SPRINGFIELD CULTURAL PARTNERSHIP INC ATTN KAREN FINN

EIN: 812515358 501(c)(3) Community Improvement

SPRINGFIELD, MA

Total Revenue
$340,593
Total Expenses
$374,947
Total Assets
$283,994
Net Assets
$258,563
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
MA
Principal Officer
EILEEN MCCAFFERY
Phone
4133371713
Tax Period
2024-07-01 to 2025-06-30

SPRINGFIELD CULTURAL PARTNERSHIP INC ATTN KAREN FINN, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $341K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $375K exceeded revenue, resulting in a 10% operating deficit.

Mission

TO FOSTER CIVIC ENGAGEMENT AND ARTS EDUCATION IN THE CITY OF SPRINGFIELD BY CREATING AND SUSTAINING A VIBRANT CULTURAL ENVIRONMENT, AUTHENTICALLY ENGAGING INSTITUTIONS, ARTISTS, AND 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $335,101
Program Service Revenue $0
Investment Income $4,281
Other Revenue $1,211
TOTAL REVENUE $340,593

Expense Breakdown

Grants Paid $722
Salaries & Benefits $179,001
Fundraising Expenses $53,701
Program Expenses $260,280
Other Expenses $195,224
TOTAL EXPENSES $374,947

Year-over-Year Comparison

2024 2023 Change
Revenue $340,593 $245,286 +0.4%
Expenses $374,947 $302,319 +0.2%
Net Income $-34,354 $-57,033 -0.4%
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
21
Independent Members
21
Employees
2
Volunteers
10

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
$93,855
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN FINN EXEC DIRECTOR 40.00
Officer
$64,863 $28,992 $93,855
ANDREW CADE VICE CHAIR 0.75
Officer Director
$0 $0 $0
MATT ABRAMOVITZ INVESTOR 0.25
Director
$0 $0 $0
GEORGE ARWADY Director 0.25
Director
$0 $0 $0
EILEEN MCCAFFERY CHAIR 0.75
Officer Director
$0 $0 $0
MICHELLE GROUT INVESTOR 1.00
Director
$0 $0 $0
EVAN PLOTKIN INVESTOR 0.25
Director
$0 $0 $0
KELLY FELLNER INVESTOR 0.50
Director
$0 $0 $0
RICH GRIFFIN CLERK 0.50
Officer Director
$0 $0 $0
JIM PUHALA INVESTOR 0.25
Director
$0 $0 $0
JESSICA COLLINS Director 0.25
Director
$0 $0 $0
KATERI WALSH EX-OFFICIO 0.25
Director
$0 $0 $0
KAY SIMPSON INVESTOR 0.25
Director
$0 $0 $0
PAUL LAMBERT INVESTOR 0.13
Director
$0 $0 $0
ROBERTA WILMORE Director 0.25
Director
$0 $0 $0
MICHELE GOLDBERG INVESTOR 0.25
Director
$0 $0 $0
MOLLY FOGARTY EX OFFICIO 0.25
Director
$0 $0 $0
ROSEMARY TRACY WOODS Director 0.50
Director
$0 $0 $0
WILSON DARBIN Director 0.50
Director
$0 $0 $0
RUSSELL PEOTTER Director 0.25
Director
$0 $0 $0
SCOTT HANSON Treasurer 0.25
Officer Director
$0 $0 $0
STEVE GOODWIN INVESTOR 0.25
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 $340,593 $374,947 $283,994 $-34,354
2024 $245,286 $302,319 $303,029 $-57,033
2023 $301,039 $261,896 $356,575 $39,143
2022 $335,208 $242,492 $419,997 $92,716
2021 $235,794 $176,695 $242,336 $59,099
2020 $289,163 $209,678 $181,017 $79,485
2019 $305,183 $256,902 $80,277 $48,281
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