Bethel Woods Center for the Arts I… - Form 990 Financial Data

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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

Eric Frances

Phone

8452952400

Tax Period

2023-01-01 to 2023-12-31

Bethel Woods Center for the Arts Inc, founded in 2011, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $24.1M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

Bethel Woods Center for the Arts, Inc.'s (the "Center") purpose is to inspire, educate, and empower individuals through the arts and humanities.

Program Service Accomplishments

Program 1

Expenses: $22,027,151 Revenue: $18,077,803

The Center is located at the site of the 1969 Woodstock Festival in Bethel, NY. The Center is committed to inspiring expression, creativity and innovation through the arts. The Center offers multiple stages featuring a diverse selection of popular and culturally-rich performances, an award-winning museum, and educational and community programs that provide meaningful experience in the arts, history and civic engagement. The heart of the Center is the pavilion stage amphitheater that accommodates 15,000 patrons while offering unique backdrops including the original festival site and the majesty of the surrounding Sullivan County countryside.Programmatic revenue reported in Part III includes all ticket sales and membership due revenue (inclusive of amounts reported as membership contributions in Part VIII, Line 1(b)).

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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 $4,731,479

Program Service Revenue $17,818,079

Investment Income $259,724

Other Revenue $1,332,093

TOTAL REVENUE $24,141,375

Expense Breakdown

Grants Paid $329,518

Salaries & Benefits $5,409,863

Fundraising Expenses $0

Program Expenses $22,027,151

Other Expenses $20,047,271

TOTAL EXPENSES $25,786,652

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,141,375	$25,993,810	-0.1%
Expenses	$25,786,652	$28,633,905	-0.1%
Net Income	$-1,645,277	$-2,640,095	-0.4%

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

506

Volunteers

199

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

$627,887

Total Directors

$452,789

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alan Gerry	Board Chairman/Trustee	1.00	Officer Director	$0	$0	$0
Keith Suehnholz	Vice Chairman/Trustee	1.00	Officer Director	$0	$0	$0
Paul Guenther	Secretary/Trustee	1.00	Officer Director	$0	$0	$0
Adam Gerry	Trustee	1.00	Director	$0	$0	$0
Kathy Frommer	Trustee	1.00	Director	$0	$0	$0
Jeffrey Gerson	Trustee	1.00	Director	$0	$0	$0
Ronald Greenberg	Trustee	1.00	Director	$0	$0	$0
Steve Marton	Trustee	1.00	Director	$0	$0	$0
Stuart Salenger	Trustee	1.00	Director	$0	$0	$0
Mike Watkins	Trustee	1.00	Director	$0	$0	$0
Frank Brown	Trustee	1.00	Director	$0	$0	$0
Glenn Friedman	Trustee	1.00	Director	$0	$0	$0
Judith Janney	Trustee	1.00	Director	$0	$0	$0
Rich Rowley	Trustee	1.00	Director	$0	$0	$0
Eric Frances	CEO/CFO/Trustee	40.00	Officer Director	$423,150	$29,639	$452,789
Paul Christman	Treasurer	40.00	Officer	$142,872	$32,226	$175,098
Paul Lloyd	Overhead General Manager	40.00	Highest	$163,340	$48,385	$211,725
Susan Russ	Senior Director of Marketing & Communications	40.00	Highest	$133,429	$22,707	$156,136
Suzanne Morris	Senior Director of Museum Education	40.00	Highest	$100,327	$44,665	$144,992
Daniel Melchick	Senior Director of Facilities	40.00	Highest	$100,979	$18,741	$119,720

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	$24,141,375	$25,786,652	$28,568,267	$-1,645,277
2022	$25,993,810	$28,633,905	$29,785,180	$-2,640,095
2021	$24,809,456	$17,175,006	$30,099,296	$7,634,450
2020	$6,054,105	$8,712,669	$23,328,232	$-2,658,564
2019	$22,619,653	$21,700,022	$24,237,659	$919,631
2018	$17,127,623	$17,387,117	$22,646,930	$-259,494

Bethel Woods Center for the Arts Inc