POLK ARTS ALLIANCE INC (EIN 300264417) - 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

DARYL WARD

Phone

8638040494

Tax Period

2023-10-01 to 2024-09-30

POLK ARTS ALLIANCE INC, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $251K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $231K left a modest 8% surplus.

Mission

POLK ARTS ALLIANCE IS THE DESIGNATED LOCAL ARTS AGENCY FOR POLK 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 (2023)

Revenue Breakdown

Contributions & Grants $167,724

Program Service Revenue $82,917

Investment Income $46

Other Revenue $0

TOTAL REVENUE $250,687

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,590

Fundraising Expenses $0

Program Expenses $183,836

Other Expenses $166,302

TOTAL EXPENSES $230,892

Year-over-Year Comparison

	2023	2022	Change
Revenue	$250,687	$188,514	+0.3%
Expenses	$230,892	$191,760	+0.2%
Net Income	$19,795	$-3,246	-7.1%

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

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

$50,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLEY BELL BARNET	DIRECTOR	1.00	Director	$0	$0	$0
KEMP BRINSON	DIRECTOR	1.00	Director	$0	$0	$0
BETSY BOHRER	DIRECTOR	1.00	Director	$0	$0	$0
NATE DUNHAM	DIRECTOR	1.00	Director	$0	$0	$0
MICHELL GITHENS	DIRECTOR	1.00	Director	$0	$0	$0
MERISSA GREEN	DIRECTOR	1.00	Director	$0	$0	$0
FRED HEID	DIRECTOR	1.00	Director	$0	$0	$0
KIRSTEN HEIN	DIRECTOR	1.00	Director	$0	$0	$0
JARET LANDON	DIRECTOR	1.00	Director	$0	$0	$0
ERIC MARSHALL	DIRECTOR	1.00	Director	$0	$0	$0
SARA MCCARLEY	DIRECTOR	1.00	Director	$0	$0	$0
CRYSTAL NORMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
MARTHA SANTIAGO	DIRECTOR	1.00	Director	$0	$0	$0
AMY SEXSON	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA TYRONE	DIRECTOR	1.00	Director	$0	$0	$0
DARYL WARD	EXECUTIVE DIRECTOR	40.00	Officer	$50,000	$0	$50,000

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	$250,687	$230,892	$147,433	$19,795

POLK ARTS ALLIANCE INC