WICHITA FALLS, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WICHITA FALLS ART ASSOCIATION, founded in 1949, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $31K in total revenue in fiscal year 2024. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $60K exceeded revenue, resulting in a 92% operating deficit.
Our mission is to promote local artists, to expand cultural horizons, broaden education and enrich the community through appreciation and participation in the visual arts.
Promoting the arts through the annual art battle. The Wichita Falls Art Association held two Art Battle events in 2024. The first event was a local battle held on March 30, 2024, at Legend's...
Promoting the arts through the annual art battle. The Wichita Falls Art Association held two Art Battle events in 2024. The first event was a local battle held on March 30, 2024, at Legend's Roadhouse. FOr this event, there were 12 competitors, 27 volunteers, and artists' guests, with 242 additional attendees.The second event was the Texas State Championship Art Battle held on September 28, 2024, at the J.S. Bridwell Ag Barn at the MPEC. For this event, there were 12 competitors, one pre-show artist, 28 volunteers, and artists' guests, with 295 additional attendees.
The Wichita Falls Art Association Gallery provides a medium in which the public can view visual art forms by local artists, including fine art in all mediums as well as artisan crafted ceramics...
The Wichita Falls Art Association Gallery provides a medium in which the public can view visual art forms by local artists, including fine art in all mediums as well as artisan crafted ceramics, stained glass, mosaics, jewelry, wearable art, and more.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $31,316 | $82,335 | -0.6% |
| Expenses | $60,171 | $69,270 | -0.1% |
| Net Income | $-28,855 | $13,065 | -3.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KIM WARD | President | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| EXA CUNNINGHAM | Vice President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CINDY THOMAS | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JACKIE PHLLIPS | Treasurer | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| DOTTI LESIEUR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DORIS LACKEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ANGELINA SOTO | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DERRICK HOLT III | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $31,316 | $60,171 | $35,675 | $-28,855 |
| 2023 | $82,335 | $69,270 | $64,530 | $13,065 |
| 2022 | $75,768 | $88,873 | $51,465 | $-13,105 |
| 2021 | $64,400 | $48,771 | $64,570 | $15,629 |
Compare WICHITA FALLS ART ASSOCIATION with other nonprofits in Texas and across the country.