ASHTABULA ARTS CENTER

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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

1955

Legal Domicile

Principal Officer

LORI STARLING

Phone

4409643396

Tax Period

2024-07-01 to 2025-06-30

ASHTABULA ARTS CENTER, founded in 1955, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024.

Mission

THE ASHTABULA ARTS CENTER (AAC) IS A NONPROFIT, MULTI-ARTS FACILITY FEATURING DANCE, THEATER, MUSIC AND THE VISUAL ARTS. FROM SUMMER KID'S CAMP TO BALLROOM DANCING, THE ASHTBULA ARTS CENTER OFFERS PERFORMANCES, ACTIVITIES, CLASSES, AND OTHER PROGRAMMING FOR ALL AGES AND LEVELS OF ARTISTIC TALENTS AND ABILITIES, FROM THE BEGINNER TO THE ADVANCED STUDENT.

Program Service Accomplishments

Program 1

Expenses: $815,505 Revenue: $368,294

PROGRAM SERVICES ARE MAINLY COMPRISED OF INSTRUCTION, PERFORMANCES AND GENERAL PUBLIC AWARENESS OF PERFORMING ARTS IN ASHTABULA COUNTY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $595,547

Program Service Revenue $386,739

Investment Income $20,340

Other Revenue $55,684

TOTAL REVENUE $1,058,310

Expense Breakdown

Grants Paid $0

Salaries & Benefits $522,558

Fundraising Expenses $50,882

Program Expenses $815,505

Other Expenses $620,063

TOTAL EXPENSES $1,142,621

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,058,310	$1,073,860	0.0%
Expenses	$1,142,621	$1,051,327	+0.1%
Net Income	$-84,311	$22,533	-4.7%

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

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

Total Directors

$65,550

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEEGHAN HUMPHREY	FORMER EXECUTIVE DIRECTOR	40.00	Director	$65,550	$0	$65,550
LORI STARLING	EXECUTIVE DIRECTOR	40.00	Director	$0	$0	$0
ANTHONY PLATANO	PRESIDENT	10.00	Officer	$0	$0	$0
BILL KLINE	VICE-PRESIDENT	10.00	Officer	$0	$0	$0
SARAH KOSKI	TREASURER	10.00	Officer	$0	$0	$0
MARY ANN KLINE	SECRETARY	10.00	Officer	$0	$0	$0
ALEX ASTEINZA	TRUSTEE	2.00	Director	$0	$0	$0
MELISSA BRODHEAD	TRUSTEE	2.00	Director	$0	$0	$0
CHRIS DIGIACOMO	TRUSTEE	2.00	Director	$0	$0	$0
GARY BURLIN	TRUSTEE	2.00	Director	$0	$0	$0
REV MICHAEL MERANDA	TRUSTEE	2.00	Director	$0	$0	$0
AMANDA MILLS	TRUSTEE	2.00	Director	$0	$0	$0
JUDY MUDD	TRUSTEE	2.00	Director	$0	$0	$0
NICOLE NOSCAL	TRUSTEE	2.00	Director	$0	$0	$0
CHRIS PANZONE	TRUSTEE	2.00	Director	$0	$0	$0
KATHERINE REEDY	TRUSTEE	2.00	Director	$0	$0	$0
KATHRYN SHELBY	TRUSTEE	2.00	Director	$0	$0	$0
ROBINLYN VOGEL	TRUSTEE	2.00	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
2025	$1,058,310	$1,142,621	$1,157,088	$-84,311
2024	$1,073,860	$1,051,327	$1,200,443	$22,533
2023	$1,051,352	$1,053,009	$1,060,558	$-1,657
2022	$919,126	$820,792	$1,046,739	$98,334
2021	$604,179	$549,191	$1,015,424	$54,988
2020	$665,373	$647,151	$954,526	$18,222
2019	$695,575	$717,154	$886,390	$-21,579
2018	$772,892	$734,638	$890,235	$38,254
2018	$717,892	$679,638	$890,235	$38,254