HENDERSON AREA ARTS ALLIANCE INC

EIN: 311005619 501(c)(3) Arts, Culture & Humanities

HENDERSON, KY

Total Revenue
$322,909
Total Expenses
$382,554
Total Assets
$50,974
Net Assets
$49,469
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
KY
Principal Officer
NATALIE SINGER
Phone
2708265916
Tax Period
2023-07-01 to 2024-06-30

HENDERSON AREA ARTS ALLIANCE INC, founded in 1979, is a small nonprofit in the Arts, Culture & Humanities sector that reported $323K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $383K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROVIDE FUNDING AND SERVICES TO SUPPORT AND FOSTER AN ENVIRONMENT IN WHICH THE ARTS CAN THRIVE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $188,911
Program Service Revenue $133,651
Investment Income $347
Other Revenue $0
TOTAL REVENUE $322,909

Expense Breakdown

Grants Paid $0
Salaries & Benefits $94,268
Fundraising Expenses $0
Program Expenses $331,517
Other Expenses $288,286
TOTAL EXPENSES $382,554

Year-over-Year Comparison

2023 2022 Change
Revenue $322,909 $279,811 +0.2%
Expenses $382,554 $345,324 +0.1%
Net Income $-59,645 $-65,513 -0.1%
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

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Governance

Voting Members
14
Independent Members
14
Employees
2
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
4
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM HOBBS PRESIDENT N/A
Officer Director
$0 $0 $0
WALKER BRUNNER VICE-PRESIDE N/A
Officer Director
$0 $0 $0
CELESTE RUST TREASURER N/A
Officer Director
$0 $0 $0
CLAY GILLHAM SECRETARY N/A
Officer Director
$0 $0 $0
JESSICA BEAVEN DIRECTOR N/A
Director
$0 $0 $0
SHERRY CHANDLER DIRECTOR N/A
Director
$0 $0 $0
DANA HARVEY DIRECTOR N/A
Director
$0 $0 $0
LESLIE HOSKINS DIRECTOR N/A
Director
$0 $0 $0
CHARLES JOHNSON DIRECTOR N/A
Director
$0 $0 $0
LISA LESLIE DIRECTOR N/A
Director
$0 $0 $0
STEVE MCCARTY DIRECTOR N/A
Director
$0 $0 $0
MEGAN MORTIS DIRECTOR N/A
Director
$0 $0 $0
DORSEY RIDLEY DIRECTOR N/A
Director
$0 $0 $0
DR JASON WARREN DIRECTOR N/A
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 $322,909 $382,554 $50,974 $-59,645
2023 $279,811 $345,324 $99,875 $-65,513
2022 $255,114 $319,712 $164,813 $-64,598
2021 $136,478 $114,220 $253,286 $22,258
2020 $118,070 $347,291 $246,571 $-229,221
2019 $508,042 $445,562 $446,883 $62,480
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