BELMAR ARTS COUNCIL 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

2005

Legal Domicile

Principal Officer

JAMES ABERLE

Phone

7327493360

Tax Period

2024-01-01 to 2024-12-31

BELMAR ARTS COUNCIL INC, founded in 2005, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $70K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $82K exceeded revenue, resulting in a 17% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION IS TO ENCOURAGE ART PARTICPATION BY MEMBERS OF THE COMMUNITY AND TO DEVELOP AMATEUR ARTISTS IN PAINTING,PHOTOGRAPHY,SCULPTURE ETC..

Program Service Accomplishments

Program 1

Expenses: $20,625 Revenue: $16,000

TEACHERS ART CLASSES

Program 2

Expenses: $25,609 Revenue: $230

ANNUAL FUNDRAISER

Program 3

Expenses: $0 Revenue: $7,198

ART SALES

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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 $14,529

Program Service Revenue $55,572

Investment Income $0

Other Revenue $0

TOTAL REVENUE $70,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,094

Fundraising Expenses $0

Program Expenses $82,343

Other Expenses $66,249

TOTAL EXPENSES $82,343

Year-over-Year Comparison

	2024	2023	Change
Revenue	$70,101	$96,995	-0.3%
Expenses	$82,343	$80,627	+0.0%
Net Income	$-12,242	$16,368	-1.7%

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

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

$14,580

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE CIOFFI	ADMINISTRATOR	20.00	Director	$14,580	$0	$14,580
JAMES ABERLE	CHAIRPERSON	2.00	Director	$0	$0	$0
WENDY GREEN	SECRETARY	2.00	Director	$0	$0	$0
JENNIFER NICOLAY	TREASURER	2.00	Director	$0	$0	$0
TERRY HALIFKO	TRUSTEE	2.00	Director	$0	$0	$0
ANTHONY RUSSO	TRUSTEE	2.00	Director	$0	$0	$0
JENN CLEMENS	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN SPYKER	TRUSTEE	2.00	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	$70,101	$82,343	$57,012	$-12,242
2023	$96,995	$80,627	$70,538	$16,368
2022	$45,046	$41,243	$53,752	$3,803
2021	$31,027	$20,650	$50,023	$10,377
2020	$40,252	$27,647	$41,551	$12,605
2019	$62,321	$52,749	$30,688	$9,572
2018	$47,750	$41,958	$23,762	$5,792