NEXT STAGE ARTS PROJECT INC

EIN: 452157212 501(c)(3) Arts, Culture & Humanities

PUTNEY, VT

Total Revenue
$573,397
Total Expenses
$653,221
Total Assets
$1,746,831
Net Assets
$1,606,420
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Legal Domicile
VT
Principal Officer
ANDREW FROST
Phone
8023870102
Tax Period
2024-01-01 to 2024-12-31

NEXT STAGE ARTS PROJECT INC is a small nonprofit in the Arts, Culture & Humanities sector that reported $573K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $653K exceeded revenue, resulting in a 14% operating deficit.

Mission

NEXT STAGE ARTS PROJECT IS A NON-PROFIT ORGANIZATION DEDICATED TO HELPING ART HAPPEN THROUGH THE PROGRAMMING, DEVELOPMENT AND OPERATION OF THE NEXT STAGE THEATRE, A NEWLY RENOVATED PERFORMING ARTS FACILITY IN PUTNEY, VERMONT. WE CELEBRATE THE DIVERSITY OF ARTISTIC EXPRESSION BY FOSTERING A COLLABORATIVE ENVIRONMENT FOR AUDIENCES, PERFORMERS AND COMMUNITY BASED ARTS AND EDUCATIONAL ORGANIZATIONS. WE ARE COMMITTED TO ENHANCING THE VILLAGE OF PUTNEY AS A CULTURAL CENTER.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $371,087
Program Service Revenue $166,454
Investment Income $25,569
Other Revenue $10,287
TOTAL REVENUE $573,397

Expense Breakdown

Grants Paid $0
Salaries & Benefits $302,445
Fundraising Expenses $77,554
Program Expenses $392,183
Other Expenses $350,776
TOTAL EXPENSES $653,221

Year-over-Year Comparison

2024 2023 Change
Revenue $573,397 $724,677 -0.2%
Expenses $653,221 $586,624 +0.1%
Net Income $-79,824 $138,053 -1.6%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
5
Volunteers
135

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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW FROST PRESIDENT 3.00
Officer Director
$0 $0 $0
HEATHER BRUBAKER VICE PRESIDE 2.00
Officer Director
$0 $0 $0
KAREN BLUMBERG SECRETARY 2.00
Officer Director
$0 $0 $0
JON THATCHER DIRECTOR 1.00
Director
$0 $0 $0
DOROTHY PORTER DIRECTOR 1.00
Director
$0 $0 $0
WHIT WHEELER DIRECTOR 1.00
Director
$0 $0 $0
CRAY COOK DIRECTOR 1.00
Director
$0 $0 $0
TONY BLOFSON DIRECTOR 1.00
Director
$0 $0 $0
LIZ JORDAN DIRECTOR 1.00
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 $573,397 $653,221 $1,746,831 $-79,824
2023 $724,677 $586,624 $1,702,320 $138,053
2022 $534,537 $459,099 $1,646,403 $75,438
2021 $414,089 $367,544 $1,558,845 $46,545
2021 $414,089 $330,429 $1,611,595 $83,660
2020 $304,476 $258,474 $1,409,572 $46,002
2019 $253,813 $301,528 $1,369,569 $-47,715
2018 $220,942 $301,497 $1,391,170 $-80,555
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