FINE ARTS SOCIETY OF INDIANAPOLIS

EIN: 237002448 501(c)(3)

INDIANAPOLIS, IN

Total Revenue
$468,797
Total Expenses
$472,548
Total Assets
$640,410
Net Assets
$604,342
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
IN
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

TO INSPIRE PEOPLE WITH THE POWER OF CLASSICAL MUSIC. THIS IS ACHIEVED THROUGH THE CREATION AND SYNDICATION OF ON-AIR CLASSICAL MUSIC PROGRAMS TO BE BROADCAST BY AFFILIATE STATIONS, WHEREBY CMI PROVIDES BROADCASTING AND PROGRAMMING. CMI ALSO SERVES A VARIETY OF SPECIAL COMMUNITY OFF-AIR PROGRAMS AND COLLABORATIONS TO EXCITE AND ENGAGE DIVERSE AUDIENCES.

Program Service Accomplishments

Program 1
Expenses: $239,499 Revenue: $53,017

STREAMING AND SYNDICATION - CMI PRODUCES A CLASSICAL MUSIC STREAMING CHANNEL; LOCAL MUSIC AND NEW MUSIC FOR AN AUDIENCE OF ABOUT 40,000 EACH YEAR. SYNDICATION, ANYTIME CLASSICAL SERVES CLIENTS...

Read more

STREAMING AND SYNDICATION - CMI PRODUCES A CLASSICAL MUSIC STREAMING CHANNEL; LOCAL MUSIC AND NEW MUSIC FOR AN AUDIENCE OF ABOUT 40,000 EACH YEAR. SYNDICATION, ANYTIME CLASSICAL SERVES CLIENTS PROVIDING CLASSICAL MUSIC IN IDIANA, OHIO, WASHINGTON, AND OREGON. WE DO NOT HAVE ENOUGH REVENUE COLLECTED FROM OUR SYNDICATION PROGRAM CUSTOMERS, SO WE USE OUR RESTRICTED CASH AND GENERAL CONTRIBUTIONS TO SUPPORT THIS PROGRAM. WE ALSO HOST A WEEKLY RADIO PROGRAM HIGHLIGHTING THE ARTS IN INDIANA, CLASSICAL BEAT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
12
Independent Members
12
Employees
7
Volunteers
12

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
6
$146,362
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
Top 100 Nonprofits in Indiana Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare FINE ARTS SOCIETY OF INDIANAPOLIS with other nonprofits in Indiana and across the country.