ASSOC OF ARTISTS AND CRAFTSMEN OF PORTER INC CHESTERTON ART CENTER (EIN 356041905) - 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

1961

Legal Domicile

Principal Officer

HANNAH HAMMOND-HAGMAN

Phone

2199264711

Tax Period

2023-11-01 to 2024-10-31

ASSOC OF ARTISTS AND CRAFTSMEN OF PORTER INC CHESTERTON ART CENTER, founded in 1961, is a small nonprofit in the Arts, Culture & Humanities sector that reported $255K in total revenue in fiscal year 2023.

Mission

ENRICHING THE CULTURAL LANDSCAPE OF THE NW INDIANA AREA BY EXHIBITING AND PROMOTING THE WORKS OF EMERGING AND ESTABLISHED REGIONAL ARTISTS

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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 $98,724

Program Service Revenue $113,224

Investment Income $1,721

Other Revenue $41,235

TOTAL REVENUE $254,904

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,710

Fundraising Expenses $0

Program Expenses $62,671

Other Expenses $114,206

TOTAL EXPENSES $249,916

Year-over-Year Comparison

	2023	2022	Change
Revenue	$254,904	$240,577	+0.1%
Expenses	$249,916	$244,326	+0.0%
Net Income	$4,988	$-3,749	-2.3%

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

N/A

Employees

Volunteers

100

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

$51,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HANNAH HAMMOND-HAGMAN	EXECUTIVE DIRECTOR	40.00	Director	$51,000	$0	$51,000
LARRY BRECHNER	VICE CHAIRMAN	2.000	Director	$0	$0	$0
KEVIN NEVERS	DIRECTOR	2.000	Director	$0	$0	$0
BARBARA BLACK	SECRETARY	2.000	Director	$0	$0	$0
RITA BERG	DIRECTOR	2.000	Director	$0	$0	$0
JANE DELLIGATTI	CHAIRMAN	4.000	Director	$0	$0	$0
ELLIOT THOSTESEN	DIRECTOR	2.000	Director	$0	$0	$0
KATHY HARRIS	TREASURER	2.000	Director	$0	$0	$0
MARILU QUINTANILLA	MEMBER	2.000	Director	$0	$0	$0
SEAN HAY	MEMBER	2.000	Director	$0	$0	$0
AGIA AMEZCUA-BONE	MARKETING DIRECTOR	2.000	Director	$0	$0	$0
CARA SCHMITT	EDUCATION DIRECTOR	2.000	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	$254,904	$249,916	$250,914	$4,988
2023	$240,577	$244,326	$230,671	$-3,749
2022	$195,147	$210,555	$227,986	$-15,408

ASSOC OF ARTISTS AND CRAFTSMEN OF PORTER INC CHESTERTON ART CENTER