HAVRE DE GRACE ARTS COLLECTIVE INC (EIN 542099398) - 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

2017

Legal Domicile

Principal Officer

Jamie Bennett

Phone

4435261118

Tax Period

2024-07-01 to 2025-06-30

HAVRE DE GRACE ARTS COLLECTIVE INC, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $264K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $313K exceeded revenue, resulting in a 19% operating deficit.

Mission

To build community and stimulate economic vitality through the arts by providing quality entertainment that engages and attracts audiences, offering educational opportunities which nurture creativity and encouraging synergism among performing cultural and visual arts groups.

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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 $124,678

Program Service Revenue $136,183

Investment Income $0

Other Revenue $2,907

TOTAL REVENUE $263,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,639

Fundraising Expenses $0

Program Expenses $191,312

Other Expenses $191,312

TOTAL EXPENSES $312,951

Year-over-Year Comparison

	2024	2023	Change
Revenue	$263,768	$368,009	-0.3%
Expenses	$312,951	$391,220	-0.2%
Net Income	$-49,183	$-23,211	+1.1%

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

$87,898

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Haley Irene Miller Strong	Executive Director	40	Key Emp Highest	$60,000	$0	$60,000
Alexa Hauck	Director of Operations	30	Key Emp	$27,898	$0	$27,898
Kate Darwent	Director	5	Director	$0	$0	$0
Angelo Bianco	Director	5	Director	$0	$0	$0
Laura Kozak	President	10	Officer	$0	$0	$0
Jamie Bennett	Treasurer	10	Officer	$0	$0	$0
Kathryn E Noe	Secretary	5	Officer	$0	$0	$0
Lauri Orzewicz	Director	5	Officer	$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	$263,768	$312,951	$59,603	$-49,183
2024	$368,009	$391,220	$64,800	$-23,211
2023	$444,121	$391,751	$87,165	$52,370
2022	$394,016	$426,961	$63,194	$-32,945
2021	$321,557	$276,593	$80,976	$44,964

HAVRE DE GRACE ARTS COLLECTIVE INC