EMPIRE ARTS CENTER

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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

2002

Legal Domicile

Principal Officer

DEBRA PFLUGHOEFT-HASSETT

Phone

7017465500

Tax Period

2023-07-01 to 2024-06-30

EMPIRE ARTS CENTER, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $658K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum.

Mission

PROMOTE CULTURAL ACTIVITIES FOR THE COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $595,787 Revenue: $398,221

THE ADVANCEMENT AND PROMOTION OF THE VISUAL AND PERFORMING ARTS IN THE COMMUNITY.

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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 $221,960

Program Service Revenue $297,423

Investment Income $4,183

Other Revenue $134,176

TOTAL REVENUE $657,742

Expense Breakdown

Grants Paid $0

Salaries & Benefits $166,808

Fundraising Expenses $37,438

Program Expenses $595,787

Other Expenses $546,020

TOTAL EXPENSES $712,828

Year-over-Year Comparison

	2023	2022	Change
Revenue	$657,742	$445,124	+0.5%
Expenses	$712,828	$525,430	+0.4%
Net Income	$-55,086	$-80,306	-0.3%

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

Volunteers

802

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

$54,652

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK SCHILL	PRESIDENT	2.00	Officer Director	$0	$0	$0
JULIE RYGG	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
HAL GERSHMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
MAUREEN STORSTAD	TREASURER	2.00	Officer Director	$0	$0	$0
BECCA BAUMBACH	IMMEDIATE PAST PRESIDENT	1.00	Director	$0	$0	$0
ADRIAN CUMMINGS	DIRECTOR	1.00	Director	$0	$0	$0
KRISTI HALL-JIRAN	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE LUNSKI	DIRECTOR	1.00	Director	$0	$0	$0
DONNA SMITH	DIRECTOR	1.00	Director	$0	$0	$0
LISA MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN RYDELL	DIRECTOR	1.00	Director	$0	$0	$0
JANET NELSON	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA PFLUGHOEFT-HASSET	EXECUTIVE DIRECTOR	40.00	Officer	$54,652	$0	$54,652

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	$657,742	$712,828	$683,157	$-55,086
2023	$445,124	$525,430	$743,219	$-80,306
2022	$491,350	$515,581	$840,506	$-24,231
2021	$592,488	$302,701	$888,522	$289,787
2020	$440,233	$450,449	$800,623	$-10,216
2019	$480,389	$520,905	$797,428	$-40,516
2018	$481,704	$493,979	$816,960	$-12,275