NORTH FORK ARTS CENTER INC (EIN 922233043) - 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

2023

Legal Domicile

Principal Officer

NOAH CARTER

Tax Period

2023-01-01 to 2023-12-31

NORTH FORK ARTS CENTER INC, founded in 2023, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.4M in total revenue in fiscal year 2023. The organization ran a surplus of $5.3M, a strong 99% operating margin.

Mission

TO PROVIDE AN INCLUSIVE CULTURAL ARTS CENTER WHERE PEOPLE OF THE NORTH FORK COMMUNITY CAN COME TOGETHER TO BE ENTERTAINED, EDUCATED, AND INSPIRED BY THE WORLD CINEMA, LIVE PERFORMANCES, FINE ART EXHIBITIONS, LECTURE SERIES, AND HANDS-ON ARTS TRAINING. NFAC IS COMMITTED TO IMPROVING THE QUALITY OF LIFE IN OUR COMMUNITY BY PROMOTING AN APPRECIATION FOR CULTURAL ARTS, CREATIVITY, AND CRITICAL THINKING.

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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 $5,342,700

Program Service Revenue $0

Investment Income $14,764

Other Revenue $0

TOTAL REVENUE $5,357,464

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,210

Program Expenses $18,299

Other Expenses $52,378

TOTAL EXPENSES $52,378

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,357,464	N/A	N/A
Expenses	$52,378	N/A	N/A
Net Income	$5,305,086	N/A	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NOAH CARTER	TREASURER	5.00	Officer Director	$0	$0	$0
PHYLLIS EHRLICH	BOARD MEMBER	5.00	Director	$0	$0	$0
PAUL HENRY	BOARD MEMBER	5.00	Director	$0	$0	$0
ANNMARIE IERACI	BOARD MEMBER	5.00	Director	$0	$0	$0
MARIA MARILL	VICE CHAIR	5.00	Officer Director	$0	$0	$0
KATHERINE OLIVER	BOARD MEMBER	5.00	Director	$0	$0	$0
CHARLES SALICE	BOARD MEMBER	5.00	Director	$0	$0	$0
TONY SPIRIDAKIS	CHAIR	40.00	Officer Director	$0	$0	$0
CHRISTOPHER WEDGE	BOARD MEMBER	5.00	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	No data	No data	No data	No data
2023	$5,357,464	$52,378	$5,733,955	$5,305,086

NORTH FORK ARTS CENTER INC