THE DAYTON ART INSTITUTE (EIN 310537480) - 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

1919

Legal Domicile

Principal Officer

MICHAEL R ROEDIGER

Phone

9372235277

Tax Period

2023-01-01 to 2023-12-31

THE DAYTON ART INSTITUTE, founded in 1919, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.8M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $8.6M exceeded revenue, resulting in a 48% operating deficit.

Mission

CREATING MEANINGFUL EXPERIENCES WITH ART

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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 $4,280,079

Program Service Revenue $977,832

Investment Income $621,957

Other Revenue $-80,549

TOTAL REVENUE $5,799,319

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,375,030

Fundraising Expenses $166,472

Program Expenses $6,902,342

Other Expenses $4,182,946

TOTAL EXPENSES $8,557,976

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,799,319	$4,247,921	+0.4%
Expenses	$8,557,976	$7,875,179	+0.1%
Net Income	$-2,758,657	$-3,627,258	-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

156

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

$611,923

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL ROEDIGER	DIRECTOR AND CEO	40.00	Officer	$243,742	$12,611	$256,353
JERRY SMITH	CHIEF CURATOR	40.00	Officer	$189,665	$18,656	$208,321
KIMBERLY SPURGEON	VP FINANCE & OPERATIONS	40.00	Officer	$129,752	$17,497	$147,249
ELAINE GOUNARIS	DIRECTOR OF DEVELOPMENT	40.00	Highest	$114,439	$15,610	$130,049
MICHAEL GRIEST	EXTERNAL AFFAIRS DIRECTOR	40.00	Highest	$115,862	$3,006	$118,868
LINDA BLACK-KUREK	TRUSTEE	1.00	Director	$0	$0	$0
LINDA CARON PHD	TRUSTEE	1.00	Director	$0	$0	$0
LISA COKER	TRUSTEE	1.00	Director	$0	$0	$0
MARK CONWAY	TRUSTEE	1.00	Director	$0	$0	$0
RENATE FRYDMAN	TRUSTEE	1.00	Director	$0	$0	$0
RACHEL GOODSPEED	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN HILL	TRUSTEE	1.00	Director	$0	$0	$0
AMY LEI	TRUSTEE	1.00	Director	$0	$0	$0
DR JEFFREY MIKUTIS	TRUSTEE	1.00	Director	$0	$0	$0
JEFF PIZZA	TRUSTEE	1.00	Director	$0	$0	$0
KRIS ROSSI	TRUSTEE	1.00	Director	$0	$0	$0
KAREN SPINA	TRUSTEE	1.00	Director	$0	$0	$0
SALLY STRUTHERS	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY WOESTE	TRUSTEE	1.00	Director	$0	$0	$0
DANYELLE WRIGHT	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL DAVIS	CHAIR	1.00	Officer Director	$0	$0	$0
MARK SHAKER	TREASURER	1.00	Officer Director	$0	$0	$0
DEBBIE WATTS ROBINSON	SECRETARY	1.00	Officer Director	$0	$0	$0
STACEY LAWSON	VICE CHAIR	1.00	Officer 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	$5,799,319	$8,557,976	$34,925,608	$-2,758,657
2022	$4,247,921	$7,875,179	$34,870,022	$-3,627,258
2021	$5,850,007	$6,396,733	$42,942,635	$-546,726
2020	$4,803,265	$5,955,482	$40,748,654	$-1,152,217
2019	$6,300,618	$5,945,214	$40,513,600	$355,404
2018	$6,627,794	$5,019,075	$37,570,959	$1,608,719

THE DAYTON ART INSTITUTE