HOPEWELL VALLEY ARTS COUNCIL INC (EIN 462693345) - 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

2013

Legal Domicile

Principal Officer

CAROL A LIPSON

Phone

6092815887

Tax Period

2024-01-01 to 2024-12-31

HOPEWELL VALLEY ARTS COUNCIL INC, founded in 2013, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $97K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $156K exceeded revenue, resulting in a 60% operating deficit.

Mission

CELEBRATE AND PROMOTE ART IN THE EVERYDAY, THEREBY NURTURING A VIBRANT, CREATIVE AND INVOLVED COMMUNITY. BY BROADLY DEFINING THE ARTS, THE COUNCIL'S GOAL IS TO CULTIVATE CREATIVE EXPLORATION AND AWARENESS THROUGH A VARIETY OF EVENTS AND ACTIVITIES THAT ENCOURAGE PARTICIPATION, APPRECIATION AND ARTISTIC VISION.

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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 $44,323

Program Service Revenue $52,667

Investment Income $201

Other Revenue $0

TOTAL REVENUE $97,191

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,205

Fundraising Expenses $5,001

Program Expenses $121,720

Other Expenses $73,624

TOTAL EXPENSES $155,829

Year-over-Year Comparison

	2024	2023	Change
Revenue	$97,191	$160,031	-0.4%
Expenses	$155,829	$149,896	+0.0%
Net Income	$-58,638	$10,135	-6.8%

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

$31,797

Total Directors

$32,397

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE NEEDHAM	PRESIDENT	4.00	Officer Director	$0	$0	$0
DENNIS HAGEN	TRUSTEE	2.00	Director	$600	$0	$600
SUSIE HENKEL	TRUSTEE	2.00	Director	$0	$0	$0
ERWIN HARBAT	TRUSTEE	2.00	Director	$0	$0	$0
STEVE WEBB	TRUSTEE	2.00	Director	$0	$0	$0
GRANT PETERSON	TRUSTEE	2.00	Director	$0	$0	$0
LYNN DECLEMENTE LASAVIO	TRUSTEE	2.00	Director	$0	$0	$0
CAROL A LIPSON	EXECUTIVE DIRECTOR	40.00	Officer Director	$31,797	$0	$31,797

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	$97,191	$155,829	$9,613	$-58,638
2020	$101,662	$121,311	$28,953	$-19,649
2019	$44,731	$46,282	$27,965	$-1,551
2018	$20,574	$65,412	$28,910	$-44,838

HOPEWELL VALLEY ARTS COUNCIL INC