NORTHERN OHIO FINE ARTS FUND (EIN 237204385) - 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

HOMER CHISHOLM

Phone

2168709225

Tax Period

2022-08-01 to 2023-07-31

NORTHERN OHIO FINE ARTS FUND, founded in 1972, is a small nonprofit in the Arts, Culture & Humanities sector that reported $118K in total revenue in fiscal year 2022. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $31K, a strong 26% operating margin.

Mission

SUPPORT OF FINE ARTS ASSOCIATION

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $118,070

Other Revenue $0

TOTAL REVENUE $118,070

Expense Breakdown

Grants Paid $75,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $75,000

Other Expenses $12,408

TOTAL EXPENSES $87,408

Year-over-Year Comparison

	2022	2021	Change
Revenue	$118,070	$82,044	+0.4%
Expenses	$87,408	$82,044	+0.1%
Net Income	$30,662	N/A	N/A

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
HOMER CHISHOLM	PRESIDENT	1.00	Officer Director	$0	$0	$0
PETER NORDELL	DIRECTOR	1.00	Director	$0	$0	$0
BRYON PIKE	VICE PRES/ T	1.00	Officer Director	$0	$0	$0
ROBERT RANALLO	SECRETARY	1.00	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
2023	$118,070	$87,408	$1,807,318	$30,662
2022	$82,044	$82,044	$1,772,661	No data
2021	$225,683	$97,824	$2,143,276	$127,859
2020	$82,746	$72,843	$1,807,292	$9,903
2019	$60,815	$70,595	$1,758,908	$-9,780
2018	$173,802	$68,304	$1,740,288	$105,498

NORTHERN OHIO FINE ARTS FUND