CONTINUO ARTS FOUNDATION INC

EIN: 651320288 501(c)(3) Arts, Culture & Humanities

Summit, NJ

Total Revenue
$302,133
Total Expenses
$306,046
Total Assets
$67,098
Net Assets
$64,236
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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
2007
Legal Domicile
NJ
Principal Officer
Candace Wicke
Phone
9082645324
Tax Period
2024-01-01 to 2024-12-31

CONTINUO ARTS FOUNDATION INC, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $302K in total revenue in fiscal year 2024.

Mission

Music Education Performance and Exposure

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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 $132,964
Program Service Revenue $166,714
Investment Income $0
Other Revenue $2,455
TOTAL REVENUE $302,133

Expense Breakdown

Grants Paid $0
Salaries & Benefits $121,283
Fundraising Expenses $0
Program Expenses $72,869
Other Expenses $184,763
TOTAL EXPENSES $306,046

Year-over-Year Comparison

2024 2023 Change
Revenue $302,133 $285,780 +0.1%
Expenses $306,046 $281,184 +0.1%
Net Income $-3,913 $4,596 -1.9%
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

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Governance

Voting Members
5
Independent Members
5
Employees
2
Volunteers
60

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
3
$0
Total Directors
9
$62,000
Key Employees
1
$62,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Candace Wicke Executive Director 40
Director Key Emp Highest
$62,000 $0 $62,000
Lee Resnick President 1
Officer Director
$0 $0 $0
Daniel Apruzzese Treasurer 2
Officer Director
$0 $0 $0
Noni MacPherson Secretary 1
Officer Director
$0 $0 $0
William Hammond Executive Board 1
Director
$0 $0 $0
Suraj Alva Executive Board 1
Director
$0 $0 $0
Joe Ciresi Trustee 0
Director
$0 $0 $0
William Hildebrandt Trustee 0
Director
$0 $0 $0
Claudia Cardillo Trustee 0
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 $302,133 $306,046 $67,098 $-3,913
2023 $285,780 $281,184 $68,149 $4,596
2022 $235,197 $234,930 $63,553 $267
2019 $249,534 $242,834 $65,974 $6,700
2018 $245,266 $234,968 $59,274 $10,298
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