The Katharine Hepburn Cultural Art… - Form 990 Financial Data

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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

2007

Legal Domicile

Phone

8605100473

Tax Period

2024-07-01 to 2025-06-30

The Katharine Hepburn Cultural Arts Center Inc, founded in 2007, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.7M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $4.4M left a modest 7% surplus.

Mission

The Katharine Hepburn Cultural Arts Center exists to present a diverse repertoire of cultural and performing arts, to provide educational opportunities in the arts, and to be a lasting legacy for America's iconic actress.

Program Service Accomplishments

Program 1

Expenses: $3,534,668 Revenue: $2,942,351

Over 350 events were produced and offered to the general public. These events showcased the arts including local and regional theater, livestreams, concerts, dance, film, lectures, and other artistic...

Program 2

Expenses: $210,048 Revenue: $224,749

Use of facility space for local artists and other groups to stage performances open to the general public or for special events.

Program 3

Expenses: $131,394 Revenue: $151,995

Education

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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 $991,352

Program Service Revenue $3,375,745

Investment Income $188,353

Other Revenue $180,809

TOTAL REVENUE $4,736,259

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,289,864

Fundraising Expenses $170,740

Program Expenses $3,932,231

Other Expenses $3,110,584

TOTAL EXPENSES $4,400,448

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,736,259	$4,278,543	+0.1%
Expenses	$4,400,448	$4,112,376	+0.1%
Net Income	$335,811	$166,167	+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

210

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

$177,100

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brett Elliott	Executive Dir.	60.00	Officer	$177,100	$0	$177,100
Mike Maguire	Trustee	2.00	Director	$0	$0	$0
Christine Beirne	Trustee	2.00	Director	$0	$0	$0
Ann Nyberg	Vice President	6.00	Officer Director	$0	$0	$0
Wayne Harms	Treasurer	8.00	Officer Director	$0	$0	$0
Ann Bartosewicz-Mele	Secretary	6.00	Officer Director	$0	$0	$0
Joseph Drake	Trustee	2.00	Director	$0	$0	$0
Lincoln May	Trustee	2.00	Director	$0	$0	$0
Devin Carney	Trustee	2.00	Director	$0	$0	$0
Cosmo Corigliano	President	8.00	Officer Director	$0	$0	$0
Nichole Davison	Trustee	2.00	Director	$0	$0	$0
Lori Gagne Pendelton	Exec. Vice Pres	8.00	Officer Director	$0	$0	$0
Sandy Hart	Trustee	2.00	Director	$0	$0	$0
Michael Price	Trustee	2.00	Director	$0	$0	$0
Rich Scierka	Trustee	2.00	Director	$0	$0	$0
Joseph Smith	Trustee	2.00	Director	$0	$0	$0
Paul Tracey	Trustee	2.00	Director	$0	$0	$0
George Whelen IV	Trustee	2.00	Director	$0	$0	$0
Tara Winch	Trustee	2.00	Director	$0	$0	$0
Maureen Zavatone	Trustee	2.00	Director	$0	$0	$0
Lauren Peters	Trustee	2.00	Director	$0	$0	$0
Klarn DePalma	Trustee	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
2025	$4,736,259	$4,400,448	$5,013,261	$335,811
2024	$4,278,543	$4,112,376	$4,684,946	$166,167
2023	$3,382,431	$3,177,780	$4,487,065	$204,651
2022	$4,355,262	$2,947,579	$3,859,540	$1,407,683
2021	$1,148,758	$1,009,152	$2,567,635	$139,606
2020	$2,213,391	$2,076,189	$2,073,757	$137,202
2019	$2,301,592	$2,119,975	$1,991,427	$181,617
2018	$2,047,170	$1,725,077	$1,663,871	$322,093

The Katharine Hepburn Cultural Arts Center Inc