THE ARMORY ART CENTER INC (EIN 592808612) - 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

1986

Legal Domicile

Principal Officer

STEVE TANNENBAUM

Phone

5618321776

Tax Period

2024-07-01 to 2025-06-30

THE ARMORY ART CENTER INC, founded in 1986, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

THE MISSION OF THE ARMORY ART CENTER IS TO PROVIDE ART EDUCATION TO INSPIRE THE CREATION AND EXPERIENCE OF ART IN THE COMMUNITIES.

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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 $993,249

Program Service Revenue $1,028,122

Investment Income $0

Other Revenue $181,374

TOTAL REVENUE $2,202,745

Expense Breakdown

Grants Paid $0

Salaries & Benefits $551,583

Fundraising Expenses $59,955

Program Expenses $1,539,884

Other Expenses $1,660,615

TOTAL EXPENSES $2,212,198

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,202,745	$2,369,718	-0.1%
Expenses	$2,212,198	$2,345,441	-0.1%
Net Income	$-9,453	$24,277	-1.4%

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

$109,560

Total Directors

$109,560

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JILL BROWN	CEO	40.00	Officer Director	$109,560	$0	$109,560
KARIN WAGGONER	Director	0.50	Director	$0	$0	$0
ROBERT WECHSLER	Director	0.50	Director	$0	$0	$0
DAVID VESELSKY	Director	0.50	Director	$0	$0	$0
NANCY LAMBREACHT	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
ANN BROWN	Director	0.50	Officer Director	$0	$0	$0
LINDA SILPE	VICE CHAIR	0.50	Director	$0	$0	$0
STEPHEN VOGEL	Director	0.50	Director	$0	$0	$0
RUTH BAUM	Director	0.50	Director	$0	$0	$0
LYNN FELD	Director	0.50	Director	$0	$0	$0
ALISON FIAL GREENE	Director	0.50	Director	$0	$0	$0
JEANMARIE WHALEN	Director	0.50	Director	$0	$0	$0
CARLOS MORRISON	Director	0.50	Director	$0	$0	$0
HELICE CARRIS-BERNSTEIN	Director	0.50	Director	$0	$0	$0
JANET SCHUR	Director	0.05	Director	$0	$0	$0
PATRICIA LEONARD	Director	0.50	Director	$0	$0	$0
KELLY LUCHINI	Director	0.50	Director	$0	$0	$0
TAMI WATKINS	Secretary	0.50	Director	$0	$0	$0
STEVE TANNENBAUM	Treasurer	15.00	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	$2,202,745	$2,212,198	$4,149,320	$-9,453
2024	$2,369,718	$2,345,441	$4,176,098	$24,277
2023	$2,704,299	$2,529,468	$4,543,548	$174,831
2023	$2,704,299	$2,716,468	$4,168,548	$-12,169
2022	$1,979,462	$2,537,031	$4,224,650	$-557,569
2021	$1,654,079	$1,548,747	$3,639,952	$105,332
2021	$2,084,067	$2,067,161	$4,340,445	$16,906
2020	$2,460,529	$2,512,294	$3,718,263	$-51,765
2020	$1,709,275	$1,936,444	$3,734,274	$-227,169
2019	$1,582,788	$1,751,231	$3,847,162	$-168,443
2018	$1,534,359	$1,689,442	$3,872,904	$-155,083

THE ARMORY ART CENTER INC