Monroe Arts Council

EIN: 341808964 501(c)(3) Arts, Culture & Humanities

Woodsfield, OH

Total Revenue
$180,153
Total Expenses
$175,920
Total Assets
$311,360
Net Assets
$309,230
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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
1996
Legal Domicile
OH
Principal Officer
Mitchell Schumacher
Tax Period
2023-01-01 to 2023-12-31

Monroe Arts Council, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $180K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

To Promote Art & Tourism in Monroe County Ohio.

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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 $91,856
Program Service Revenue $86,765
Investment Income $0
Other Revenue $1,532
TOTAL REVENUE $180,153

Expense Breakdown

Grants Paid $500
Salaries & Benefits $24,994
Fundraising Expenses $0
Program Expenses $173,266
Other Expenses $150,426
TOTAL EXPENSES $175,920

Year-over-Year Comparison

2023 2022 Change
Revenue $180,153 $227,590 -0.2%
Expenses $175,920 $139,823 +0.3%
Net Income $4,233 $87,767 -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

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Governance

Voting Members
4
Independent Members
4
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
2
$2,654
Total Directors
4
$2,654
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Samuel Miller Treasurer 5.00
Officer Director
$2,654 $0 $2,654
Sheila Walkley Secretary 5.00
Director
$0 $0 $0
Carol Schumacher Vice President 5.00
Director
$0 $0 $0
Mitchell Schumacher President 5.00
Officer 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 $180,153 $175,920 $311,360 $4,233
2022 $227,590 $139,823 $307,201 $87,767
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