Harrison Center for the Arts Inc (EIN 010798626) - 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

2003

Legal Domicile

Principal Officer

Joanna B Taft

Phone

3173963886

Tax Period

2023-01-01 to 2023-12-31

Harrison Center for the Arts Inc, founded in 2003, is a community nonprofit in the Religion sector that reported $2.6M in total revenue in fiscal year 2023. Revenue surged 89% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 40% operating margin.

Mission

The Harrison Center for the Arts seeks to be a catalyst for renewal in the city of Indianapolis by fostering awareness, appreciation, and community for arts and culture.

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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 $2,205,643

Program Service Revenue $359,127

Investment Income $60,529

Other Revenue $393

TOTAL REVENUE $2,625,692

Expense Breakdown

Grants Paid $0

Salaries & Benefits $401,313

Fundraising Expenses $133,284

Program Expenses $1,206,172

Other Expenses $1,163,587

TOTAL EXPENSES $1,564,900

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,625,692	$1,391,216	+0.9%
Expenses	$1,564,900	$1,346,476	+0.2%
Net Income	$1,060,792	$44,740	+22.7%

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

$142,996

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Julie Berend	President	2.00	Officer Director	$0	$0	$0
Amy Eddy	Secretary	2.00	Officer Director	$0	$0	$0
Sandra Blanton	Director	2.00	Director	$0	$0	$0
Hui Lin Chua PhD	Director	1.00	Director	$0	$0	$0
Tom Peck	Director	1.00	Director	$0	$0	$0
Maurice Mo Henein	Director	1.00	Director	$0	$0	$0
Josh Anderson	Director	1.00	Director	$0	$0	$0
Lauren George Sparkman	Director - Exit 05/23	1.00	Director	$0	$0	$0
Ashley Scruggs	Vice President	1.00	Officer Director	$0	$0	$0
Kyle Dickerson	Director	1.00	Director	$0	$0	$0
Trent Cowles	Immediate Past President	1.00	Officer Director	$0	$0	$0
Connie Kauffman	Director - Exit 03/23	1.00	Director	$0	$0	$0
Jordan Fears Neal	Treasurer	2.00	Officer Director	$0	$0	$0
Rosa Orr	Director	1.00	Director	$0	$0	$0
Darren Ho	Director	1.00	Director	$0	$0	$0
Joanna B Taft	Executive Director	40.00	Officer	$97,689	$45,307	$142,996

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	$2,625,692	$1,564,900	$6,974,410	$1,060,792
2022	$1,391,216	$1,346,476	$5,993,343	$44,740
2021	$1,400,316	$1,300,889	$3,906,495	$99,427
2020	$1,110,683	$1,140,538	$3,913,348	$-29,855
2019	$2,162,364	$1,168,027	$4,080,191	$994,337
2018	$3,024,322	$966,057	$2,841,561	$2,058,265

Harrison Center for the Arts Inc