THE CARNEGIE VISUAL & PERFORMING ARTS CENTER

EIN: 610897319 501(c)(3) Arts, Culture & Humanities

COVINGTON, KY

Total Revenue
$1,743,555
Total Expenses
$1,734,347
Total Assets
$3,847,986
Net Assets
$3,715,859
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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
KY
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

TO PROVIDE EVENTS, THEATRE PRODUCTIONS, EDUCATIONAL PROGRAMS, AND EXHIBITIONS TO THE NORTHERN KENTUCKY AND GREATER CINCINNATI 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%)

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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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Governance

Voting Members
17
Independent Members
17
Employees
16
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
5
$0
Total Directors
17
$76,846
Key Employees
0
$0
Highest Compensated
0
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
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