AMARILLO ART CENTER ASSOCIATION (EIN 237042476) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

1967

Legal Domicile

Principal Officer

BECCA WHITE FARABOUGH

Phone

8063715050

Tax Period

2023-09-01 to 2024-08-31

AMARILLO ART CENTER ASSOCIATION, founded in 1967, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 142% from the prior year, signaling strong growth momentum. The organization ran a surplus of $643K, a strong 44% operating margin.

Mission

TO ESTABLISH AND MAINTAIN A FINE ARTS MUSEUM

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,030,170

Program Service Revenue $30,479

Investment Income $186,390

Other Revenue $196,901

TOTAL REVENUE $1,443,940

Expense Breakdown

Grants Paid $0

Salaries & Benefits $311,758

Fundraising Expenses $28,093

Program Expenses $632,738

Other Expenses $489,641

TOTAL EXPENSES $801,399

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,443,940	$597,225	+1.4%
Expenses	$801,399	$595,184	+0.3%
Net Income	$642,541	$2,041	+313.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GABRIELLE BIVINS	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY BROCKMAN	TRUSTEE	1.00	Director	$0	$0	$0
MEAGHAN COLLIER	TRUSTEE	1.00	Director	$0	$0	$0
DAN DOWDY	TRUSTEE	1.00	Director	$0	$0	$0
MICHELE FORTUNATO	TRUSTEE	1.00	Director	$0	$0	$0
MARLEY HOGGATT	TRUSTEE	1.00	Director	$0	$0	$0
STEPHANIE JUNG	TRUSTEE	1.00	Director	$0	$0	$0
SHAWN KENNEDY	TRUSTEE	1.00	Director	$0	$0	$0
KELLY KRITSER	TRUSTEE	1.00	Director	$0	$0	$0
MIKE LADD	TRUSTEE	1.00	Director	$0	$0	$0
MEREDITH MARMADUKE	TRUSTEE	1.00	Director	$0	$0	$0
KATT KRAUSE MASSEY	TRUSTEE	1.00	Director	$0	$0	$0
ADRIAN MEANDER	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK MENDS-FORKPA	TRUSTEE	1.00	Director	$0	$0	$0
DENISE OLSON	TRUSTEE	1.00	Director	$0	$0	$0
RACHELLE TULS	TRUSTEE	1.00	Director	$0	$0	$0
MEREDITH CHILDERS VARLAMIS	TRUSTEE	1.00	Director	$0	$0	$0
LIVIA WOODBURN	TRUSTEE	1.00	Director	$0	$0	$0
JUDY CARTER	SECRETARY	1.00	Officer	$0	$0	$0
TEEL DURRETT	PRESIDENT-EL	1.00	Officer	$0	$0	$0
BECCA WHITE FARABOUGH	PRESIDENT	1.00	Officer	$0	$0	$0
DENESE SKINNER	AC INTERIM P	1.00	Officer	$0	$0	$0
CHUCK YOUNG	TREASURER	1.00	Officer	$0	$0	$0
ALFONSO ZAMBRANO	PAST PRESIDE	1.00	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	$1,443,940	$801,399	$4,519,411	$642,541
2023	$597,225	$595,184	$3,618,107	$2,041
2022	$697,189	$543,947	$3,599,715	$153,242
2021	$481,524	$437,280	$3,845,594	$44,244
2020	$545,533	$453,601	$3,593,959	$91,932
2019	$756,388	$499,050	$3,383,717	$257,338
2018	$751,294	$556,112	$3,205,010	$195,182

AMARILLO ART CENTER ASSOCIATION