LE MARS ARTS COUNCIL INC (EIN 237176053) - 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

1972

Legal Domicile

Principal Officer

PERRY BORCHARD

Phone

7125467544

Tax Period

2023-07-01 to 2024-06-30

LE MARS ARTS COUNCIL INC, founded in 1972, is a small nonprofit in the Arts, Culture & Humanities sector that reported $153K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $140K left a modest 9% surplus.

Mission

TO PROVIDE ART EDUCATION AND VIEWING

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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 $99,632

Program Service Revenue $52,586

Investment Income $1,202

Other Revenue $0

TOTAL REVENUE $153,420

Expense Breakdown

Grants Paid $2,249

Salaries & Benefits $82,103

Fundraising Expenses $2,565

Program Expenses $115,984

Other Expenses $55,802

TOTAL EXPENSES $140,154

Year-over-Year Comparison

	2023	2022	Change
Revenue	$153,420	$119,193	+0.3%
Expenses	$140,154	$107,734	+0.3%
Net Income	$13,266	$11,459	+0.2%

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

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	Role	Reportable Comp	Other Comp	Total
MARY RENKEN	DIRECTOR	Director	$0	$0	$0
MICHELLE TAYLOR	DIRECTOR	Director	$0	$0	$0
KIM TREINEN	DIRECTOR	Director	$0	$0	$0
KAY LUCKETT	DIRECTOR	Director	$0	$0	$0
NANCY THOMA	SECRETARY	Officer	$0	$0	$0
MICHAEL WELLS	PRESIDENT	Officer	$0	$0	$0
WAYNE SCHLOTFELDT	VICE PRESIDENT	Officer	$0	$0	$0
PERRY BORCHARD	TREASURER	Officer	$0	$0	$0
ANNIE LAURSEN	DIRECTOR	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	$153,420	$140,154	$148,839	$13,266
2023	$119,193	$107,734	$54,280	$11,459
2022	$109,963	$116,193	$45,696	$-6,230
2021	$111,506	$99,047	$49,640	$12,459
2020	$144,881	$147,823	$30,228	$-2,942
2019	$181,066	$180,525	$37,328	$541

LE MARS ARTS COUNCIL INC