WEST FALLS CENTER FOR THE ARTS (EIN 811755030) - 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

2016

Legal Domicile

Principal Officer

CAROLYN PANZICA

Phone

7165706520

Tax Period

2024-09-01 to 2025-08-31

WEST FALLS CENTER FOR THE ARTS, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $565K in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $252K, a strong 45% operating margin.

Mission

TO PROVIDE ACCESS TO THE ARTS FOR PEOPLE OF ALL AGES IN A DIVERSE RURAL COMMUNITY. THE ORGANIZATION CREATES A SAFE ENVIRONMENT TO EXPRESS EMOTIONS THROUGH CREATIVITY TO HELP SUSTAIN AND GROW COGNITIVE DEVELOPMENT FOR ALL MEMBERS OF 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 (2024)

Revenue Breakdown

Contributions & Grants $432,534

Program Service Revenue $85,697

Investment Income $360

Other Revenue $46,868

TOTAL REVENUE $565,459

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,949

Fundraising Expenses $31,722

Program Expenses $235,504

Other Expenses $235,119

TOTAL EXPENSES $313,068

Year-over-Year Comparison

	2024	2023	Change
Revenue	$565,459	$374,602	+0.5%
Expenses	$313,068	$310,067	+0.0%
Net Income	$252,391	$64,535	+2.9%

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

Governance

Voting Members

Independent Members

Employees

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

$74,744

Total Directors

$7,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN PANZICA	EXECUTIVE DI	40.00	Officer	$74,744	$0	$74,744
JIM GRANVILLE	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS BARUSIC	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ED HEMPLING	TREASURER	1.00	Officer Director	$0	$0	$0
TERESA SCHWARTZOTT	SECRETARY	1.00	Officer Director	$0	$0	$0
KIM MARIE MCKERNAN	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL PANZICA	BOARD MEMBER	1.00	Director	$0	$0	$0
FRED SAIA	BD MEMBER (F	1.00	Director	$0	$0	$0
DOUG YEOMANS	BOARD MEMBER	1.00	Director	$7,250	$0	$7,250

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	$565,459	$313,068	$658,260	$252,391
2024	$374,602	$310,067	$419,648	$64,535
2023	$329,522	$334,501	$237,369	$-4,979
2022	$265,320	$251,106	$143,790	$14,214
2021	$175,026	$114,797	$183,816	$60,229

WEST FALLS CENTER FOR THE ARTS