OLD JAIL ART CENTER (EIN 132952646) - 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

1977

Legal Domicile

Principal Officer

AUSTIN SHERWOOD

Phone

3257622269

Tax Period

2023-01-01 to 2023-12-31

OLD JAIL ART CENTER, founded in 1977, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $557K, a strong 40% operating margin.

Mission

MUSEUM

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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 $706,197

Program Service Revenue $0

Investment Income $665,741

Other Revenue $26,256

TOTAL REVENUE $1,398,194

Expense Breakdown

Grants Paid $0

Salaries & Benefits $349,018

Fundraising Expenses $12,390

Program Expenses $629,161

Other Expenses $492,444

TOTAL EXPENSES $841,462

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,398,194	$1,277,100	+0.1%
Expenses	$841,462	$853,560	0.0%
Net Income	$556,732	$423,540	+0.3%

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
STEVE WALLER	PAST CHAIR	1.00	Officer Director	$0	$0	$0
DORIS MILLER	TRUSTEE	1.00	Officer Director	$0	$0	$0
JOHN E DUDLEY	TRUSTEE	1.00	Director	$0	$0	$0
DAN A NEFF	TREASURER AND TRUSTEE	1.00	Officer Director	$0	$0	$0
G WADE CALDWELL	TRUSTEE	1.00	Director	$0	$0	$0
GLENN A PICQUET	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
LEE HALLMAN	TRUSTEE	1.00	Director	$0	$0	$0
LYNNE TEINERT	TRUSTEE	1.00	Director	$0	$0	$0
LOUISA MUSSELMAN FIKES	TRUSTEE	1.00	Director	$0	$0	$0
BETSY SENTER	SECRETARY AND TRUSTEE	2.00	Officer Director	$0	$0	$0
MAC MCGINNIS	TRUSTEE	1.00	Director	$0	$0	$0
JAY HARDAWAY	TRUSTEE	1.00	Director	$0	$0	$0
PAM TIDWELL	TRUSTEE	1.00	Director	$0	$0	$0
KATE SCULLY WELLS	TRUSTEE	1.00	Director	$0	$0	$0
JILL WILKINSON	TRUSTEE	1.00	Director	$0	$0	$0
AUSTIN SHERWOOD	CHAIR AND TRUSTEE	1.00	Director	$0	$0	$0
HANK PAUP	TRUSTEE	1.00	Director	$0	$0	$0
BRITTNEY HARMON	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER MARSHALL	TRUSTEE	1.00	Director	$0	$0	$0
LAUREN MCCARTY	TRUSTEE	1.00	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	$1,398,194	$841,462	$25,691,578	$556,732
2022	$1,277,100	$853,560	$23,515,741	$423,540
2021	$1,602,405	$745,123	$25,826,910	$857,282
2020	$1,243,744	$750,127	$24,079,193	$493,617
2019	$1,139,100	$830,224	$22,420,059	$308,876
2018	$1,071,170	$849,539	$20,342,260	$221,631

OLD JAIL ART CENTER