MIDTOWN CULTURAL CENTER INC (EIN 364093991) - 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

1995

Legal Domicile

Principal Officer

ARTHUR B THELEN

Phone

7732925450

Tax Period

2024-01-01 to 2024-12-31

MIDTOWN CULTURAL CENTER INC, founded in 1995, is a small nonprofit in the Community Improvement sector that reported $710K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $639K left a modest 10% surplus.

Mission

CULTURAL AND RELIGIOUS (ROMAN CATHOLIC) CLASSES, RELIGIOUS RETREATS, YOUTH PROGRAMS, INDIVIDUAL SPIRITUAL DIRECTION, HOLY MASS AND OTHER ROMAN CATHOLIC WORSHIP. CARE OF CHAPEL AND RESIDENTIAL QUARTERS FOR PRIESTS AND LAY DIRECTORS OF THE PRELATURE OF OPUS DEI WHO STAFF OUR PROGRAMS.

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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 $361,965

Program Service Revenue $339,961

Investment Income $0

Other Revenue $7,902

TOTAL REVENUE $709,828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $380,529

Fundraising Expenses $26,222

Program Expenses $534,022

Other Expenses $258,491

TOTAL EXPENSES $639,020

Year-over-Year Comparison

	2024	2023	Change
Revenue	$709,828	$528,551	+0.3%
Expenses	$639,020	$615,516	+0.0%
Net Income	$70,808	$-86,965	-1.8%

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

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

$29,580

Total Directors

$29,580

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARTHUR B THELEN	PRESIDENT	40.00	Officer Director	$0	$29,580	$29,580
TIMOTHY BARRY	DIRECTOR	1.00	Director	$0	$0	$0
JAMES PALOS	SECRETARY	1.00	Officer Director	$0	$0	$0
FRANCISCO RUIZ	VICE PRESIDE	15.00	Officer Director	$0	$0	$0
JAMES A STRZODA	DIRECTOR	1.00	Director	$0	$0	$0
DAN WHEADON	TREASURER	1.00	Officer 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	$709,828	$639,020	$444,922	$70,808
2023	$528,551	$615,516	$374,383	$-86,965
2022	$623,996	$538,346	$468,652	$85,650
2021	$527,395	$544,426	$381,646	$-17,031
2020	$416,693	$510,447	$440,722	$-93,754

MIDTOWN CULTURAL CENTER INC