Ann Arbor Art Association (EIN 237205537) - 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

1909

Legal Domicile

Principal Officer

Jenn Cornell Queen

Phone

7349948004

Tax Period

2024-01-01 to 2024-12-31

Ann Arbor Art Association, founded in 1909, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Net assets of $3.8M represent 26 months of operating reserves.

Mission

To be a contemporary forum for the visual arts through education, exploration, collaboration and exhibition, and to engage minds,expand perspectives and inspire growth.

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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 $677,002

Program Service Revenue $800,857

Investment Income $5,931

Other Revenue $259,617

TOTAL REVENUE $1,743,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $825,204

Fundraising Expenses $175,934

Program Expenses $1,365,235

Other Expenses $934,762

TOTAL EXPENSES $1,759,966

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,743,407	$1,477,936	+0.2%
Expenses	$1,759,966	$1,511,212	+0.2%
Net Income	$-16,559	$-33,276	-0.5%

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

$123,867

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matthew Bower	Chair	1.00	Officer Director	$0	$0	$0
Chrislan Manuel	Chair Emeritus	1.00	Officer Director	$0	$0	$0
Peter Baker	Vice Chair	1.00	Officer Director	$0	$0	$0
Andy Stillman	Treasurer	1.00	Officer Director	$0	$0	$0
Stephen Palms	Secretary	1.00	Officer Director	$0	$0	$0
Adam Linkner	Director	1.00	Director	$0	$0	$0
Al McWilliams	Director	1.00	Director	$0	$0	$0
Jay Mullick	Director	1.00	Director	$0	$0	$0
Rishi Narayan	Director	1.00	Director	$0	$0	$0
Marianetta Porter	Director	1.00	Director	$0	$0	$0
Jim Simpson	Director	1.00	Director	$0	$0	$0
Linh Song	Director	1.00	Director	$0	$0	$0
Michael Watts	Director	1.00	Director	$0	$0	$0
Yujia Zhou	Director	1.00	Director	$0	$0	$0
Jenn Cornell Queen	Executive Director	40.00	Officer	$117,930	$5,937	$123,867

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	$1,743,407	$1,759,966	$4,056,470	$-16,559
2023	$1,477,936	$1,511,212	$4,073,518	$-33,276
2022	$1,595,540	$1,226,258	$4,251,173	$369,282
2021	$2,251,319	$1,324,052	$3,961,108	$927,267
2020	$762,401	$572,527	$3,570,259	$189,874
2020	$1,787,495	$1,126,138	$3,527,483	$661,357
2019	$1,497,112	$1,148,601	$3,988,399	$348,511
2018	$1,392,920	$1,079,075	$3,828,243	$313,845

Ann Arbor Art Association