CAROGA ARTS COLLECTIVE INC (EIN 812778740) - 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

RICHARD RUBY SR

Phone

5188322041

Tax Period

2023-10-01 to 2024-09-30

CAROGA ARTS COLLECTIVE INC, founded in 2016, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $345K, a strong 24% 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.

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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 $751,712

Program Service Revenue $262,191

Investment Income $47,948

Other Revenue $392,690

TOTAL REVENUE $1,454,541

Expense Breakdown

Grants Paid $0

Salaries & Benefits $243,749

Fundraising Expenses $128,572

Program Expenses $855,747

Other Expenses $865,365

TOTAL EXPENSES $1,109,114

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,454,541	$966,269	+0.5%
Expenses	$1,109,114	$827,586	+0.3%
Net Income	$345,427	$138,683	+1.5%

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

$70,676

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
THOMAS FLYNN	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
MARTY NEWELL	DIRECTOR	2.00	Director	$0	$0	$0
MARC GROSS	DIRECTOR	2.00	Director	$0	$0	$0
LISA HANGER	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
DON MACIVOR	DIRECTOR	2.00	Director	$0	$0	$0
MARY PECK	DIRECTOR	2.00	Director	$0	$0	$0
NANCY PURCELL	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	$70,676	$0	$70,676

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	$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

CAROGA ARTS COLLECTIVE INC