BELLEFONTE ART MUSEUM FOR CENTRE COUNTY (EIN 462977395) - 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

1999

Legal Domicile

Principal Officer

LORI FISHER

Phone

8143554280

Tax Period

2023-01-01 to 2023-12-31

BELLEFONTE ART MUSEUM FOR CENTRE COUNTY, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $165K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $245K exceeded revenue, resulting in a 48% operating deficit.

Mission

TO PROMOTE THE VISUAL ARTS, STIMULATE CURIOSITY, IMAGINATION AND CREATIVITY, AND TO PROMOTE LIVELY AND THOUGHTFUL PARTICIPATION.THE MUSEUM FOCUSES ON THE WORKS OF LOCAL ARTISTS, CULTURAL ART AND LOCAL COLLECTIONS.

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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 $154,139

Program Service Revenue $0

Investment Income $53

Other Revenue $11,097

TOTAL REVENUE $165,289

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,265

Fundraising Expenses $15,064

Program Expenses $140,163

Other Expenses $144,080

TOTAL EXPENSES $245,409

Year-over-Year Comparison

	2023	2022	Change
Revenue	$165,289	$129,209	+0.3%
Expenses	$245,409	$181,683	+0.4%
Net Income	$-80,120	$-52,474	+0.5%

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

Total Directors

$56,308

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA HOUSE	PRESIDENT	15.00	Officer	$0	$0	$0
JOHN MCCARTHY	VICE PRESIDENT	3.00	Officer	$0	$0	$0
JOHN BAKER	TRUSTEE AT LARGE	5.00	Officer	$0	$0	$0
JOHN SWISHER	TRUSTEE AT LARGE	5.00	Officer	$0	$0	$0
CARLA ROSER-JONES	TRUSTEE AT LARGE	5.00	Officer	$0	$0	$0
LORI FISHER	DIRECTOR	40.00	Director	$56,308	$0	$56,308

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	$165,289	$245,409	$265,622	$-80,120
2022	$129,209	$181,683	$344,646	$-52,474
2021	$273,573	$168,816	$397,005	$104,757
2020	$175,636	$131,514	$181,246	$44,122
2019	$112,889	$183,048	$187,478	$-70,159
2018	$285,282	$179,694	$257,148	$105,588

BELLEFONTE ART MUSEUM FOR CENTRE COUNTY