JACOBY ARTS CENTER (EIN 371118130) - 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

1981

Legal Domicile

Principal Officer

VALERIE HOVEN

Phone

6184625222

Tax Period

2024-01-01 to 2024-12-31

JACOBY ARTS CENTER, founded in 1981, is a micro nonprofit that reported $93K in total revenue in fiscal year 2024. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $181K exceeded revenue, resulting in a 95% operating deficit.

Mission

TO FOSTER THE ARTISTIC DEVELOPMENT AND ECONOMIC SUCCESS OF ARTISTS AND TO EXPAND ACCESSIBILITY TO THE ARTS THROUGH PROGRAMS THAT PROMOTE EDUCATION, PARTICPATION, AND EXPLORATION.

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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 $36,895

Program Service Revenue $25,545

Investment Income $2,431

Other Revenue $27,656

TOTAL REVENUE $92,527

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,523

Fundraising Expenses $0

Program Expenses $180,833

Other Expenses $64,310

TOTAL EXPENSES $180,833

Year-over-Year Comparison

	2024	2023	Change
Revenue	$92,527	$361,034	-0.7%
Expenses	$180,833	$212,898	-0.2%
Net Income	$-88,306	$148,136	-1.6%

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

N/A

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

$98,623

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHEL LAPPIN	EXECUTIVE DIRECTOR	40.00	Director	$63,034	$0	$63,034
CHANTEL MORRIGAN	DIRECTOR OF OPERATIONS	40.00	Director	$35,589	$0	$35,589
VALERIE HOVEN	PRESIDENT	0.00	Officer	$0	$0	$0
JEANIE TRUCKEY	SECRETARY	0.00	Officer	$0	$0	$0
JOHANNA SHULTIS	BOARD MEMBER	0.00	Officer	$0	$0	$0
PATTI HORNBERGER	BOARD MEMBER	0.00	Officer	$0	$0	$0
CODY HINKLE	BOARD MEMBER	0.00	Officer	$0	$0	$0
BENNETT FELTON	BOARD MEMBER	0.00	Officer	$0	$0	$0
ROGER LEWIS	BOARD MEMBER	0.00	Officer	$0	$0	$0
MOLLY VELIKIS	BOARD MEMBER	0.00	Officer	$0	$0	$0
DENNIS SCARBOROUGH	BOARD MEMBER	0.00	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
2024	$92,527	$180,833	$187,680	$-88,306
2023	$361,034	$212,898	$276,036	$148,136
2022	$226,209	$241,695	$127,787	$-15,486
2021	$230,973	$179,184	$144,411	$51,789
2020	$168,688	$176,939	$102,000	$-8,251
2019	$181,442	$166,224	$111,363	$15,218
2018	$163,788	$566,362	$87,349	$-402,574

JACOBY ARTS CENTER