DARIEN ARTS CENTER INC (EIN 510180482) - 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

GEORGE COLABELLA

Phone

2036558683

Tax Period

2023-08-01 to 2024-07-31

DARIEN ARTS CENTER INC, founded in 1975, is a small nonprofit in the Arts, Culture & Humanities sector that reported $810K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

DARIEN ARTS CENTER IS A NON-PROFIT ORGANIZATION DEDICATED TO EDUCATING, PROMOTING AND PROVIDING MEANS OF ARTISTIC EXPRESSION AND APPRECIATION IN DANCE, MUSIC, VISUAL ARTS AND THEATER FOR PEOPLE OF ALL AGES.

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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 $63,458

Program Service Revenue $707,770

Investment Income $38,392

Other Revenue $0

TOTAL REVENUE $809,620

Expense Breakdown

Grants Paid $0

Salaries & Benefits $475,507

Fundraising Expenses $25,106

Program Expenses $771,845

Other Expenses $333,871

TOTAL EXPENSES $809,378

Year-over-Year Comparison

	2023	2022	Change
Revenue	$809,620	$898,821	-0.1%
Expenses	$809,378	$732,353	+0.1%
Net Income	$242	$166,468	-1.0%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN CAVOLO	PRESIDENT/SECRETARY	2.00	Officer Director	$0	$0	$0
LISA ALBANO	DIRECTOR	2.00	Director	$0	$0	$0
KELLY ANDERSON	TREASURER	2.00	Officer Director	$0	$0	$0
CHIRSTINA BOUDO	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MARGARET DELUCA	DIRECTOR	2.00	Director	$0	$0	$0
PAMELA GARRITY	DIRECTOR	2.00	Director	$0	$0	$0
MARY NEVIN GAUTHIER	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL KUNETZ	DIRECTOR	2.00	Director	$0	$0	$0
DONNA MCLAUGHLIN WYANT	DIRECTOR	2.00	Director	$0	$0	$0
WINNIE NORMAN	DIRECTOR	2.00	Director	$0	$0	$0
GAIL SAMUEL	DIRECTOR	2.00	Director	$0	$0	$0
ALYSON STURM	DIRECTOR	2.00	Director	$0	$0	$0
CHRYSULA WINEGAR	DIRECTOR	2.00	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
2024	$809,620	$809,378	$1,273,924	$242
2023	$898,821	$749,720	$1,278,774	$149,101
2022	$782,520	$684,737	$1,160,295	$97,783
2021	$720,265	$589,578	$1,062,262	$130,687
2020	$712,478	$706,627	$761,238	$5,851
2019	$655,889	$764,075	$794,998	$-108,186
2018	$652,928	$709,053	$855,935	$-56,125

DARIEN ARTS CENTER INC