Atlantic City Arts Foundation (EIN 452409043) - 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

2011

Legal Domicile

Principal Officer

Monica Casiello

Phone

6094429976

Tax Period

2023-01-01 to 2023-12-31

Atlantic City Arts Foundation, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $575K in total revenue in fiscal year 2023. Revenue surged 119% from the prior year, signaling strong growth momentum. Expenses of $533K left a modest 7% surplus.

Mission

To foster an environment in which diverse arts and cultural programs enrich the quality of life for residents of and visitors to Atlantic City.

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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 (2023)

Revenue Breakdown

Contributions & Grants $535,195

Program Service Revenue $17,118

Investment Income $4,903

Other Revenue $17,918

TOTAL REVENUE $575,134

Expense Breakdown

Grants Paid $0

Salaries & Benefits $92,935

Fundraising Expenses $965

Program Expenses $347,575

Other Expenses $439,810

TOTAL EXPENSES $532,745

Year-over-Year Comparison

	2023	2022	Change
Revenue	$575,134	$262,282	+1.2%
Expenses	$532,745	$289,630	+0.8%
Net Income	$42,389	$-27,348	-2.5%

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

$60,010

Total Directors

$60,010

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kaitlyn O'Malley	Executive Director	1.00	Officer Director	$60,010	$0	$60,010
Monica Casiello	President	0.00	Officer Director	$0	$0	$0
Evan Sanchez	Vice President	0.00	Officer Director	$0	$0	$0
Mark Ganter	Treasurer	0.00	Officer Director	$0	$0	$0
Elizabeth Terenik	Secretary	0.00	Officer Director	$0	$0	$0
Christina Walley	Board Member	0.00	Director	$0	$0	$0
Chung-Fan Chang	Board Member	0.00	Director	$0	$0	$0
Miko Beach	Board Member	0.00	Director	$0	$0	$0
Tyler Griffin	Board Member	0.00	Director	$0	$0	$0
Larry Huttinger	Board Member	0.00	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	No data	No data	No data	No data
2023	$575,134	$532,745	$157,377	$42,389
2022	$262,282	$289,630	$111,782	$-27,348
2021	$205,216	$168,422	$156,473	$36,794

Atlantic City Arts Foundation