PRATT FINE ARTS CENTER (EIN 911186639) - 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

1976

Legal Domicile

Principal Officer

JESSICA BORUSKY

Phone

2063282200

Tax Period

2023-09-01 to 2024-08-31

PRATT FINE ARTS CENTER, founded in 1976, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.6M in total revenue in fiscal year 2023. Expenses of $3.2M exceeded revenue, resulting in a 21% operating deficit.

Mission

PRATT FINE ARTS CENTER IS AN ARTS EDUCATION AND RESOURCE CENTER DEDICATED TO PROMOTING CREATIVE DEVELOPMENT AND ARTISTIC ENGAGEMENT TO THE LOCAL AND GLOBAL COMMUNITY.

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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 $870,234

Program Service Revenue $1,676,283

Investment Income $100,026

Other Revenue $-5,383

TOTAL REVENUE $2,641,160

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,013,819

Fundraising Expenses $300,226

Program Expenses $2,173,735

Other Expenses $1,185,699

TOTAL EXPENSES $3,199,518

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,641,160	$2,549,279	+0.0%
Expenses	$3,199,518	$2,933,746	+0.1%
Net Income	$-558,358	$-384,467	+0.5%

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

343

Volunteers

169

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

$132,653

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL BERENSON	BOARD MEMBER	4.00	Director	$0	$0	$0
MOLLIE PRICE	BOARD MEMBER	4.00	Director	$0	$0	$0
KEITH COOKE	BOARD MEMBER	4.00	Director	$0	$0	$0
JULIE HAMM	BOARD MEMBER, VICE PRESIDE	4.00	Director	$0	$0	$0
EVE SANFORD-NICHOLSON	BOARD MEMBER	4.00	Director	$0	$0	$0
FRANCISCO GUERRERO	BOARD MEMBER, VICE PRESIDE	4.00	Director	$0	$0	$0
BECKY GELDER	BOARD MEMBER	4.00	Director	$0	$0	$0
DIAN HARTONO	BOARD MEMBER, PRESIDENT	4.00	Director	$0	$0	$0
LEE CAMPBELL	BOARD MEMBER	4.00	Director	$0	$0	$0
SARAH SHAIKH	BOARD MEMBER, TREASURER	4.00	Director	$0	$0	$0
CYNTHIA HIBBARD	BOARD MEMBER	4.00	Director	$0	$0	$0
SUSAN MARABITO	BOARD MEMBER	4.00	Director	$0	$0	$0
BERNICE TERRELL	BOARD MEMBER	4.00	Director	$0	$0	$0
JO MIKESELL	BOARD MEMBER	4.00	Director	$0	$0	$0
MATTHEW SCHAUB	BOARD MEMBER	4.00	Director	$0	$0	$0
SAMANTHA SONG	BOARD MEMBER, SECRETARY	4.00	Director	$0	$0	$0
JESSICA BORUSKY	EXECUTIVE DIRECTOR	40.00	Officer	$118,824	$13,829	$132,653

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	$2,641,160	$3,199,518	$5,928,806	$-558,358
2023	$2,549,279	$2,933,746	$6,385,927	$-384,467
2022	$1,948,590	$2,376,031	$6,494,713	$-427,441
2021	$1,908,130	$1,745,436	$7,081,159	$162,694
2020	$2,806,606	$2,383,602	$7,258,624	$423,004
2019	$3,122,438	$2,810,120	$6,915,372	$312,318
2018	$3,361,812	$2,428,451	$6,818,586	$933,361

PRATT FINE ARTS CENTER