CENTER FOR THE ARTS OF HOMER INC (EIN 542098298) - 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

2002

Legal Domicile

Phone

6077494900

Tax Period

2023-01-01 to 2023-12-31

CENTER FOR THE ARTS OF HOMER INC, founded in 2002, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023. Expenses of $1.5M left a modest 4% surplus.

Mission

PROVIDING CULTURAL AND EDUCATIONAL PROGRAMS TO THE HOMER, NEW YORK COMMUNITY. TO ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE OF THE CENTRAL NEW YORK COMMUNITY THAT PRESERVES AND ENRICHES LOCAL CULTURE AND PROVIDES STEWARDSHIP FOR A HISTORICALLY SIGNIFICANT SITE.

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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 $486,639

Program Service Revenue $1,080,868

Investment Income $564

Other Revenue $903

TOTAL REVENUE $1,568,974

Expense Breakdown

Grants Paid $0

Salaries & Benefits $306,093

Fundraising Expenses $8,267

Program Expenses $1,068,080

Other Expenses $1,203,631

TOTAL EXPENSES $1,509,724

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,568,974	$1,502,476	+0.0%
Expenses	$1,509,724	$1,091,864	+0.4%
Net Income	$59,250	$410,612	-0.9%

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

$51,214

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ty Marshall Pitoniak	Executive Dir.	40.00	Officer	$51,214	$0	$51,214
Kim Allen	Director	1.00	Director	$0	$0	$0
Patrick Fitzgerald	President	1.00	Officer Director	$0	$0	$0
Liz Arnold	Director	1.00	Director	$0	$0	$0
Clinton Brooks	Vice Chairman	1.00	Officer Director	$0	$0	$0
Francis Casullo	Director	1.00	Director	$0	$0	$0
Amy Buggs	Director	1.00	Director	$0	$0	$0
William Schell	Director	1.00	Director	$0	$0	$0
Andrew Young	Director	1.00	Director	$0	$0	$0
Stephanie Koslowski	Director	1.00	Director	$0	$0	$0
Daniel Merritt	Secretary	1.00	Officer Director	$0	$0	$0
Ronald Walsh	Director	1.00	Director	$0	$0	$0
Jean Wittman	Director	1.00	Director	$0	$0	$0
Dianne Higgins	Treasurer	1.00	Officer 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	No data	No data	No data	No data
2023	$1,568,974	$1,509,724	$1,697,630	$59,250
2022	$1,502,476	$1,091,864	$1,261,884	$410,612
2021	$976,847	$777,102	$1,209,961	$199,745
2020	$491,653	$451,352	$680,315	$40,301
2019	$957,977	$901,610	$632,593	$56,367
2018	$664,152	$605,379	$603,347	$58,773

CENTER FOR THE ARTS OF HOMER INC