CITY COLLEGE CENTER FOR THE ARTS INC (EIN 464156679) - 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

GREGORY SHANCK

Phone

2126506900

Tax Period

2023-07-01 to 2024-06-30

CITY COLLEGE CENTER FOR THE ARTS INC, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $167K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $230K exceeded revenue, resulting in a 37% operating deficit.

Mission

THE CITY COLLEGE CENTER FOR THE ARTS, INC. IS FORMED EXCLUSIVELY FOR EDUCATIONAL AND CULTURAL PURPOSES TO SUPPORT AND ADVANCE THE MISSION OF THE CITY COLLEGE OF NEW YORK (THE COLLEGE). PROVIDING QUALITY ARTS PROGRAMMING AT REASONABLE COST TO THE GENERAL PUBLIC, IN PARTICULAR THE COMMUNITY OF UPPER MANHATTAN. THE CENTER ALSO PARTNERS WITH THE COLLEGE IN PROVIDING SPECIAL PROGRAMS AND CULTURAL OPPORTUNITIES FOR THE COLLEGE STUDENTS.

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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 $60,540

Program Service Revenue $106,860

Investment Income $0

Other Revenue $0

TOTAL REVENUE $167,400

Expense Breakdown

Grants Paid $33,844

Salaries & Benefits $77,241

Fundraising Expenses $0

Program Expenses $221,724

Other Expenses $118,896

TOTAL EXPENSES $229,981

Year-over-Year Comparison

	2023	2022	Change
Revenue	$167,400	$137,827	+0.2%
Expenses	$229,981	$152,154	+0.5%
Net Income	$-62,581	$-14,327	+3.4%

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

N/A

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

$908,634

Total Directors

$695,550

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNETTE DUNBAR	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
PHILIP HARVEY	DIRECTOR	1.00	Director	$0	$0	$0
IRENE GANDY	DIRECTOR	1.00	Director	$0	$0	$0
KHALIL KAIN	DIRECTOR	1.00	Director	$0	$0	$0
KAREN WITHERSPOON	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN C BYRD	DIRECTOR	1.00	Director	$0	$0	$0
CAL HUNTER	DIRECTOR	1.00	Director	$0	$0	$0
KIM WALES	DIRECTOR	1.00	Director	$0	$0	$0
LILLIAS WHITE	DIRECTOR	1.00	Director	$0	$0	$0
FELIX LAM	TREASURER (TO AUG 2023)	1.00	Officer Director	$0	$94,231	$278,997
TASHA GARCIA	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ALICIA QUARLES	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT GURBA	TREASURER	1.00	Officer Director	$0	$140,690	$416,553
GREGORY SHANCK	MANAGING DIRECTOR	35.00	Officer	$0	$71,969	$213,084

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	No data	No data	No data	No data
2024	$167,400	$229,981	$78,617	$-62,581
2023	$137,827	$152,154	$133,399	$-14,327
2022	$288,511	$179,042	$148,529	$109,469
2021	$10,100	$43,540	$37,857	$-33,440
2020	$184,281	$173,104	$80,897	$11,177
2019	$364,100	$355,803	$106,077	$8,297
2018	$408,249	$383,249	$100,060	$25,000

CITY COLLEGE CENTER FOR THE ARTS INC