ST CLAIR ART ASSOCIATION INC

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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

1972

Legal Domicile

Principal Officer

LORI HANNON

Phone

8103299576

Tax Period

2024-10-01 to 2025-09-30

ST CLAIR ART ASSOCIATION INC, founded in 1972, is a small nonprofit in the Arts, Culture & Humanities sector that reported $121K in total revenue in fiscal year 2024. Revenue fell 56% from the prior year — a significant decline worth monitoring. Net assets of $314K represent 31 months of operating reserves.

Mission

PROMOTE ART AND ARTS EDUCATION IN COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $34,050 Revenue: $43,988

GALLERY

Program 2

Expenses: $28,151 Revenue: $20,292

TOURS AND CLASSES

Program 3

Expenses: $18,911 Revenue: $38,846

ART FAIR

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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 $44,335

Program Service Revenue $59,137

Investment Income $4,276

Other Revenue $12,907

TOTAL REVENUE $120,655

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,972

Fundraising Expenses $0

Program Expenses $81,112

Other Expenses $98,728

TOTAL EXPENSES $127,700

Year-over-Year Comparison

	2024	2023	Change
Revenue	$120,655	$271,294	-0.6%
Expenses	$127,700	$112,380	+0.1%
Net Income	$-7,045	$158,914	-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

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
LORI BARNEY	SECRETARY	N/A	Officer Director	$0	$0	$0
GWENDOLYN BRESINSKI	TREASURER	N/A	Officer Director	$0	$0	$0
MICHELE FAGAN	DIRECTOR	N/A	Director	$0	$0	$0
LORI HANNON	PRESIDENT	N/A	Officer Director	$0	$0	$0
LISA HERMESMEYER	DIRECTOR	N/A	Director	$0	$0	$0
HEATHER HYSLOP	DIRECTOR	N/A	Director	$0	$0	$0
VICKY PATH	DIRECTOR	N/A	Director	$0	$0	$0
PENNELOPE PECK	DIRECTOR	N/A	Director	$0	$0	$0
JOHN STEFFY	DIRECTOR	N/A	Director	$0	$0	$0
JASON STIER	VP	N/A	Officer Director	$0	$0	$0
JESSE WHITE	DIRECTOR	N/A	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	$120,655	$127,700	$321,121	$-7,045
2024	$271,294	$112,380	$325,332	$158,914