CARNEGIE HALL INC

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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

1983

Legal Domicile

Principal Officer

CATHERINE RENNARD

Phone

3046457917

Tax Period

2024-07-01 to 2025-06-30

CARNEGIE HALL INC, founded in 1983, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 10% surplus.

Mission

IN PARTNERSHIP WITH THE COMMUNITY, CARNEGIE HALL, INC'S (THE HALL'S) MISSION IS TO PRESENT AND PROMOTE QUALITY ARTISTIC PERFORMANCES AND EXHIBITIONS; EDUCATE THE COMMUNITY IN AND ABOUT THE ARTS; AND ENCOURAGE ACTIVE COMMUNITY PARTICIPATION TO APPEAL TO A BROAD AUDIENCE WHILE PRESERVING THE HISTORIC SIGNIFICANCE OF THE PHYSICAL FACILITY.

Program Service Accomplishments

Program 1

Expenses: $457,527 Revenue: $194,690

IN ACCORDANCE WITH THE STATED MISSION, CARNEGIE HALL, INC. PRESENTS CONCERTS, PERFORMANCES, EXHIBITS, AND CLASSES TO ENCOURAGE ACTIVECOMMUNITY PARTICIPATION IN THE ARTS. BY EXPOSING THE COMMUNITY TO VARIOUS PERFORMING ARTISTS, PAINTERS, SCULPTORS, AND TALENTS, COMMUNITY APPRECIATION OF THE ARTS IS ENHANCED.

Program 2

Expenses: $543,039 Revenue: $136,805

CARNEGIE HALL, INC. PROVIDES A VENUE FOR THE ENHANCEMENT OF CULTURAL PROGRAMS IN CONJUNCTION WITH LOCAL EDUCATION SYSTEMS. THROUGHCLASSES, TOURS, AND EXHIBITS, THE ORGANIZATION PROVIDES EDUCATIONAL OPPORTUNITIES TO THOUSANDS OF CHILDREN AND YOUTH WHO MAY NOTOTHERWISE HAVE THE OPPORTUNITY TO LEARN ABOUT THE ARTS.

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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 $973,104

Program Service Revenue $331,495

Investment Income $73,129

Other Revenue $18,851

TOTAL REVENUE $1,396,579

Expense Breakdown

Grants Paid $0

Salaries & Benefits $605,443

Fundraising Expenses $133,196

Program Expenses $1,000,566

Other Expenses $650,544

TOTAL EXPENSES $1,255,987

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,396,579	$1,052,684	+0.3%
Expenses	$1,255,987	$1,199,162	+0.0%
Net Income	$140,592	$-146,478	-2.0%

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

187

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

$151,981

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON ROWE	CHAIR	1.00	Officer Director	$0	$0	$0
RON MAGRUDER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JILL MCINTYRE	TREASURER	1.00	Officer Director	$0	$0	$0
SUZANNE CRONQUIST	SECRETARY	1.00	Director	$0	$0	$0
BILL CLAPHAM	DIRECTOR	1.00	Director	$0	$0	$0
GRADY R FORD	DIRECTOR	1.00	Director	$0	$0	$0
EVAN GLOVER	DIRECTOR	1.00	Director	$0	$0	$0
BIRCH GRAVES	DIRECTOR	1.00	Director	$0	$0	$0
NATHALIE OATES HOLLAND	DIRECTOR	1.00	Director	$0	$0	$0
PAULA JANIGA	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH DITSY KEIGHTLEY	DIRECTOR	1.00	Director	$0	$0	$0
JACQUE MINARIK	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER ORR	DIRECTOR	1.00	Director	$0	$0	$0
CARL PERRIN	DIRECTOR	1.00	Director	$0	$0	$0
MARY CATHERINE TUCKWILLER	DIRECTOR	1.00	Director	$0	$0	$0
TOM WHITE	EX OFFICIO	1.00	Director	$0	$0	$0
CATHY RENNARD	PRESIDENT/CEO	40.00	Officer	$77,108	$15,744	$92,852
JILL MCCLUNG	FINANCE OFFICER	40.00	Officer	$45,100	$14,029	$59,129

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	$1,396,579	$1,255,987	$2,832,388	$140,592
2024	$1,052,684	$1,199,162	$2,813,960	$-146,478
2023	$1,070,697	$1,053,541	$2,898,982	$17,156
2022	$952,527	$990,660	$2,693,813	$-38,133
2021	$816,000	$660,192	$2,770,077	$155,808
2020	$1,203,855	$968,537	$2,719,360	$235,318
2019	$1,134,431	$1,038,830	$2,340,890	$95,601