CITRUS COUNTY ART LEAGUE INC (EIN 237377991) - 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

1973

Legal Domicile

Principal Officer

KARRIE MAST

Phone

3527467606

Tax Period

2024-09-01 to 2025-08-31

CITRUS COUNTY ART LEAGUE INC, founded in 1973, is a small nonprofit in the Arts, Culture & Humanities sector that reported $169K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $187K exceeded revenue, resulting in a 11% operating deficit.

Mission

EDUCATIONAL OPPORTUNITIES TO THE COMMUNITY, WHILE ALSO ADVANCING THE ARTS IN CITRUS COUNTY FLORIDA.

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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 $23,958

Program Service Revenue $141,236

Investment Income $2,784

Other Revenue $734

TOTAL REVENUE $168,712

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,054

Fundraising Expenses $0

Program Expenses $137,780

Other Expenses $135,118

TOTAL EXPENSES $187,172

Year-over-Year Comparison

	2024	2023	Change
Revenue	$168,712	$190,820	-0.1%
Expenses	$187,172	$206,895	-0.1%
Net Income	$-18,460	$-16,075	+0.1%

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

300

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
KARRIE MAST	PRESIDENT	15.00	Officer Director	$0	$0	$0
MARYBETH VAN SICKLE	PERFORMING ARTS CHAIR	5.00	Officer Director	$0	$0	$0
LORETTA BELL	VISUAL ARTS CHAIR	5.00	Officer Director	$0	$0	$0
KRISTI HILL	TREASURER	5.00	Officer Director	$0	$0	$0
KAREN VONA-MACDONALD	PERFORMING ARTS ADMINISTRATOR	5.00	Officer Director	$0	$0	$0
MARY ANN GILFILLAN	PHOTOGRAPHIC ARTS	5.00	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
2025	$168,712	$187,172	$1,397,448	$-18,460
2024	$190,820	$206,895	$1,433,000	$-16,075
2023	$175,668	$216,866	$1,464,889	$-41,198
2022	$177,180	$174,188	$1,521,632	$2,992
2021	$132,125	$138,007	$1,532,502	$-5,882
2020	$101,043	$149,852	$1,547,827	$-48,809
2018	$205,775	$202,817	$1,538,669	$2,958

CITRUS COUNTY ART LEAGUE INC