HEATH COMMUNITY ARTS COUNCIL (EIN 311734017) - 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

2000

Legal Domicile

Principal Officer

DENISE SWARTZ

Phone

7407888942

Tax Period

2023-01-01 to 2023-12-31

HEATH COMMUNITY ARTS COUNCIL, founded in 2000, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $68K in total revenue in fiscal year 2023. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $142K exceeded revenue, resulting in a 109% operating deficit.

Mission

MANAGE THE DAVIS-SHAI HOUSE AS A CENTER FOR THE ARTS; PRESERVING AND PROMOTING HISTORICAL SIGNIFICANCE OF THE AREA THROUGH ENTERTAINMENT AND 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $187

Program Service Revenue $57,075

Investment Income $326

Other Revenue $10,401

TOTAL REVENUE $67,989

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,442

Fundraising Expenses $10,039

Program Expenses $105,521

Other Expenses $89,636

TOTAL EXPENSES $142,078

Year-over-Year Comparison

	2023	2022	Change
Revenue	$67,989	$142,178	-0.5%
Expenses	$142,078	$178,679	-0.2%
Net Income	$-74,089	$-36,501	+1.0%

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

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

$40,000

Total Directors

$40,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE SWARTZ	EXECUTIVE DI	40.00	Officer Director	$40,000	$0	$40,000
CAROLYN BROYLES	BOARD MEMBER	0.50	Director	$0	$0	$0
KAT FIELDS	SECRETARY	0.50	Officer Director	$0	$0	$0
HOLLY SHAI	BOARD MEMBER	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	No data	No data	No data	No data
2023	$67,989	$142,078	$1,133,883	$-74,089
2022	$142,178	$178,679	$1,208,445	$-36,501
2021	$119,814	$142,211	$1,244,519	$-22,397
2020	$73,404	$120,207	$1,266,893	$-46,803
2019	$118,599	$179,375	$1,315,200	$-60,776
2018	$104,392	$154,588	$1,375,047	$-50,196

HEATH COMMUNITY ARTS COUNCIL