BROWN CO ART GALLERY FOUNDATION

EIN: 311000340 501(c)(3) Arts, Culture & Humanities

NASHVILLE, IN

Total Revenue
$689,011
Total Expenses
$298,475
Total Assets
$2,551,261
Net Assets
$2,502,192
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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
1980
Legal Domicile
IN
Principal Officer
LYN LETSINGER MILLER
Phone
8129884609
Tax Period
2024-01-01 to 2024-12-31

BROWN CO ART GALLERY FOUNDATION, founded in 1980, is a small nonprofit in the Arts, Culture & Humanities sector that reported $689K in total revenue in fiscal year 2024. Revenue surged 150% from the prior year, signaling strong growth momentum. The organization ran a surplus of $391K, a strong 57% operating margin.

Mission

ART EDUCATION

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $593,601
Program Service Revenue $0
Investment Income $29,763
Other Revenue $65,647
TOTAL REVENUE $689,011

Expense Breakdown

Grants Paid $0
Salaries & Benefits $86,711
Fundraising Expenses $0
Program Expenses $151,506
Other Expenses $211,764
TOTAL EXPENSES $298,475

Year-over-Year Comparison

2024 2023 Change
Revenue $689,011 $275,679 +1.5%
Expenses $298,475 $278,719 +0.1%
Net Income $390,536 $-3,040 -129.5%
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

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Governance

Voting Members
15
Independent Members
15
Employees
3
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
5
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYN LETSINGER MILLER PRESIDENT AND DIRECTOR 10.00
Officer Director
$0 $0 $0
KIM CORNELIUS DIRECTOR 0.50
Officer Director
$0 $0 $0
CHERYL EYED VICE PRESIDENT AND DIRECTOR 5.00
Officer Director
$0 $0 $0
PAULA SEXTON DIRECTOR 2.00
Director
$0 $0 $0
ROBERT STEVENS DIRECTOR 3.00
Director
$0 $0 $0
BUD TACKETT DIRECTOR 0.50
Director
$0 $0 $0
JIM ROSS DIRECTOR 3.00
Director
$0 $0 $0
BRENDA KELLEY SECRETARY AND DIRECTOR 3.00
Officer Director
$0 $0 $0
DAN KRAFT DIRECTOR 2.00
Director
$0 $0 $0
STEVE MILLER DIRECTOR 1.00
Director
$0 $0 $0
JAMES LEATHERMAN DIRECTOR 0.50
Director
$0 $0 $0
RICHARD HALVORSEN DIRECTOR 0.50
Director
$0 $0 $0
RICHARD PECK TREASURER AND DIRECTOR 3.00
Officer Director
$0 $0 $0
KEVIN AULT DIRECTOR 1.00
Director
$0 $0 $0
JEFF VELDHOF DIRECTOR 0.50
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 $689,011 $298,475 $2,551,261 $390,536
2023 $275,679 $278,719 $2,165,297 $-3,040
2022 $303,336 $240,163 $2,170,749 $63,173
2021 $341,997 $230,859 $2,114,806 $111,138
2020 $204,210 $194,081 $1,995,218 $10,129
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