE ARTISTIC EDUATION AND CULTURE OF MIDDLETOWN AND THE SURROUNDING COMMUNITY.

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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 $282,716

Program Service Revenue $144,255

Investment Income $78,225

Other Revenue $-18,218

TOTAL REVENUE $486,978

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,869

Fundraising Expenses $0

Program Expenses $268,581

Other Expenses $246,095

TOTAL EXPENSES $446,964

Year-over-Year Comparison

	2024	2023	Change
Revenue	$486,978	N/A	N/A
Expenses	$446,964	N/A	N/A
Net Income	$40,014	N/A	N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANIS NEIN	TRUSTEE	1.00	Officer Director	$0	$0	$0
CATHIE MULLIGAN	TRUSTEE	1.00	Officer Director	$0	$0	$0
NANCY PETERSON	TRUSTEE	2.00	Officer Director	$0	$0	$0
PEGGY TRIMBLE	TRUSTEE	3.00	Officer Director	$0	$0	$0
AMY ABERNATHY	TRUSTEE	0.00	Officer Director	$0	$0	$0
ALAINA GERES	TRUSTEE	0.00	Officer Director	$0	$0	$0
CORINNE HEMESATH	TRUSTEE	0.00	Officer Director	$0	$0	$0
SHANE MEARS	TRUSTEE	0.00	Officer Director	$0	$0	$0
KATHIE WASSENICH	TRUSTEE	0.00	Officer Director	$0	$0	$0
ANDREW AU	TRUSTEE	0.00	Officer Director	$0	$0	$0
RAY PETERSON	TREASURER	3.00	Officer	$0	$0	$0
MARILYN NOLL	SECRETARY	1.00	Officer	$0	$0	$0
RICHARD M DAVIES	EXHIBITS CO CHAIR	1.00	Officer	$0	$0	$0
JACK HOWARD	CO CHAIR EXHIBITS	2.00	Officer	$0	$0	$0
ANITA SHEW	DEVELOPMENT CO CHAIR	3.00	Officer	$0	$0	$0
JULIE NICKELL	VICE PRESIDENT	3.00	Officer	$0	$0	$0
FRAN MORRISON	PRESIDENT	0.00	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
2025	No data	No data	No data	No data
2024	$486,978	$446,964	$1,077,420	$40,014
2023	$463,753	$401,005	$1,034,353	$62,748
2022	$336,488	$356,177	$987,684	$-19,689
2021	$151,069	$171,137	$1,007,377	$-20,068
2021	$400,441	$261,028	$1,045,645	$139,413
2020	$218,091	$262,465	$887,921	$-44,374
2020	$211,226	$260,404	$887,921	$-49,178
2019	$255,486	$293,697	$926,209	$-38,211
2019	$255,486	$290,821	$913,340	$-35,335

MIDDLETOWN FINE ARTS CENTER