ATLANTIC CENTER FOR THE ARTS INC (EIN 591998321) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

JENNIFER COOLIDGE

Phone

3864276975

Tax Period

2023-01-01 to 2023-12-31

ATLANTIC CENTER FOR THE ARTS INC, founded in 1982, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 69% operating deficit.

Mission

TO PROVIDE AND PROMOTE ART AND HUMANITIES IN ALL THEIR FORMS, INCLUDING THE VISUAL AND PERFORMING ARTS AND CULTURAL EDUCATION THROUGH INSTRUCTION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $724,826

Program Service Revenue $264,641

Investment Income $35,970

Other Revenue $26,160

TOTAL REVENUE $1,051,597

Expense Breakdown

Grants Paid $0

Salaries & Benefits $712,527

Fundraising Expenses $197,399

Program Expenses $1,046,232

Other Expenses $1,064,488

TOTAL EXPENSES $1,777,015

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,051,597	$1,413,133	-0.3%
Expenses	$1,777,015	$1,610,378	+0.1%
Net Income	$-725,418	$-197,245	+2.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

125

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
MATTHEW AHEARN	DIRECTOR	1.00	Director	$0	$0	$0
JO SINCLAIR	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MOORE	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN IGOU	DIRECTOR	1.00	Director	$0	$0	$0
COREY BROWN	2ND CHAIR	1.00	Officer Director	$0	$0	$0
MARK BECKWITH	DIRECTOR	1.00	Director	$0	$0	$0
DOUG MCGINNIS	DIRECTOR	1.00	Director	$0	$0	$0
MARGERY PABST STEINMETZ	DIRECTOR	1.00	Director	$0	$0	$0
GERALD PENDERGAST	DIRECTOR	1.00	Director	$0	$0	$0
DR HIRAM POWELL	DIRECTOR	1.00	Director	$0	$0	$0
ANN MARTORANO	DIRECTOR	1.00	Director	$0	$0	$0
DR FRED RAFFA	DIRECTOR	1.00	Director	$0	$0	$0
ROY HESTER	DIRECTOR	1.00	Director	$0	$0	$0
ABBIE TEAGUE	CHAIR	1.00	Officer Director	$0	$0	$0
RUSSELL NORTH	1ST VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN JERONIMO	SECRETARY	1.00	Officer Director	$0	$0	$0
IVAN CASTRO MD	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN HARAN	DIRECTOR	1.00	Director	$0	$0	$0
RON DAVOLI	TREASURER	1.00	Officer Director	$0	$0	$0
NANCY TALLENT	DIRECTOR	1.00	Director	$0	$0	$0
DAVID KOSMAS	DIRECTOR	1.00	Director	$0	$0	$0
NANCY LOWDEN NORMAN	FORMER EXECUTIVE DIRECTOR	40.00		$113,000	$12,665	$125,665

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	$1,051,597	$1,777,015	$7,710,379	$-725,418
2022	$1,413,133	$1,610,378	$8,028,587	$-197,245
2021	$1,435,655	$1,433,605	$8,927,576	$2,050
2020	$1,082,383	$1,181,898	$8,568,119	$-99,515
2019	$1,176,130	$1,305,563	$8,499,611	$-129,433
2018	$2,272,394	$1,305,944	$8,260,209	$966,450

ATLANTIC CENTER FOR THE ARTS INC