GALESBURG COMMUNITY ARTS CENTER INC (EIN 370916623) - 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

1965

Legal Domicile

Principal Officer

NIELS LEWIS

Phone

3093427415

Tax Period

2022-07-01 to 2023-06-30

GALESBURG CIVIC ART CENTER INC, founded in 1965, is a small nonprofit that reported $474K in total revenue in fiscal year 2020. The organization ran a surplus of $302K, a strong 64% operating margin.

Mission

THE GALESBURG COMMUNITY ARTS CENTER, INC. CONNECTS OUR COMMUNITY TO THE ARTS THROUGH EXHIBITIONS AND PERFORMANCES, ARTS EDUCATION PROGRAMMING, AND EXPERIENCES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,715,888

Program Service Revenue $75,204

Investment Income $1,432

Other Revenue $43,885

TOTAL REVENUE $1,836,409

Expense Breakdown

Grants Paid $0

Salaries & Benefits $117,606

Fundraising Expenses $21,100

Program Expenses $189,733

Other Expenses $147,788

TOTAL EXPENSES $265,394

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,836,409	$186,430	+8.9%
Expenses	$265,394	$175,434	+0.5%
Net Income	$1,571,015	$10,996	+141.9%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANE AUGUSTSON	DIRECTOR	N/A	Officer	$0	$0	$0
CHRIS DOKOLASA	DIRECTOR	N/A	Officer	$0	$0	$0
MICHAEL FRIES	EX-OFFICIO	N/A	Officer	$0	$0	$0
NIELS LEWIS	PRESIDENT	N/A	Officer	$0	$0	$0
THERESA MANGIERI	DIRECTOR	N/A	Officer	$0	$0	$0
ELLEN MCDOWELL	VICE-PRESIDE	N/A	Officer	$0	$0	$0
PATRICK MESSENGER	DIRECTOR	N/A	Officer	$0	$0	$0
JOHN MISURACA	DIRECTOR	N/A	Officer	$0	$0	$0
RANDY NEWCOMB	DIRECTOR	N/A	Officer	$0	$0	$0
NANCY OLSON	SECRETARY	N/A	Officer	$0	$0	$0
GAYLA PACHECO	DIRECTOR	N/A	Officer	$0	$0	$0
GAVIN PHILLIPS	DIRECTOR	N/A	Officer	$0	$0	$0
MAEVE REILLY	DIRECTOR	N/A	Officer	$0	$0	$0
BOUDEWIJN SLIEPEN	TREASURER	N/A	Officer	$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
2023	$1,836,409	$265,394	$2,183,320	$1,571,015
2022	$186,430	$175,434	$527,832	$10,996
2021	$474,141	$172,386	$586,447	$301,755

GALESBURG COMMUNITY ARTS CENTER INC