KINGSTON MIDTOWN ARTS DISTRICT (EIN 814055092) - 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

2017

Legal Domicile

Phone

8456631409

Tax Period

2024-01-01 to 2024-12-31

KINGSTON MIDTOWN ARTS DISTRICT, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $691K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

THE KINGSTON MIDTOWN ARTS DISTRICT MISSION IS TO UNITE, REVITALIZE AND ENRICH THE COMMUNITY THROUGH THE ARTS. WE ARE FOCUSED ON BUILDING UPON THE CITYS EXISTING ASSETS AND REPUTATION AS AN ARTS FRIENDLY PLACE IN WHICH TO LIVE,WORK&PLAY REMAINING INCLUSIVE&EQUITABLE TO ALL.

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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 $458,368

Program Service Revenue $204,998

Investment Income $933

Other Revenue $26,649

TOTAL REVENUE $690,948

Expense Breakdown

Grants Paid $0

Salaries & Benefits $296,202

Fundraising Expenses $32,857

Program Expenses $569,341

Other Expenses $414,483

TOTAL EXPENSES $710,685

Year-over-Year Comparison

	2024	2023	Change
Revenue	$690,948	$593,791	+0.2%
Expenses	$710,685	$580,170	+0.2%
Net Income	$-19,737	$13,621	-2.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET S INGE	PRESIDENT	5.00	Officer	$0	$0	$0
JASON MONES	TREASURER	5.00	Officer	$0	$0	$0
SARA PASTI	OFFICER	1.00	Officer	$0	$0	$0
MADELEINE CUTRONA	VICE PRESIDENT	5.00	Officer	$0	$0	$0
ZACHARY BOWMAN	OFFICER	1.00	Officer	$0	$0	$0
LISA KELLEY	EXECUTIVE DIRECTOR	40.00	Officer Highest	$0	$0	$0
FRANK WATERS	OFFICER	1.00	Officer	$0	$0	$0
JAY SHERMAN-GODFREY	OFFICER	1.00	Officer	$0	$0	$0
SOFIA KRAVITZ	OFFICER	1.00	Officer	$0	$0	$0
DEBRA PRIESTLY	OFFICER	1.00	Officer	$0	$0	$0
MICHAEL TORRES	OFFICER	0.00	Officer	$0	$0	$0
LIZ BAKER	OFFICER	0.00	Officer	$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	$690,948	$710,685	$193,150	$-19,737
2023	$593,791	$580,170	$223,020	$13,621
2022	$477,809	$440,813	$204,395	$36,996
2021	$202,334	$231,700	$192,746	$-29,366

KINGSTON MIDTOWN ARTS DISTRICT