ALABASTER ARTS COUNCIL INC

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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

2007

Legal Domicile

Principal Officer

JAMIE COLE

Tax Period

2024-01-01 to 2024-12-31

ALABASTER ARTS COUNCIL INC, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $604K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $583K left a modest 3% surplus.

Mission

ORGANIZE A LOCAL MUSIC FESTIVAL BRINGING TOGETHER WORLD CLASS MUSIC AND ART.

Program Service Accomplishments

Program 1

Expenses: $583,050

ORGANIZED MUSIC FESTIVAL AND PROVIDED SCHOLARSHIPS TO ARTS STUDENTS AND GRANTS TO ARTS PROGRAMS IN LOCAL SCHOOLS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $602,599

Program Service Revenue $0

Investment Income $958

Other Revenue $0

TOTAL REVENUE $603,557

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $583,050

Other Expenses $583,050

TOTAL EXPENSES $583,050

Year-over-Year Comparison

	2024	2023	Change
Revenue	$603,557	$528,289	+0.1%
Expenses	$583,050	$552,261	+0.1%
Net Income	$20,507	$-23,972	-1.9%

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

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
JAMIE COLE	2ND VICE PRE	N/A	Officer	$0	$0	$0
CAMILLE HERRON	VICE PRESIDE	N/A	Officer	$0	$0	$0
ADAM MOSELEY	PRESIDENT	N/A	Officer	$0	$0	$0
VICTOR SMITH	TREASURER	N/A	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
2024	$603,557	$583,050	$47,293	$20,507
2023	$528,289	$552,261	$176,186	$-23,972
2022	$580,896	$570,607	$51,157	$10,289
2021	$390,320	$373,009	$41,994	$17,311
2020	$11,854	$10,694	$34,835	$1,160
2018	$571,441	$582,112	$15,390	$-10,671