Holmes County Arts Council (EIN 050566568) - 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

Audrey Anderson

Phone

6629275155

Tax Period

2021-01-01 to 2021-12-31

Holmes County Arts Council, founded in 2003, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $2K in total revenue in fiscal year 2021. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $24K exceeded revenue, resulting in a 883% operating deficit.

Mission

Organize and provide arts education and community involvement. A building will be renovated as a facility to educate, promote,and provide art for the community. This will include musical performances, art displays, and dramas.

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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 (2021)

Revenue Breakdown

Contributions & Grants $2,470

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,470

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,802

Other Expenses $24,273

TOTAL EXPENSES $24,273

Year-over-Year Comparison

	2021	2020	Change
Revenue	$2,470	$7,620	-0.7%
Expenses	$24,273	$22,655	+0.1%
Net Income	$-21,803	$-15,035	+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

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	Role	Reportable Comp	Other Comp	Total
Audrey Anderson	President	Officer	$0	$0	$0
Sally Cohen	Vice President	Officer	$0	$0	$0
Lisa Bethany	Secretary	Officer	$0	$0	$0
Bessie Dedeaux	Asst Secretary	Officer	$0	$0	$0
Arnita Knight	Treasurer	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
2021	$2,470	$24,273	$433,052	$-21,803
2020	$7,620	$22,655	$454,855	$-15,035
2019	$16,732	$27,951	$469,890	$-11,219
2018	$12,855	$27,514	$481,109	$-14,659

Holmes County Arts Council