TORRINGTON, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FIVE POINTS CENTER FOR THE VISUAL ARTS INC, founded in 2012, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $571K, a strong 38% operating margin.
Five Points Arts' mission is to champion and nurture artists at all stages of their careers and to empower a diverse community through the presentation of inspiring exhibitions and educational initiatives.
Five Points Arts finalized the purchase of the former University of Connecticut Torrington campus on June 30, 2020. The 30,000 sq. ft. building and surrounding 90 acres has been transformed into the...
Five Points Arts finalized the purchase of the former University of Connecticut Torrington campus on June 30, 2020. The 30,000 sq. ft. building and surrounding 90 acres has been transformed into the Five Points Art Center. The center is designed as a dynamic, vibrant, cross disciplinary laboratory where artists explore new techniques and concept, learn from one another and engage the community through workshops, seminars, lectures, and outdoor interactive experiences.In conjunction with the Five Points' galleries and launchpad initiatives in downtown Torrington the Art Center will exponentially further the positive impact of the arts in our region and extend the understanding of the visual arts as a vehicle for positive social, community, cultural and economic change.
The Five Points Launchpad supports emerging artists by providing affordable shared studio spaces above Five Points Gallery. In addition to workspace, the initiative offers a mentorship program, a...
The Five Points Launchpad supports emerging artists by providing affordable shared studio spaces above Five Points Gallery. In addition to workspace, the initiative offers a mentorship program, a serious arts community, gallery management experience and a Five Points Gallery exhibition opportunity.
The Five Points Annex, an expansion of the Five Points Launchpad program, is an affordable community pop-up gallery managed by the Launchpad artists.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,506,327 | $1,273,550 | +0.2% |
| Expenses | $935,147 | $775,793 | +0.2% |
| Net Income | $571,180 | $497,757 | +0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Judith McElhone | Executive Dir. | 40.00 |
Officer
Director
|
$51,218 | $0 | $51,218 |
| Ricardo J Reyes | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Joe Gitterman | Secretary | 1.00 |
Director
|
$0 | $0 | $0 |
| Mark Malaspina | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Anna Webersen | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Mark Cavagnero | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Lisa Coleman | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Eric Forstmann | President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Sally Van Doren | Vice President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Christopher Wilson | Treasurer | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,506,327 | $935,147 | $4,432,760 | $571,180 |
| 2023 | $1,273,550 | $775,793 | $3,789,614 | $497,757 |
| 2022 | $887,287 | $768,565 | $3,209,338 | $118,722 |
| 2021 | $2,686,800 | $499,345 | $3,387,072 | $2,187,455 |
| 2020 | $730,221 | $344,093 | $1,209,368 | $386,128 |
| 2019 | $426,915 | $197,183 | $525,886 | $229,732 |
| 2018 | $330,298 | $178,118 | $296,154 | $152,180 |
Compare FIVE POINTS CENTER FOR THE VISUAL ARTS INC with other nonprofits in Connecticut and across the country.