NEW BRAUNFELS ART LEAGUE

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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

1981

Legal Domicile

Principal Officer

MARCIE HELMKE

Phone

8306298022

Tax Period

2024-01-01 to 2024-12-31

NEW BRAUNFELS ART LEAGUE, founded in 1981, is a small nonprofit that reported $241K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $275K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROMOTE VISUAL ARTS IN NEEW BRAUNFELS, TEXAS; TO EDUCATE THE COMMUNITY ABOUT ART; TO SHARE THE ARTS WITH EACH OTHER AND THE COMMUNITY; TO ALLOW ACCESS TO TEACHERS, WORKSHOPS, CLASSES, FIELD TRIPS, LIBRARY, GALLERY AND THE COMPANIONSHIP AND IDEAS OF OTHER ARTISTS; TO PROMOTE THE VISUAL ARTS TO CHILDREN AND ADULTS; AND TO CONTRIBUTE TOWARDS MAKING NEW BRAUNFELS A CULTURAL ART CENTER

Program Service Accomplishments

Program 1

Expenses: $236,836 Revenue: $228,910

LEAGUE PRODUCES NEWSLETTERS TO 350+ MEMBERS, PRODUCES SEVERAL ART SHOWS EACH YEAR FOR 60-80 ARTISTS TO PARTICIPATE AND APPROXIMATELY 3,000 PEOPLE VIEW THE VARIOUS SHOWS. LEAGUE PRODUCED A PLEIN AIR WEEK LONG ART CONTEST OPEN TO ARTISTS AROUND THE COUNTRY AND HOSTED A PUBLIC RECEPTION/VIEWING FOR THE PUBLIC TO STIMULTE THE PUBLIC'S INTEREST IN ART.

Program 2

ANNUAL SCHOLARSHIPS ARE AWARDED TO HIGH SCHOOL GRADUATING SENIORS UPON REGISTRATION IN COLLEGE OR ART SCHOOL. AWARDS ARE MADE BASED UPON REVIEW BY COMMITTEE MEMBERS

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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 $37,593

Program Service Revenue $191,314

Investment Income $12,523

Other Revenue $0

TOTAL REVENUE $241,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $236,836

Other Expenses $274,520

TOTAL EXPENSES $274,520

Year-over-Year Comparison

	2024	2023	Change
Revenue	$241,430	$269,533	-0.1%
Expenses	$274,520	$224,442	+0.2%
Net Income	$-33,090	$45,091	-1.7%

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
JEANNE BALKMAN	SECRETARY	N/A	Officer Director	$0	$0	$0
ELAINE FELDER	PRESIDENT EM	N/A	Officer Director	$0	$0	$0
GRETCHEN GOODE	3RD VICE PRE	N/A	Officer Director	$0	$0	$0
MARY K HAMMOND	PRESIDENT	N/A	Officer Director	$0	$0	$0
MARCIE HELMKE	TREASURER	N/A	Officer Director	$0	$0	$0
VICKI HOUSTON	1ST VICE PRE	N/A	Officer Director	$0	$0	$0
LARRY JOHNSON	PARLIAMENTAR	N/A	Officer Director	$0	$0	$0
CHASE MILES WILLETT	ASSISTANT TR	N/A	Officer 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
2024	$241,430	$274,520	$583,927	$-33,090
2023	$269,533	$224,442	$599,750	$45,091
2022	$200,837	$210,926	$546,521	$-10,089
2021	$203,434	$191,809	$594,759	$11,625
2020	$159,371	$155,467	$537,471	$3,904
2019	$248,518	$223,507	$531,017	$25,011
2018	$209,118	$189,696	$509,339	$19,422