ARTS COUNCIL OF INDIANAPOLIS INC

EIN: 311225893 501(c)(3) Arts, Culture & Humanities

INDIANAPOLIS, IN

Total Revenue
$4,903,445
Total Expenses
$6,312,251
Total Assets
$8,946,361
Net Assets
$7,125,895
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
IN
Principal Officer
JUDITH B THOMAS
Phone
3176313301
Tax Period
2024-01-01 to 2024-12-31

ARTS COUNCIL OF INDIANAPOLIS INC, founded in 1987, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.9M in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $6.3M exceeded revenue, resulting in a 29% operating deficit.

Mission

TO CHAMPION ARTS AND CULTURE. WE'RE WORKING TO HELP OUR LOCAL ARTS SCENE THRIVE, WHICH MEANS WE ADVOCATE FOR COMMUNITY FUNDING AND SUPPORTAND WE CONNECT ARTISTS TO AUDIENCES IN HOPES THAT EVERYONE IN CENTRAL INDIANA WHO WANTS TO CAN EXPERIENCE THE ARTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,922,637
Program Service Revenue $554,307
Investment Income $192,716
Other Revenue $233,785
TOTAL REVENUE $4,903,445

Expense Breakdown

Grants Paid $2,759,601
Salaries & Benefits $1,435,472
Fundraising Expenses $165,606
Program Expenses $5,564,606
Other Expenses $2,117,178
TOTAL EXPENSES $6,312,251

Year-over-Year Comparison

2024 2023 Change
Revenue $4,903,445 $7,056,949 -0.3%
Expenses $6,312,251 $4,627,662 +0.4%
Net Income $-1,408,806 $2,429,287 -1.6%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
17
Independent Members
17
Employees
18
Volunteers
29

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
7
$204,260
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRENDA HORN CHAIR 3.00
Officer Director
$0 $0 $0
KAREN KENNELLY TREASURER 3.00
Officer Director
$0 $0 $0
KAREN ALTER VICE CHAIR 3.00
Officer Director
$0 $0 $0
GREGG JASON NOYAN SECRETARY 3.00
Officer Director
$0 $0 $0
TANYA STUART OVERDORF IMMEDIATE PAST CHAIR 3.00
Officer Director
$0 $0 $0
BROOKE BARNETT DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL HULKA DIRECTOR 1.00
Director
$0 $0 $0
SHAWN MULHOLLAND DIRECTOR 1.00
Director
$0 $0 $0
DAVID NIE DIRECTOR 1.00
Director
$0 $0 $0
JILL HAUSER ROBISCH DIRECTOR 1.00
Director
$0 $0 $0
DESERI GARCIA DIRECTOR 1.00
Director
$0 $0 $0
MONIKA MALA DIRECTOR 1.00
Director
$0 $0 $0
PATRICK TALTY DIRECTOR 1.00
Director
$0 $0 $0
GREG WALLIS DIRECTOR 1.00
Director
$0 $0 $0
ADRIENNE SIMS DIRECTOR 1.00
Director
$0 $0 $0
SARAH HEMPSTEAD DIRECTOR 1.00
Director
$0 $0 $0
ALEESIA JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
BRYCE BENNETT ADVISOR 1.00
Director
$0 $0 $0
DAN APPEL ADVISOR 1.00
Director
$0 $0 $0
FRANK BASILE ADVISOR 1.00
Director
$0 $0 $0
BARBARA BRANIC ADVISOR 1.00
Director
$0 $0 $0
ADAM CHAVERS ADVISOR 1.00
Director
$0 $0 $0
TED GIVENS ADVISOR 1.00
Director
$0 $0 $0
MICHAEL HUBER ADVISOR 1.00
Director
$0 $0 $0
STAN HURT ADVISOR 1.00
Director
$0 $0 $0
ERIK JOHNSON ADVISOR 1.00
Director
$0 $0 $0
KRISTA SKIDMORE ADVISOR 1.00
Director
$0 $0 $0
MARK VARNAU ADVISOR 1.00
Director
$0 $0 $0
SUSAN WILLIAMS ADVISOR 1.00
Director
$0 $0 $0
JULIE GOODMAN PAST PRESIDENT & CEO 40.00
Officer
$175,762 $19,847 $195,609
MOLLY CHAVERS INTERIM PRESIDENT & CEO 40.00
Officer
$8,651 $0 $8,651
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 $4,903,445 $6,312,251 $8,946,361 $-1,408,806
2023 $7,056,949 $4,627,662 $10,308,474 $2,429,287
2022 $4,531,851 $6,201,389 $7,296,643 $-1,669,538
2021 $5,263,250 $10,521,817 $8,597,633 $-5,258,567
2020 $15,043,217 $8,972,828 $13,469,464 $6,070,389
Explore More Nonprofits
→Top 100 Nonprofits in Indiana →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare ARTS COUNCIL OF INDIANAPOLIS INC with other nonprofits in Indiana and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.