THE CARNEGIE VISUAL & PERFORMING A… - Form 990 Financial Data

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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

1987

Legal Domicile

Principal Officer

MATTHEW DISTEL

Phone

8594912030

Tax Period

2024-07-01 to 2025-06-30

THE CARNEGIE VISUAL & PERFORMING ARTS CENTER, founded in 1987, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2024. Net assets of $3.7M represent 26 months of operating reserves.

Mission

THE CARNEGIE WILL UTILIZE ITS HISTORIC BUILDING TO PROVIDE A VENUE FOR EMERGING AND ESTABLISHED ARTISTS TO CREATE, PERFORM AND EXHIBIT, PROVIDE EDUCATIONAL OPPORTUNITIES FOR THE DISCOVERY AND ENHANCEMENT OF CREATIVITY, AND CELEBRATE THE ARTS.

Program Service Accomplishments

Program 1

Expenses: $754,843 Revenue: $549,975

THE CARNEGIE'S HISTORICALLY RENOVATED OTTO M. BUDIG THEATRE CO-PRODUCES HIGH QUALITY PRODUCTIONS AS WELL AS OFFERING AN AFFORDABLE THEATRE SPACE FOR LOCAL HIGH SCHOOLS AND SMALLER PRODUCTION...

THE CARNEGIE'S HISTORICALLY RENOVATED OTTO M. BUDIG THEATRE CO-PRODUCES HIGH QUALITY PRODUCTIONS AS WELL AS OFFERING AN AFFORDABLE THEATRE SPACE FOR LOCAL HIGH SCHOOLS AND SMALLER PRODUCTION COMPANIES.

Program 2

Expenses: $395,066 Revenue: $247,737

THE CARNEGIE'S EDUCATION DEPARTMENT MAKES THE ARTS ACCESSIBLE TO THE WIDEST POSSIBLE AUDIENCE BY PROVIDING PROGRAMMING FOR CHILDREN AGES 7 TO 14. PROGRAMMING IS PROVIDED TO PARTICIPANTS FOR A NOMINAL FEE IN REFLECTION OF THE CARNEGIE'S MISSION OF PROVIDING OPPORTUNITIES FOR THE DISCOVERY AND ENHANCEMENT OF CREATIVITY THROUGH THE ARTS.

Program 3

Expenses: $288,308 Revenue: $62,864

REFLECTIVE OF THE CARNEGIE'S MISSION TO PROVIDE A VENUE FOR EMERGING AND ESTABLISHED ARTISTS, THE CARNEGIE GALLERIES ANNUALLY FEATURE MORE THAN 100 ARTISTS IN 5-6 EXHIBITIONS.

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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 $681,736

Program Service Revenue $860,576

Investment Income $36,009

Other Revenue $165,234

TOTAL REVENUE $1,743,555

Expense Breakdown

Grants Paid $0

Salaries & Benefits $576,035

Fundraising Expenses $73,861

Program Expenses $1,438,217

Other Expenses $1,158,312

TOTAL EXPENSES $1,734,347

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,743,555	$1,692,276	+0.0%
Expenses	$1,734,347	$1,645,882	+0.1%
Net Income	$9,208	$46,394	-0.8%

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

N/A

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

$76,846

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHIP FINKE	PRESIDENT-EMERITUS	0.50	Officer Director	$0	$0	$0
YEMI OYEDIRAN	BOARD MEMBER	0.50	Director	$0	$0	$0
LYDIA CAYLOR	BOARD MEMBER	0.50	Director	$0	$0	$0
KAREEM SIMPSON	BOARD MEMBER	0.50	Director	$0	$0	$0
MATT GODSTED	PRESIDENT	0.50	Officer Director	$0	$0	$0
MICHAEL INGALLS	TREASURER	0.50	Officer Director	$0	$0	$0
MOLLY WHEELER	SECRETARY	0.50	Officer Director	$0	$0	$0
MICHAEL COPPAGE	BOARD MEMBER	0.50	Director	$0	$0	$0
CATHY STICKELS	BOARD MEMBER	0.50	Director	$0	$0	$0
JEREMY SCHRAND	BOARD MEMBER	0.50	Director	$0	$0	$0
JAMIE MARKLE	BOARD MEMBER	0.50	Director	$0	$0	$0
RON PADDGETT	BOARD MEMBER	0.50	Director	$0	$0	$0
NANDITA SHETH	BOARD MEMBER	0.50	Director	$0	$0	$0
MARY STONE	BOARD MEMBER	0.50	Director	$0	$0	$0
REBECCA DESCH	BOARD MEMBER	0.50	Director	$0	$0	$0
MATT DISTEL	EXECUTIVE DIRECTOR	40.00	Director	$76,846	$0	$76,846
HEATHER ACKLES	VICE PRESIDENT	0.50	Officer Director	$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	$1,743,555	$1,734,347	$3,847,986	$9,208
2024	$1,692,276	$1,645,882	$3,719,327	$46,394
2023	$1,347,733	$1,390,079	$3,580,085	$-42,346
2022	$1,470,526	$1,270,885	$3,558,181	$199,641
2021	$1,815,172	$974,767	$3,537,518	$840,405
2020	$1,874,064	$1,278,571	$2,641,769	$595,493
2019	$1,158,290	$1,308,001	$1,929,037	$-149,711
2018	$1,042,567	$1,240,358	$2,046,675	$-197,791

THE CARNEGIE VISUAL & PERFORMING ARTS CENTER