HANCOCK COUNTY PERFORMING ARTS CENTER FOUNDATION (EIN 364824227) - 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

2016

Legal Domicile

Principal Officer

Heather Clow

Phone

4194232787

Tax Period

2024-07-01 to 2025-06-30

HANCOCK COUNTY PERFORMING ARTS CENTER FOUNDATION, founded in 2016, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $657K, a strong 60% operating margin.

Mission

The mission of the Foundation is to grow assets, which in the future, will assist the Hancock County Performing Arts Center in becoming a self-sustaining organization.

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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 $14,262

Program Service Revenue $0

Investment Income $1,071,839

Other Revenue $0

TOTAL REVENUE $1,086,101

Expense Breakdown

Grants Paid $382,361

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $382,361

Other Expenses $46,787

TOTAL EXPENSES $429,148

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,086,101	$1,771,773	-0.4%
Expenses	$429,148	$427,266	+0.0%
Net Income	$656,953	$1,344,507	-0.5%

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

N/A

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

$107,734

Total Directors

Key Employees

$75,615

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Heather Clow	Executive Director	1	Officer	$0	$0	$107,734
Randall Ward	Finance Director	1	Key Emp	$0	$0	$75,615
Michael Lewis	Director	1	Officer Director	$0	$0	$0
Amy Hackenberg	Director	1	Officer Director	$0	$0	$0
Rick Lofgren	Director	1	Officer Director	$0	$0	$0
Tracy Haines-Koehler	Director	1	Officer 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	$1,086,101	$429,148	$10,461,169	$656,953
2024	$1,771,773	$427,266	$9,804,216	$1,344,507
2023	$912,333	$400,382	$8,459,709	$511,951
2022	$138,537	$162,881	$7,947,758	$-24,344
2021	$899,374	$57,775	$8,988,718	$841,599

HANCOCK COUNTY PERFORMING ARTS CENTER FOUNDATION