MACKINAC ARTS COUNCIL (EIN 300189164) - 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

2003

Legal Domicile

Principal Officer

MARK WARE

Phone

9069844124

Tax Period

2023-01-01 to 2023-12-31

MACKINAC ARTS COUNCIL, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $358K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $322K left a modest 10% surplus.

Mission

THE MACKINAC ARTS COUNCIL CREATES, SUPPORTS, AND PROMOTES THE ARTS TO ENRICH THE LIVES OF PEOPLE VISITING, WORKING, AND LIVING ON MACKINAC ISLAND.

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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 $349,881

Program Service Revenue $4,688

Investment Income $3,579

Other Revenue $0

TOTAL REVENUE $358,148

Expense Breakdown

Grants Paid $2,962

Salaries & Benefits $111,469

Fundraising Expenses $50

Program Expenses $270,531

Other Expenses $207,501

TOTAL EXPENSES $321,932

Year-over-Year Comparison

	2023	2022	Change
Revenue	$358,148	$324,966	+0.1%
Expenses	$321,932	$281,752	+0.1%
Net Income	$36,216	$43,214	-0.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK WARE	PRESIDENT	20.00	Officer Director	$0	$0	$0
KATHRYN RADO	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
SAM BARNWELL	TREASURER	20.00	Officer Director	$0	$0	$0
KRIS FAULK	2023 SECRETA	10.00	Officer Director	$0	$0	$0
JERI LYNN BAILEY	BOARD MEMBER	5.00	Director	$0	$0	$0
BECKI BARNWELL	BOARD MEMBER	5.00	Director	$0	$0	$0
JOHN JONES	BOARD MEMBER	5.00	Director	$0	$0	$0
LESLIE BENSER LUCIANI	2023 BOARD M	5.00	Director	$0	$0	$0
TAYLOR MARTIN	BOARD MEMBER	5.00	Director	$0	$0	$0
DOMINICK MILLER	2023 BOARD M	5.00	Director	$0	$0	$0
KATIE REARICK	2023 BOARD M	5.00	Director	$0	$0	$0
JENNIFER WOHLETZ	BOARD MEMBER	5.00	Director	$0	$0	$0
GLEN YOUNG	BOARD MEMBER	5.00	Director	$0	$0	$0
ANN LEVY	BOARD MEMBER	5.00	Director	$0	$0	$0
SUZE OOSTENDORP	BOARD MEMBER	5.00	Director	$0	$0	$0
LIZ WARE	BOARD MEMBER	5.00	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	No data	No data	No data	No data
2023	$358,148	$321,932	$425,771	$36,216
2022	$324,966	$281,752	$348,392	$43,214
2021	$241,515	$249,772	$345,481	$-8,257
2020	$211,058	$107,476	$316,289	$103,582
2019	$253,351	$210,571	$194,671	$42,780

MACKINAC ARTS COUNCIL