ART CULTURE AND ENTERTAINMENT INC

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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

2009

Legal Domicile

Principal Officer

MARY HENRIQUES

Phone

8502934822

Tax Period

2023-10-01 to 2024-09-30

ART CULTURE AND ENTERTAINMENT INC, founded in 2009, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

RECEIVES STATE, COUNTY, CITY, AND PERSONAL FUNDS TO DISPERSE THROUGH AN EQUITABLE GRANTING PROCESS TO ARTS, CULTURE, AND ENTERTAINMENT ORGANIZATIONS THROUGHOUT ESCAMBIA COUNTY, FL.

Program Service Accomplishments

Program 1

Expenses: $492,180

RECEIVED, ACCOUNTED FOR, AND DISBURSED GRANTS TO QUALIFIED ORGANIZATIONS PROVIDING ART AND CULTURE PROGRAMS AND ACTIVITIES AND THE GENERAL PUBLIC THROUGHOUT ESCAMBIA COUNTY, FL.

Program 2

Expenses: $1,249,685

CULTURAL TOURISM - WHICH INCLUDES (1) AN ORGANIZED FOO FOO FEST, A 12 DAY CELEBRATION OF EXISTING AND NEW CULTURALLY CREATIVE HAPPENINGS AND EVENTS DESIGNED TO PROMOTE TOURISM IN ESCAMBIA COUNTY, FL; AND (2)A MARKETING CAMPAIGN TITLED "VACATION ARTFULLY" DESIGNED TO PROMOTE TOURISM IN THE REGION.

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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 $1,788,153

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,788,153

Expense Breakdown

Grants Paid $879,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,741,865

Other Expenses $889,928

TOTAL EXPENSES $1,769,428

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,788,153	$1,949,065	-0.1%
Expenses	$1,769,428	$1,944,657	-0.1%
Net Income	$18,725	$4,408	+3.2%

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

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
MARY HENRIQUES	PRESIDENT	N/A	Officer Director	$0	$0	$0
MATT DAVIS	TREASURER	N/A	Officer Director	$0	$0	$0
BRIGETTE BROOKS	SECRETARY	N/A	Officer Director	$0	$0	$0
THERESE MCKENZIE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
BOB SCHUSTER	DIRECTOR	N/A	Director	$0	$0	$0
ELECTRA HARTSFIELD	DIRECTOR	N/A	Director	$0	$0	$0
EMILY MITCHELL	DIRECTOR	N/A	Director	$0	$0	$0
JOE VINSON	DIRECTOR	N/A	Director	$0	$0	$0
MARIA V GOLDBERG	DIRECTOR	N/A	Director	$0	$0	$0
RICK HARPER	DIRECTOR	N/A	Director	$0	$0	$0
LINDA BRENT	DIRECTOR	N/A	Director	$0	$0	$0
JEFF BROOKS	DIRECTOR	N/A	Director	$0	$0	$0
DEBBIE DOUMA	DIRECTOR	N/A	Director	$0	$0	$0
LINDSAY FLEEGE	DIRECTOR	N/A	Director	$0	$0	$0
MARNY NEEDLE	DIRECTOR	N/A	Director	$0	$0	$0
VICKY WONDERS	DIRECTOR	N/A	Director	$0	$0	$0
MICHELLE ORTIZ MIGUEZ	DIRECTOR	N/A	Director	$0	$0	$0
TRANG TAYLOR	DIRECTOR	N/A	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	$1,788,153	$1,769,428	$97,341	$18,725
2023	$1,949,065	$1,944,657	$46,176	$4,408
2022	$1,390,631	$1,423,274	$43,453	$-32,643
2021	$1,084,283	$1,085,950	$146,996	$-1,667
2020	$561,801	$529,341	$77,763	$32,460