GALENA ART & RECREATION CENTER (EIN 362616288) - 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

1968

Legal Domicile

Principal Officer

DAVE DECKER

Phone

8157772248

Tax Period

2024-01-01 to 2024-12-31

GALENA ART & RECREATION CENTER, founded in 1968, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024.

Mission

PROGRAMS PROVIDE RECREATION, LEARNING EXPERIENCES, PROMOTE HEALTH IMPROVEMENT AND SOCIALIZATION FOR ALL AGES. SEE ATTACHMENT LIST 1 FOR LIST OF PROGRAMS AND NUMBER OF PARTICIPANTS.

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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 $304,613

Program Service Revenue $800,741

Investment Income $43,240

Other Revenue $7,404

TOTAL REVENUE $1,155,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $955,444

Fundraising Expenses $10,229

Program Expenses $955,444

Other Expenses $311,550

TOTAL EXPENSES $1,266,994

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,155,998	$1,142,844	+0.0%
Expenses	$1,266,994	$1,283,729	0.0%
Net Income	$-110,996	$-140,885	-0.2%

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

250

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLEY PETERSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PETE STRYKER	SECRETARY	1.00	Officer Director	$0	$0	$0
DREW BURKEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
EMILY SIMMONS	TREASURER	1.00	Officer Director	$0	$0	$0
CASSIE WIENEN	DIRECTOR	1.00	Director	$0	$0	$0
LYNN BEMING	DIRECTOR	1.00	Director	$0	$0	$0
TIM BUISKER	DIRECTOR	1.00	Director	$0	$0	$0
CALLIE BESSERT	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
2024	$1,155,998	$1,266,994	$1,882,936	$-110,996
2023	$1,085,590	$1,281,123	$1,936,101	$-195,533
2023	$1,142,844	$1,283,729	$1,936,909	$-140,885
2022	$1,005,922	$1,120,050	$2,085,878	$-114,128
2021	$1,180,194	$845,867	$2,298,497	$334,327
2020	$796,157	$710,554	$2,100,784	$85,603
2019	$985,878	$627,274	$2,110,883	$358,604
2018	$946,743	$444,530	$1,768,158	$502,213

GALENA ART & RECREATION CENTER