THE ART CENTER (EIN 237065452) - 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

1969

Legal Domicile

Principal Officer

THOMAS MATTHEWS

Phone

5864698666

Tax Period

2023-10-01 to 2024-09-30

THE ART CENTER, founded in 1969, is a small nonprofit that reported $515K in total revenue in fiscal year 2023. Expenses of $483K left a modest 6% surplus.

Mission

TO ENRICH AND INSPIRE THE LIVES OF MACOMB COUNTY RESIDENTS AND VISITORS OF ALL AGES, THROUGH THE INFUSION OF THE ARTS INTO EVERYDAY LIFE

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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 (2023)

Revenue Breakdown

Contributions & Grants $240,044

Program Service Revenue $195,571

Investment Income $26,525

Other Revenue $52,524

TOTAL REVENUE $514,664

Expense Breakdown

Grants Paid $0

Salaries & Benefits $162,767

Fundraising Expenses $14,564

Program Expenses $238,463

Other Expenses $320,394

TOTAL EXPENSES $483,161

Year-over-Year Comparison

	2023	2022	Change
Revenue	$514,664	$507,400	+0.0%
Expenses	$483,161	$540,871	-0.1%
Net Income	$31,503	$-33,471	-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

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

$33,675

Total Directors

$33,675

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRI NORTH	TRUSTEE	4.00	Director	$0	$0	$0
THOMAS MATTHEWS	EXECUTIVE DI	40.00	Officer Director	$33,675	$0	$33,675
MARK SANDRI	TREASURER	4.00	Officer	$0	$0	$0
JEANNE SCHABATH-LEWIS	SECRETARY	4.00	Director	$0	$0	$0
LAURA FOURNIER	TRUSTEE	20.00	Director	$0	$0	$0
SAN JUANITA BARAJAS	TRUSTEE	4.00	Director	$0	$0	$0
MICHAEL DAITCH	TRUSTEE	4.00	Director	$0	$0	$0
DAVID GALLI	TRUSTEE	4.00	Director	$0	$0	$0
JENCLARE GAWARAN	TRUSTEE	4.00	Director	$0	$0	$0
MALEA HOWARD	TRUSTEE	4.00	Director	$0	$0	$0
KELLEY LOVATI	TRUSTEE	4.00	Director	$0	$0	$0
KIM RITTER	TRUSTEE	4.00	Director	$0	$0	$0
KATHRYN DIMOND	TRUSTEE	4.00	Officer Director	$0	$0	$0
DAVID SERIO	TRUSTEE	4.00	Officer	$0	$0	$0
SANDRA TORNBERG	PRESIDENT	4.00	Officer	$0	$0	$0
PAT WOODSTOCK	TRUSTEE	4.00	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	$514,664	$483,161	$1,132,278	$31,503
2023	$507,400	$540,871	$1,106,999	$-33,471
2022	$466,078	$606,218	$1,122,650	$-140,140
2021	$546,243	$449,073	$1,258,238	$97,170
2020	$406,100	$464,977	$1,212,221	$-58,877
2019	$429,719	$504,451	$1,238,909	$-74,732
2018	$569,334	$435,682	$1,305,742	$133,652

THE ART CENTER