Arts Council of Southwestern Indiana Inc (EIN 351315306) - 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

1970

Legal Domicile

Principal Officer

Anne McKim

Phone

8123033178

Tax Period

2023-01-01 to 2023-12-31

Arts Council of Southwestern Indiana Inc, founded in 1970, is a small nonprofit in the Arts, Culture & Humanities sector that reported $774K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $142K, a strong 18% operating margin.

Mission

Enhancing quality of life and supporting economic development through advocacy and promotion of the Arts, Arts Education and Arts organizations in Southwestern Indiana.

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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 $719,507

Program Service Revenue $54,285

Investment Income $0

Other Revenue $0

TOTAL REVENUE $773,792

Expense Breakdown

Grants Paid $293,845

Salaries & Benefits $186,726

Fundraising Expenses $0

Program Expenses $627,473

Other Expenses $151,529

TOTAL EXPENSES $632,100

Year-over-Year Comparison

	2023	2022	Change
Revenue	$773,792	$635,670	+0.2%
Expenses	$632,100	$630,499	+0.0%
Net Income	$141,692	$5,171	+26.4%

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

$58,871

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anne McKim	Executive Director	40.00	Officer	$58,871	$0	$58,871
Hanna Dill	President	1.00	Officer	$0	$0	$0
Victoria Salmond	President	1.00	Officer	$0	$0	$0
Stephanie Engelbrecht	Secretary	1.00	Officer	$0	$0	$0
Kim Wren	Treasurer	1.00	Officer	$0	$0	$0
Dr Anna Dauer	Director	1.00	Director	$0	$0	$0
Fred Emory	Director	1.00	Director	$0	$0	$0
Dr Jia-Rong Gan	Director	1.00	Director	$0	$0	$0
Justin Johnson	Director	1.00	Director	$0	$0	$0
Darin Lander	Director	1.00	Director	$0	$0	$0
Buddy Loberman	Director	1.00	Director	$0	$0	$0
Rick Martin	Director	1.00	Director	$0	$0	$0
Adam Stevens	Director	1.00	Director	$0	$0	$0
Elizabeth Beck	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	No data	No data	No data	No data
2023	$773,792	$632,100	$1,181,757	$141,692
2022	$635,670	$630,499	$1,061,105	$5,171
2021	$578,234	$586,406	$1,081,636	$-8,172
2020	$546,642	$452,339	$1,080,461	$94,303
2019	$797,783	$538,119	$981,384	$259,664
2018	$601,712	$484,165	$684,895	$117,547

Arts Council of Southwestern Indiana Inc