FINE ARTS SOCIETY OF INDIANAPOLIS (EIN 237002448) - 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

1968

Legal Domicile

Principal Officer

JULIA HOLBROOK

Phone

3177883291

Tax Period

2024-01-01 to 2024-12-31

FINE ARTS SOCIETY OF INDIANAPOLIS, founded in 1968, is a small nonprofit that reported $469K in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF THE ORGANIZATION IS TO INSPIRE PEOPLE IN THE COMMUNITY WITH THE POWER OF CLASSICAL MUSIC.

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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 $403,051

Program Service Revenue $53,017

Investment Income $12,729

Other Revenue $0

TOTAL REVENUE $468,797

Expense Breakdown

Grants Paid $0

Salaries & Benefits $295,284

Fundraising Expenses $61,210

Program Expenses $239,499

Other Expenses $177,264

TOTAL EXPENSES $472,548

Year-over-Year Comparison

	2024	2023	Change
Revenue	$468,797	$309,912	+0.5%
Expenses	$472,548	$671,570	-0.3%
Net Income	$-3,751	$-361,658	-1.0%

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

$146,362

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHRYN PATTERSON	IMMEDIATE PAST CHAIR	5.00	Officer Director	$0	$0	$0
KENT COOK	CHAIR	5.00	Officer Director	$0	$0	$0
ALEX PANTOS	VICE-CHAIR	5.00	Officer Director	$0	$0	$0
JANICE ROGER	SECRETARY	5.00	Officer Director	$0	$0	$0
ED BELLOWS	FINANCE COMMITTEE CHAIR	5.00	Director	$0	$0	$0
GERALD V HINCHMAN	CHARTER & LIFETIME BOARD MEMBER	5.00	Director	$0	$0	$0
DIANE ABRAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
MOJA HARMON	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES B LOOTENS	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK MCHUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
JORDAN WOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIA HOLBROOK	EXECUTIVE DIRECTOR	40.00	Officer	$83,793	$11,875	$95,668
MICHAEL TOULOUSE	PROGRAM DIRECTOR	40.00	Officer	$49,483	$1,211	$50,694

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	$468,797	$472,548	$640,410	$-3,751
2023	$309,912	$671,570	$624,394	$-361,658
2022	$374,108	$669,815	$933,560	$-295,707
2021	$554,253	$695,569	$1,360,466	$-141,316
2020	$1,027,802	$613,508	$1,454,561	$414,294
2019	$366,813	$545,341	$1,001,338	$-178,528
2018	$619,051	$461,815	$1,075,659	$157,236

FINE ARTS SOCIETY OF INDIANAPOLIS