CADETS ARTS AND ENTERTAINMENT INC

EIN: 850545477 501(c)(3)

Erie, PA

Total Revenue
$1,827,091
Total Expenses
$2,108,718
Total Assets
$611,269
Net Assets
$197,459
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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
2019
Legal Domicile
NJ
Principal Officer
Vicki Ferrence Ray
Phone
4847731983
Tax Period
2021-11-01 to 2022-10-31

CADETS ARTS AND ENTERTAINMENT INC, founded in 2019, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2021. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $2.1M exceeded revenue, resulting in a 15% operating deficit.

Mission

Leadership innovation excellence and community through arts and education helping students achieve their potential as individuals and as citizens of the world.

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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 (2021)

Revenue Breakdown

Contributions & Grants $538,443
Program Service Revenue $954,502
Investment Income $118,122
Other Revenue $216,024
TOTAL REVENUE $1,827,091

Expense Breakdown

Grants Paid $0
Salaries & Benefits $243,070
Fundraising Expenses $68,516
Program Expenses $1,806,072
Other Expenses $1,842,598
TOTAL EXPENSES $2,108,718

Year-over-Year Comparison

2021 2020 Change
Revenue $1,827,091 $1,306,331 +0.4%
Expenses $2,108,718 $1,068,109 +1.0%
Net Income $-281,627 $238,222 -2.2%
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
18
Independent Members
17
Employees
4
Volunteers
120

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
2
$115,000
Total Directors
18
$50,000
Key Employees
2
$115,000
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Aundre Pelovski Treasurer - Board of Directors 20.00
Director
$0 $0 $0
Vicki Ferrence Ray Compliance Ofc - Board of Directors 10.00
Director
$0 $0 $0
Cindi DeVivo Secretary - Board of Directors 5.00
Director
$0 $0 $0
Greg Cinzio Board of Directors 5.00
Director
$0 $0 $0
Alyssa Cimino Board of Directors 5.00
Director
$0 $0 $0
Joan Lima Board of Directors 5.00
Director
$0 $0 $0
Samuel Saunders Board of Directors 5.00
Director
$0 $0 $0
Ann Voorhees Board of Directors 10.00
Director
$0 $0 $0
Justin Moore COO and CFO 40.00
Officer Key Emp Highest
$65,000 $0 $65,000
Martin Taylor Board of Directors 5.00
Director
$0 $0 $0
Chris Grifa Board of Directors 5.00
Director
$0 $0 $0
Chris Ryan-Lawrence Board of Directors 5.00
Director
$0 $0 $0
Dan Kocher Board of Directors 5.00
Director
$0 $0 $0
Michelle Perez Board of Directors 5.00
Director
$0 $0 $0
Taylor Whitehead Board of Directors 5.00
Director
$0 $0 $0
Mallory Yohannan Board of Directors 5.00
Director
$0 $0 $0
Denise Bonfiglio CEO 60.00
Officer Director Key Emp Highest
$50,000 $0 $50,000
Mark Herzing Chairperson - Board of Directors 10.00
Director
$0 $0 $0
John Broschak V Chairperson - Board of Directors 10.00
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
2022 $1,827,091 $2,108,718 $611,269 $-281,627
2021 $1,306,331 $1,068,109 $729,483 $238,222
2020 $644,454 $411,164 $852,808 $233,290
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