OLD SCHOOL SQUARE CENTER FOR THE ARTS INC (EIN 650032803) - 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

1988

Legal Domicile

Principal Officer

PATTY JONES

Phone

5612437922

Tax Period

2023-10-01 to 2024-09-30

OLD SCHOOL SQUARE CENTER FOR THE ARTS INC, founded in 1988, is a micro nonprofit that reported $19K in total revenue in fiscal year 2023. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $98K exceeded revenue, resulting in a 416% operating deficit.

Mission

OLD SCHOOL SQUARE'S MISSION IS TO BE THE COMMUNITY'S CULTURAL CENTER AND GATHERING PLACE FOR ENRICHING THE LIVES OF ALL PEOPLE BY PROVIDING A TOTAL ARTS EXPERIENCE THROUGH VISUAL AND PERFORMING ARTS, EDUCATION, AND ENTERTAINMENT, WHILE PRESERVING OUR NATIONAL HISTORIC SITE.

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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 $50

Program Service Revenue $11,338

Investment Income $3,260

Other Revenue $4,271

TOTAL REVENUE $18,919

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,169

Program Expenses $9,298

Other Expenses $97,640

TOTAL EXPENSES $97,640

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,919	$131,994	-0.9%
Expenses	$97,640	$140,476	-0.3%
Net Income	$-78,721	$-8,482	+8.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANCIS BOURQUE	FOUNDER	10.00	Director	$0	$0	$0
BILL BRANNING	DIRECTOR	10.00	Director	$0	$0	$0
SHERRY DAVIS	DIRECTOR	10.00	Director	$0	$0	$0
DEBORAH DOWD	VICE CHAIR	10.00	Officer Director	$0	$0	$0
JOE GILLIE	DIRECTOR	10.00	Director	$0	$0	$0
PATTY JONES	CHAIRMAN	30.00	Officer Director	$0	$0	$0
PATI MAGUIRE	SECRETARY	10.00	Officer Director	$0	$0	$0
JANET MEEKS	DIRECTOR	10.00	Director	$0	$0	$0
JUDY MOLLICA	TREASURER	20.00	Director	$0	$0	$0
CYNTHIA RIDLEY	DIRECTOR	10.00	Director	$0	$0	$0
GREGG WEISS	DIRECTOR	10.00	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
2024	$18,919	$97,640	$819,553	$-78,721
2023	$131,994	$140,476	$953,073	$-8,482
2022	$655,707	$626,357	$3,127,853	$29,350
2021	$3,431,730	$2,375,947	$3,862,802	$1,055,783
2020	$2,350,961	$2,652,428	$2,794,382	$-301,467
2019	$3,857,284	$3,111,001	$3,075,268	$746,283
2019	$3,855,523	$3,304,601	$2,912,365	$550,922
2018	$2,761,364	$3,234,934	$2,824,789	$-473,570

OLD SCHOOL SQUARE CENTER FOR THE ARTS INC