FOLK ARTS CENTER OF NEW ENGLAND INC (EIN 510151827) - 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

1975

Legal Domicile

Principal Officer

Carl Lazarus

Phone

7814384387

Tax Period

2023-08-01 to 2024-07-31

FOLK ARTS CENTER OF NEW ENGLAND INC, founded in 1975, is a small nonprofit in the Arts, Culture & Humanities sector that reported $429K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $76K, a strong 18% operating margin.

Mission

to promote traditional folk dance and music

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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 $216,263

Program Service Revenue $198,256

Investment Income $9,358

Other Revenue $4,840

TOTAL REVENUE $428,717

Expense Breakdown

Grants Paid $0

Salaries & Benefits $143,397

Fundraising Expenses $19,689

Program Expenses $287,500

Other Expenses $209,005

TOTAL EXPENSES $352,402

Year-over-Year Comparison

	2023	2022	Change
Revenue	$428,717	$377,918	+0.1%
Expenses	$352,402	$379,625	-0.1%
Net Income	$76,315	$-1,707	-45.7%

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

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

Key Employees

$78,992

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marcie Van Cleave	Executive Director	40	Key Emp	$78,992	$0	$78,992
Carolyn Ramm	President	3	Officer Director	$0	$0	$0
James Madigan	Vice President	1	Officer Director	$0	$0	$0
Carl Lazarus	Treasurer	2	Officer Director	$0	$0	$0
Almas Dossa	Co-Secretary	1	Officer Director	$0	$0	$0
Barbara Merson	Director	1	Director	$0	$0	$0
David Salstein	Director	1	Director	$0	$0	$0
Ron Wilkinson	Director	1	Director	$0	$0	$0
Siu-Ching Lui	Director	1	Director	$0	$0	$0
Sue Rose	Director	1	Director	$0	$0	$0
Yaron Shragai	Director	1	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
2024	$428,717	$352,402	$364,995	$76,315
2023	$377,918	$379,625	$267,353	$-1,707
2022	$243,489	$257,367	$253,940	$-13,878
2021	$267,248	$228,390	$281,123	$38,858
2020	$298,229	$284,306	$225,626	$13,923
2019	$372,362	$369,117	$226,913	$3,245

FOLK ARTS CENTER OF NEW ENGLAND INC