WOODBRIDGE ARTS ALLIANCE INC

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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

2012

Legal Domicile

Principal Officer

CAROLINE EHRLICH

Phone

7323824987

Tax Period

2024-01-01 to 2024-12-31

WOODBRIDGE ARTS ALLIANCE INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $331K in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 270% operating deficit.

Mission

Woodbridge Arts Alliance WAA is a 501c3 organization dedicated to advocating, activating and animating Downtown Woodbridge and Avenel as hubs for the arts in the Township of Woodbridge.

Program Service Accomplishments

Program 1

Expenses: $1,025,812

OPENING OF THE AVENEL PERFORMING ARTS 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $9,020

Program Service Revenue $725,906

Investment Income $2,873

Other Revenue $-407,133

TOTAL REVENUE $330,666

Expense Breakdown

Grants Paid $0

Salaries & Benefits $467,220

Fundraising Expenses $0

Program Expenses $1,025,812

Other Expenses $755,447

TOTAL EXPENSES $1,222,667

Year-over-Year Comparison

	2024	2023	Change
Revenue	$330,666	$534,702	-0.4%
Expenses	$1,222,667	$1,270,739	0.0%
Net Income	$-892,001	$-736,037	+0.2%

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

N/A

Employees

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLINE EHRLICH	PRESIDENT	N/A	Director	$0	$0	$0
PETER VISCEGLIA	VICE PRESIDENT	N/A	Director	$0	$0	$0
JOHN HOGAN	TRUSTEE	N/A	Director	$0	$0	$0
PATRICK MULLER	TREASURER	005.00	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
2024	$330,666	$1,222,667	$249,620	$-892,001
2023	$16,274	$716,907	$257,177	$-700,633
2023	$534,702	$1,270,739	$214,653	$-736,037
2022	$471,887	$1,216,246	$92,283	$-744,359
2021	$510,933	$806,356	$234,518	$-295,423
2020	$162,473	$606,357	$168,809	$-443,884
2020	$508,083	$1,226,550	$244,093	$-718,467
2019	$322,137	$1,437,140	$111,899	$-1,115,003