ART CENTER OF THE BLUEGRASS INC

EIN: 161674338 501(c)(3) Arts, Culture & Humanities

DANVILLE, KY

Total Revenue
$776,688
Total Expenses
$594,351
Total Assets
$1,773,806
Net Assets
$1,465,806
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
KY
Principal Officer
BRIAN HUTZLEY
Phone
8592364054
Tax Period
2022-07-01 to 2023-06-30

ART CENTER OF THE BLUEGRASS INC, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $777K in total revenue in fiscal year 2022. Revenue surged 85% from the prior year, signaling strong growth momentum. The organization ran a surplus of $182K, a strong 23% operating margin.

Mission

THE ART CENTER OF THE BLUEGRASS CREATES TRANSFORMATIVE ARTS OPPORTUNITIES FOR EVERY MEMBER OF THE COMMUNITY. THIS IS ACCOMPLISHED THROUGH EDUCATIONAL PROGRAMMING, ART EXHIBITIONS, AND COMMUNITY OUTREACH. LESSONS IN VISUAL AND PERFORMING ARTS ARE AVAILABLE FOR ALL AGES. ART EXHIBITS BY INTERNATIONAL, NATIONAL, REGIONAL AND LOCAL ARTISTS ARE ROTATED BI-MONTHLY AND ARE ACCOMPANIED BY PARTICIPATORY ACTIVITIES. COLLABORATIVE ARTS PROGRAMMING IS OFFERED THROUGHOUT THE COMMUNITY TO SPECIAL NEEDS ADULTS, SENIOR CITIZENS, AND SCHOOL CHILDREN.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $537,016
Program Service Revenue $179,840
Investment Income $13,398
Other Revenue $46,434
TOTAL REVENUE $776,688

Expense Breakdown

Grants Paid $0
Salaries & Benefits $314,335
Fundraising Expenses $37,720
Program Expenses $430,628
Other Expenses $280,016
TOTAL EXPENSES $594,351

Year-over-Year Comparison

2022 2021 Change
Revenue $776,688 $418,887 +0.9%
Expenses $594,351 $425,935 +0.4%
Net Income $182,337 $-7,048 -26.9%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
17
Independent Members
17
Employees
8
Volunteers
95

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
4
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARGARET LEVI DIRECTOR 1.00
Director
$0 $0 $0
BRIAN HUTZLEY PRESIDENT 1.00
Officer Director
$0 $0 $0
STUART SANDERS DIRECTOR 1.00
Director
$0 $0 $0
SHILPA LARKIN DIRECTOR 1.00
Director
$0 $0 $0
ALLEN MARTIN DIRECTOR 1.00
Director
$0 $0 $0
MILTON REIGELMAN TREASURER 1.00
Officer Director
$0 $0 $0
DIANA GILLEY SECRETARY 1.00
Officer Director
$0 $0 $0
SUZANNE FARMER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JANE DEWEY DIRECTOR 1.00
Director
$0 $0 $0
MARY CONLEY DIRECTOR 1.00
Director
$0 $0 $0
LYNDA ROSS DIRECTOR 1.00
Director
$0 $0 $0
TOM BAEKER DIRECTOR 1.00
Director
$0 $0 $0
JOSH WILL DIRECTOR 1.00
Director
$0 $0 $0
LARRY WEATHERS DIRECTOR 1.00
Director
$0 $0 $0
PETER HAFFNER DIRECTOR 1.00
Director
$0 $0 $0
DAVID SEIDEL DIRECTOR 1.00
Director
$0 $0 $0
AMY ISOLA DIRECTOR 1.00
Director
$0 $0 $0
LOIS MATEUS DIRECTOR 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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $776,688 $594,351 $1,773,806 $182,337
2022 $418,887 $425,935 $1,251,150 $-7,048
2021 $361,888 $355,661 $1,348,193 $6,227
2020 $414,615 $407,013 $1,230,770 $7,602
2018 $355,937 $382,667 $1,271,290 $-26,730
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