WINTERSET ART CENTER INC (EIN 237428982) - 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

Legal Domicile

Principal Officer

DAVID NEGLEY

Phone

5154624553

Tax Period

2024-01-01 to 2024-12-31

WINTERSET ART CENTER INC is a small nonprofit that reported $204K in total revenue in fiscal year 2024. Revenue surged 854% from the prior year, signaling strong growth momentum. The organization ran a surplus of $188K, a strong 92% operating margin.

Mission

THE WINTERSET ART CENTER IS DEDICATED TO ART EDUCATION, TO THE HISTORY AND PRESERVATION OF LOCAL ART AND ARTISTS, AND TO THE PROMOTION OF ARTISTIC ENDEAVOR IN WINTERSET, MADISON COUNTY, AND THE STATE OF IOWA.

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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 $192,661

Program Service Revenue $8,197

Investment Income $3,244

Other Revenue $0

TOTAL REVENUE $204,102

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $903

Program Expenses $14,852

Other Expenses $15,755

TOTAL EXPENSES $15,755

Year-over-Year Comparison

	2024	2023	Change
Revenue	$204,102	$21,400	+8.5%
Expenses	$15,755	N/A	N/A
Net Income	$188,347	$21,400	+7.8%

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

N/A

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
DAVID NEGLEY	Chairman	4.00	Director	$0	$0	$0
VICKI JACKSON	Director	4.00	Director	$0	$0	$0
ETHEL LEE OSBORN-TUCKER	Secretary	8.00	Director	$0	$0	$0
MARK DAVIS	Director	8.00	Director	$0	$0	$0
JIM NELSON	Director	4.00	Director	$0	$0	$0
LORI BRANDT	Director	8.00	Director	$0	$0	$0
BRAD HANSEN	Vice Chairman	8.00	Director	$0	$0	$0
CHERYL HANSEN	Director	8.00	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
2024	$204,102	$15,755	$275,527	$188,347

WINTERSET ART CENTER INC