ARTS CENTER ASSOCIATION INC (EIN 596163303) - 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

1964

Legal Domicile

Principal Officer

HOWAYDA AFFAN

Phone

7278227872

Tax Period

2023-07-01 to 2024-06-30

ARTS CENTER ASSOCIATION INC, founded in 1964, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.8M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $2.5M left a modest 9% surplus.

Mission

TO CONNECT PEOPLE WITH ART THROUGH INNOVATIVE, COMMUNITY-ORIENTED ART AND ART EDUCATION AND TO CONTRIBUTE TO THE ECONOMIC DEVELOPMENT OF THE REGION.

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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 $447,933

Program Service Revenue $1,734,659

Investment Income $118,082

Other Revenue $477,952

TOTAL REVENUE $2,778,626

Expense Breakdown

Grants Paid $0

Salaries & Benefits $964,193

Fundraising Expenses $61,060

Program Expenses $2,185,034

Other Expenses $1,568,353

TOTAL EXPENSES $2,532,546

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,778,626	$3,020,243	-0.1%
Expenses	$2,532,546	$2,449,736	+0.0%
Net Income	$246,080	$570,507	-0.6%

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

$212,537

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY M MANN	CHAIR	4.00	Officer Director	$0	$0	$0
RICHARD SEIDEL	VICE CHAIR	4.00	Officer Director	$0	$0	$0
SEAN GOODRICH	TREASURER	4.00	Officer Director	$0	$0	$0
MARTIE FAGAN	SECRETARY	4.00	Officer Director	$0	$0	$0
SUE CASTLEMAN	TRUSTEE	2.00	Director	$0	$0	$0
SARAH ELLISON	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM B HARVARD	TRUSTEE	2.00	Director	$0	$0	$0
JOHN PROCKOP	TRUSTEE	2.00	Director	$0	$0	$0
PAUL RENDLEMAN	TRUSTEE	2.00	Director	$0	$0	$0
KAREN RIFFE	TRUSTEE	2.00	Director	$0	$0	$0
BARBARA SANSONE	TRUSTEE	2.00	Director	$0	$0	$0
HOWAYDA AFFAN	EXECUTIVE DI	40.00	Officer	$123,830	$9,598	$133,428
ROGER ROSS	CFO	40.00	Officer	$70,498	$8,611	$79,109

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	No data	No data	No data	No data
2024	$2,778,626	$2,532,546	$16,855,101	$246,080
2023	$3,020,243	$2,449,736	$16,728,379	$570,507
2022	$4,345,570	$2,428,922	$13,513,737	$1,916,648
2021	$2,428,256	$2,249,445	$13,136,880	$178,811
2021	$2,650,783	$2,249,445	$13,427,399	$401,338
2020	$2,408,724	$2,645,611	$13,024,919	$-236,887
2020	$2,476,716	$2,645,611	$13,092,911	$-168,895
2019	$3,380,045	$2,806,515	$12,864,573	$573,530

ARTS CENTER ASSOCIATION INC