COLUMBUS AREA ARTS COUNCIL INC

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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

1972

Legal Domicile

Principal Officer

ROSS KUNKLER

Phone

8123762539

Tax Period

2024-01-01 to 2024-12-31

COLUMBUS AREA ARTS COUNCIL INC, founded in 1972, is a small nonprofit in the Arts, Culture & Humanities sector that reported $408K in total revenue in fiscal year 2024. Expenses of $389K left a modest 5% surplus.

Mission

TO ENHANCE THE QUALITY OF LIFE IN THE COMMUNITY BY STIMULATING COMMUNITY INTEREST IN ART, FOSTERING CREATION AND INQUIRY THROUGHOUT COLUMBUS, AND LEADING A VIBRANT ARTS CULTURE TIED TO OUR UNIQUE HISTORY.

Program Service Accomplishments

Program 1

Expenses: $248,015 Revenue: $53,101

CAAC SERVICES, SUPPORTS AND ENCOURAGES CULTURAL, ARTISTIC, HUMANITARIAN AND EDUCATIONAL ACTIVITIES IN BARTHOLOMEW CO AND SURROUNDING AREAS. IT CONDUCTS AN ANNUAL FUND DRIVE, SEEKS GRANTS AND CONDUCTS...

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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 $195,976

Program Service Revenue $16,592

Investment Income $16,037

Other Revenue $179,539

TOTAL REVENUE $408,144

Expense Breakdown

Grants Paid $0

Salaries & Benefits $187,517

Fundraising Expenses $51,998

Program Expenses $248,015

Other Expenses $201,083

TOTAL EXPENSES $388,600

Year-over-Year Comparison

	2024	2023	Change
Revenue	$408,144	$382,806	+0.1%
Expenses	$388,600	$339,107	+0.1%
Net Income	$19,544	$43,699	-0.6%

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

Total Directors

$79,423

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE DEL GENIO	PRESIDENT	2.00	Officer Director	$0	$0	$0
KELSEY FINCH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
AMY MCCORMICK	SECRETARY	1.00	Officer Director	$0	$0	$0
ROSS KUNKLER	TREASURER	1.00	Officer Director	$0	$0	$0
SHARON SUNG ANDREWS	DIRECTOR	1.00	Director	$0	$0	$0
BROOKE HAWKINS	EXECUTIVE DIRECTOR	40.00	Director	$79,423	$0	$79,423
ANNA DENOYER	DIRECTOR	1.00	Director	$0	$0	$0
RYAN DOUGHTY	DIRECTOR	1.00	Director	$0	$0	$0
ANNIE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL LUIS MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
ABHISHEK SATHAM	DIRECTOR	1.00	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
2024	$408,144	$388,600	$1,129,605	$19,544
2023	$382,806	$339,107	$1,058,848	$43,699
2022	$405,472	$375,893	$975,281	$29,579
2021	$581,136	$426,310	$995,493	$154,826
2020	$471,218	$309,310	$799,992	$161,908
2019	$548,779	$441,687	$616,502	$107,092
2018	$383,078	$415,155	$487,254	$-32,077