ACT OF CONNECTICUT (EIN 813092871) - 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

Phone

4752155433

Tax Period

2023-08-01 to 2024-07-31

ACT OF CONNECTICUT, founded in 2016, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.7M in total revenue in fiscal year 2023. Expenses of $3.3M exceeded revenue, resulting in a 21% operating deficit.

Mission

THE ORGANIZATION SEEKS TO ELEVATE THE LEVEL OF ENTERTAINMENT IN FAIRFIELD COUNTY AND TO FOSTER A SENSE OF COMMUNITY THROUGH THE ARTS.

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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 $1,230,687

Program Service Revenue $1,083,930

Investment Income $50,409

Other Revenue $356,684

TOTAL REVENUE $2,721,710

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,884,154

Fundraising Expenses $87,570

Program Expenses $2,713,439

Other Expenses $1,407,346

TOTAL EXPENSES $3,291,500

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,721,710	$2,715,161	+0.0%
Expenses	$3,291,500	$2,958,857	+0.1%
Net Income	$-569,790	$-243,696	+1.3%

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

251

Volunteers

N/A

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

$100,000

Total Directors

$233,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATIE DIAMOND	PRESIDENT	1.00	Officer Director	$0	$0	$0
DANIEL LEVINE	ARTISTIC DIRECTOR/VP	40.00	Officer Director	$100,000	$0	$100,000
TIZZIE MANTIONE	TREASURER	5.00	Officer Director	$0	$0	$0
HEATHER HILLMAN	DIRECTOR OF EDUCATION/SECRETARY	20.00	Officer Director	$0	$0	$0
BRYAN PERRI	MUSIC SUPERVISOR/MEMBER	10.00	Director	$33,300	$0	$33,300
MARISA SCHAFER	MEMBER	1.00	Director	$0	$0	$0
LARRY MORLEY	MEMBER	1.00	Director	$0	$0	$0
JACK MEHLER	MEMBER	1.00	Director	$0	$0	$0
KRISTIN BEYLOUNI	MEMBER	1.00	Director	$0	$0	$0
CAROLINE KELLEN	MEMBER	1.00	Director	$0	$0	$0
REBECCA BAGLIO	MEMBER	1.00	Director	$0	$0	$0
BETSY BRAND	MEMBER	1.00	Director	$0	$0	$0
MARY JOYCE	MEMBER	1.00	Director	$0	$0	$0
RAJAL YOUNG	MEMBER	1.00	Director	$0	$0	$0
RANDY DONALDSON	MEMBER	1.00	Director	$0	$0	$0
PEGGY MARCONI	MEMBER	1.00	Director	$0	$0	$0
R ERIN CRAIG	PRODUCING DIRECTOR/MEMBER	40.00	Director	$100,000	$0	$100,000
MICHAEL SEELBACH	MEMBER	1.00	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
2024	$2,721,710	$3,291,500	$3,413,943	$-569,790
2023	$2,715,161	$2,958,857	$3,277,171	$-243,696
2022	$2,833,952	$2,177,688	$3,829,690	$656,264
2021	$1,457,528	$1,272,259	$2,825,202	$185,269
2020	$2,145,840	$1,616,749	$2,547,915	$529,091
2019	$2,043,628	$1,936,918	$2,197,517	$106,710

ACT OF CONNECTICUT