ARTS PLACE INC (EIN 351379424) - 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

1967

Legal Domicile

Principal Officer

CAROLYN CARDUCCI

Phone

2607264809

Tax Period

2024-07-01 to 2025-06-30

ARTS PLACE INC, founded in 1967, is a small nonprofit that reported $534K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $810K exceeded revenue, resulting in a 52% operating deficit.

Mission

ARTS PLACE NURTURES THE CREATIVE SPIRIT BY MAKING ARTS EXPERIENCES, EDUCATION, AND SERVICES ACCESSIBLE TO THE REGION'S RESIDENTS, ARTISTS, AND CULTURAL ORGANIZATIONS.

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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 $406,476

Program Service Revenue $89,065

Investment Income $23,960

Other Revenue $14,449

TOTAL REVENUE $533,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $275,711

Fundraising Expenses $8,656

Program Expenses $641,265

Other Expenses $533,984

TOTAL EXPENSES $809,695

Year-over-Year Comparison

	2024	2023	Change
Revenue	$533,950	$693,390	-0.2%
Expenses	$809,695	$682,818	+0.2%
Net Income	$-275,745	$10,572	-27.1%

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

600

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

$70,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BONNIE MAITLEN	DIRECTOR	2.00	Director	$0	$0	$0
LEEANN MILLER	DIRECTOR	1.00	Director	$0	$0	$0
ANNA CULY	DIRECTOR	1.00	Director	$0	$0	$0
LAURA PEIPER	DIRECTOR	1.00	Director	$0	$0	$0
MARY MCCORD	DIRECTOR	1.00	Director	$0	$0	$0
KATHY AYERS	DIRECTOR	1.00	Director	$0	$0	$0
MYRA SMITH	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN CARDUCCI	EXECUTIVE DIRECTOR	45.00	Officer	$70,000	$0	$70,000
SARAH LINGO	PRESIDENT	2.00	Officer	$0	$0	$0
KRISTEN GIBSON	SECRETARY	2.00	Officer	$0	$0	$0
MIKE MEDLER	VICE PRESIDENT	2.00	Officer	$0	$0	$0
DANIEL HAMMOND	TREASURER	2.00	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	$533,950	$809,695	$4,405,552	$-275,745
2024	$693,390	$682,818	$4,602,132	$10,572
2023	$646,822	$835,721	$4,440,220	$-188,899
2022	$893,767	$898,020	$4,480,486	$-4,253
2021	$835,648	$672,522	$4,799,370	$163,126
2020	$1,105,721	$707,476	$4,380,793	$398,245
2019	$742,293	$760,808	$4,020,313	$-18,515

ARTS PLACE INC