CULTURETRUST GREATER PHILADELPHIA

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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

MELINDA STEFFY

Phone

2678753312

Tax Period

2024-07-01 to 2025-06-30

CULTURETRUST GREATER PHILADELPHIA, founded in 2013, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.6M in total revenue in fiscal year 2024.

Mission

CULTURETRUST'S MISSION IS TO PROVIDE A CHARITABLE HOME AND SHARED MANAGEMENT RESOURCES FOR FISCALLY SPONSORED PROJECTS IN THE ARTS, CULTURE, HERITAGE AND SOCIAL IMPACT SECTORS.

Program Service Accomplishments

Program 1

Expenses: $6,093,637 Revenue: $725,471

FISCAL SPONSORSHIP: CULTURETRUST (THE "TRUST") IS AN INDEPENDENT CHARITABLE TRUST MANAGED BY CULTUREWORKS GREATER PHILADELPHIA. IN FY25, THE TRUST SERVED AS THE LEGAL, FINANCIAL, AND ADMINISTRATIVE HOME FOR 99 FISCALLY SPONSORED PROJECTS ACROSS THE ARTS, CULTURE, HERITAGE, AND SOCIAL IMPACT SECTORS. PROJECTS SHARE THE TRUST'S NONPROFIT STATUS AND RECEIVE MANAGEMENT RESOURCES AND BACK-OFFICE SUPPORT FROM CULTUREWORKS, THE TRUST ADMINISTRATOR, WHICH ALLOWS PROJECTS TO INCREASE OPERATIONAL EFFICIENCY IN SUPPORT OF THEIR OWN MISSIONS. THE TRUST DOES NOT RUN ITS OWN PROGRAMMING; ALL REVENUES AND EXPENSES ARE RELATED TO THE ACTIVITIES OF FISCALLY SPONSORED PROJECTS THEMSELVES. THE TRUST AND TRUST ADMINISTRATOR STEWARD PROJECT FUNDS AND ENSURE COMPLIANCE WITH CHARITABLE GUIDELINES.

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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 $5,849,511

Program Service Revenue $725,471

Investment Income $0

Other Revenue $69,030

TOTAL REVENUE $6,644,012

Expense Breakdown

Grants Paid $1,344,971

Salaries & Benefits $3,679,513

Fundraising Expenses $54,066

Program Expenses $6,093,637

Other Expenses $1,841,012

TOTAL EXPENSES $6,919,562

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,644,012	$6,296,310	+0.1%
Expenses	$6,919,562	$6,305,920	+0.1%
Net Income	$-275,550	$-9,610	+27.7%

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

179

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

$282,061

Total Directors

$133,760

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELINDA STEFFY	CO-EXECUTIVE DIRECTOR	20.00	Officer	$0	$8,742	$110,771
ARIEL SHELTON	CO-EXECUTIVE DIRECTOR	8.00	Officer	$0	$8,061	$109,290
TAILINH AGOYO	DIRECTOR (UNTIL JULY 2024)	40.00	Director	$71,760	$0	$71,760
MARANGELI MEJIA-RABELL	CO-CHAIR	20.00	Officer Director	$56,000	$0	$56,000
JOEY LEROUX	SECRETARY	10.00	Officer Director	$6,000	$0	$6,000
MICHELE WALLS	CO-CHAIR	1.00	Officer Director	$0	$0	$0
MARK COMEROTA	TREASURER	1.00	Officer Director	$0	$0	$0
DAWN FRISBY-BYERS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERTA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
THERESA JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
KAROL MASON	DIRECTOR	1.00	Director	$0	$0	$0
ANNIE CHIU-MCCABE	DIRECTOR	1.00	Director	$0	$0	$0
KEN METZNER	DIRECTOR	1.00	Director	$0	$0	$0
CARALYN SPECTOR	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY DOLAN	DIRECTOR (BEGAN OCT. 2024)	1.00	Director	$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
2025	$6,644,012	$6,919,562	$4,878,897	$-275,550
2024	No data	No data	No data	No data
2023	$6,621,751	$5,510,083	$4,846,059	$1,111,668
2023	$6,621,751	$5,510,083	$4,846,059	$1,111,668
2022	$4,320,845	$7,368,134	$4,021,484	$-3,047,289
2021	$9,431,681	$4,422,061	$7,739,298	$5,009,620
2020	$5,382,892	$3,874,908	$3,050,887	$1,507,984
2019	$3,207,216	$3,710,999	$1,426,147	$-503,783
2018	$3,284,750	$3,302,180	$1,961,623	$-17,430