CAROGA ARTS COLLECTIVE INC

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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

RICHARD RUBY SR

Phone

5188322041

Tax Period

2024-10-01 to 2025-09-30

CAROGA ARTS COLLECTIVE INC, founded in 2016, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 115% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 59% operating margin.

Mission

THE ORGANIZATION SEEKS TO BRING TOGETHER MUSICIANS, ARTISTS, SCHOLARS AND THE COMMUNITY TO COLLABORATE ACROSS FIELDS AND GENRES ON INTER-DISCIPLINARY PROJECTS. CAROGA ARTS COLLECTIVE, INC. FOCUSES ON REVITALIZING LOCAL CULTURE AND LIFE THROUGH PROVIDING UNIQUE EXPERIENCES VIA COLLABORATIVE PERFORMANCES,EXHIBITS, COMMUNITY OUTREACH EVENTS AND ADULT/YOUTH EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $945,147 Revenue: $180,879

NESTLED IN THE SOUTHERN ADIRONDACKS, THE CAROGA ARTS COLLECTIVE IS A UNIQUE DESTINATION FOR ARTISTS, AUDIENCES, AND COMMUNITY MEMBERS ALIKE. THE ORGANIZATION'S SUMMER MUSIC FESTIVAL, YEAR-ROUND...

NESTLED IN THE SOUTHERN ADIRONDACKS, THE CAROGA ARTS COLLECTIVE IS A UNIQUE DESTINATION FOR ARTISTS, AUDIENCES, AND COMMUNITY MEMBERS ALIKE. THE ORGANIZATION'S SUMMER MUSIC FESTIVAL, YEAR-ROUND EVENTS, AND ADULT/YOUTH EDUCATION PROGRAMS PROVIDE UNFORGETTABLE EXPERIENCES AND ARTISTIC OPPORTUNITIES THAT DISTINGUISH THE CAROGA ARTS COLLECTIVE AS AN EMERGING WORLD-CLASS CULTURAL VENUE. THE ORGANIZATION HOSTS APPROXIMATELY 35,000 VISITORS ANNUALLY AND DRAWS A GROWING NUMBER OF RENOWNED ARTISTS FROM ACROSS THE GLOBE. ACTING AS AN INTERNATIONAL HUB FOR THE ARTS, A CENTER FOR TOURISM, AND A DRIVER FOR REGIONAL ECONOMIC GROWTH, THE ORGANIZATION IS DEVELOPING AN INTERCONNECTED CAMPUS WITH A MODERN AMPHITHEATER, ARTIST HOUSING, AND A VARIETY OF YEAR-ROUND PERFORMANCE SPACES.

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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 $2,763,420

Program Service Revenue $180,879

Investment Income $56,009

Other Revenue $132,574

TOTAL REVENUE $3,132,882

Expense Breakdown

Grants Paid $0

Salaries & Benefits $360,086

Fundraising Expenses $158,648

Program Expenses $945,147

Other Expenses $924,910

TOTAL EXPENSES $1,284,996

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,132,882	$1,454,541	+1.2%
Expenses	$1,284,996	$1,109,114	+0.2%
Net Income	$1,847,886	$345,427	+4.3%

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

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

$80,119

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD RUBY SR	CHAIR	4.00	Officer Director	$0	$0	$0
CHRISTOPHER SIMON	VICE CHAIR	4.00	Officer Director	$0	$0	$0
MARTY NEWELL	TREASURER	4.00	Officer Director	$0	$0	$0
BARBARA LEE	SECRETARY	4.00	Officer Director	$0	$0	$0
WILLIAM CRANKSHAW	DIRECTOR	2.00	Director	$0	$0	$0
DON CROPSEY	DIRECTOR	2.00	Director	$0	$0	$0
MARC GROSS	DIRECTOR	2.00	Director	$0	$0	$0
KIM HART	DIRECTOR	2.00	Director	$0	$0	$0
JEANNIE IM	DIRECTOR	2.00	Director	$0	$0	$0
ERIK KULLESEID	DIRECTOR	2.00	Director	$0	$0	$0
DAN MACIVOR	DIRECTOR	2.00	Director	$0	$0	$0
GENIA MEINHOLD	DIRECTOR	2.00	Director	$0	$0	$0
MARY PECK	DIRECTOR	2.00	Director	$0	$0	$0
STEVE SMITH	DIRECTOR	2.00	Director	$0	$0	$0
BRUCE VEGHTE	DIRECTOR	2.00	Director	$0	$0	$0
KYLE PRICE	EXECUTIVE DI	40.00	Officer	$80,119	$0	$80,119

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	$3,132,882	$1,284,996	$4,986,965	$1,847,886
2024	$1,454,541	$1,109,114	$3,116,481	$345,427
2023	$966,269	$827,586	$2,576,642	$138,683
2022	$1,985,085	$741,848	$2,318,997	$1,243,237
2021	$705,514	$316,099	$1,163,628	$389,415
2020	$427,921	$153,648	$672,936	$274,273
2018	$160,972	$172,843	$276,969	$-11,871