THE ARTS COMMISSION OF GREATER TOLEDO I (EIN 341358701) - 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

1959

Legal Domicile

Principal Officer

MARC FOLK

Phone

4192542787

Tax Period

2023-01-01 to 2023-12-31

THE ARTS COMMISSION OF GREATER TOLEDO I, founded in 1959, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.6M in total revenue in fiscal year 2023. Revenue surged 96% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 22% operating margin.

Mission

TO DEVELOP AND PROMOTE ARTS IN THE GREATER TOLEDO COMMUNITY

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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 $4,669,259

Program Service Revenue $856,753

Investment Income $97,013

Other Revenue $-20,723

TOTAL REVENUE $5,602,302

Expense Breakdown

Grants Paid $2,492,576

Salaries & Benefits $1,064,865

Fundraising Expenses $33,745

Program Expenses $3,878,141

Other Expenses $811,089

TOTAL EXPENSES $4,368,530

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,602,302	$2,860,482	+1.0%
Expenses	$4,368,530	$2,678,210	+0.6%
Net Income	$1,233,772	$182,272	+5.8%

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

125

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

$158,150

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH SKOW	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE BECKERT	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN EIKOST	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
MARIBETH NITSCHKE PHIBBS	SECRETARY	1.00	Officer Director	$0	$0	$0
TRACEE PERRYMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL DUKET	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM JACKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA JAJKO	BOARD MEMBER	1.00	Director	$0	$0	$0
MEGAN CASIERE	BOARD MEMBER	1.00	Director	$0	$0	$0
ARDENIA JONES TERRY	BOARD MEMBER	1.00	Director	$0	$0	$0
MARCUS HARRISON	BOARD MEMBER	1.00	Director	$0	$0	$0
JON LEVINE	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB LUBELL	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY MEYER	BOARD MEMBER	1.00	Director	$0	$0	$0
GAIL ZIMMERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MECHELLE ZAROU	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT ZOLLWEG	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTIN KISER	TREASURER	1.00	Officer Director	$0	$0	$0
RHONDA SEWELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
RAMONA COLLINS	BOARD MEMBER	1.00	Director	$0	$0	$0
KATE KELLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHLEEN MERRILL	BOARD MEMBER	1.00	Director	$0	$0	$0
GRETCHEN DEBACKER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN HERNANDEZ	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SHANNON LOAR	BOARD MEMBER	1.00	Director	$0	$0	$0
REGINALD TEMPLE	PRESIDENT- ELECT	1.00	Director	$0	$0	$0
JOSH THURSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG BLAYLOCK JR	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA VALISKA GREGORY	BOARD MEMBER	1.00	Director	$0	$0	$0
ALECIA ROBINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KYLE SWORD	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE WAGNER	BOARD MEMBER	1.00	Director	$0	$0	$0
LIZIE MARCK	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL SATTLER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARC FOLK	EXECUTIVE DIRECTOR	40.00	Officer	$143,592	$14,558	$158,150

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	$5,602,302	$4,368,530	$6,015,744	$1,233,772
2022	$2,860,482	$2,678,210	$6,155,919	$182,272
2021	$2,261,161	$2,466,324	$2,952,895	$-205,163
2020	$2,176,762	$1,367,514	$2,286,792	$809,248
2019	$1,607,042	$1,535,918	$1,384,027	$71,124
2018	$1,200,483	$1,216,255	$1,298,568	$-15,772

THE ARTS COMMISSION OF GREATER TOLEDO I