ARTSPARTNERS OF CENTRAL ILLINOIS INC (EIN 371375008) - 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

1998

Legal Domicile

Principal Officer

MEGAN PEDIGO

Phone

3096762787

Tax Period

2023-09-01 to 2024-08-31

ARTSPARTNERS OF CENTRAL ILLINOIS INC, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $208K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $194K left a modest 6% surplus.

Mission

ASSIST IN DEVELOPMENT OF AREA CULTURAL PROGRAMS, AND INCREASE AWARENESS OF AREA CULTURAL ENVIRONMENT.

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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 $188,755

Program Service Revenue $14,905

Investment Income $0

Other Revenue $4,057

TOTAL REVENUE $207,717

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,671

Fundraising Expenses $0

Program Expenses $194,477

Other Expenses $90,806

TOTAL EXPENSES $194,477

Year-over-Year Comparison

	2023	2022	Change
Revenue	$207,717	$163,228	+0.3%
Expenses	$194,477	$150,338	+0.3%
Net Income	$13,240	$12,890	+0.0%

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

$71,945

Total Directors

$71,945

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB PARKHURST	TREASURER	5.00	Officer Director	$0	$0	$0
FRANNIE HEINE	PAST PRESIDENT	5.00	Officer Director	$0	$0	$0
MEGAN PEDIGO	PRESIDENT	5.00	Officer Director	$0	$0	$0
HIRAL PATEL HUDSON	PAST VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JOE SPANIER	BOARD MEMBER	5.00	Director	$0	$0	$0
DONALD SHAFER	BOARD MEMBER	5.00	Director	$0	$0	$0
MARWIN SPILLER	BOARD MEMBER	5.00	Director	$0	$0	$0
KEVIN EVANS	SECRETARY	5.00	Officer Director	$0	$0	$0
JOSHUA HERMAN	BOARD MEMBER	5.00	Director	$0	$0	$0
ROSS MILLER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
DR SARAH GLOVER	BOARD MEMBER	5.00	Director	$0	$0	$0
CHELSEA CARMONA	BOARD MEMBER	5.00	Director	$0	$0	$0
EVERLEY DAVIS	BOARD MEMBER	5.00	Director	$0	$0	$0
MAEGAN GILLILAND WRIGHT	EXECUTIVE DIRECTOR	40.00	Officer Director	$71,945	$0	$71,945
STACY PETERSON	BOARD MEMBER	5.00	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	$207,717	$194,477	$242,196	$13,240
2023	$163,228	$150,338	$226,942	$12,890
2023	$163,228	$150,338	$226,942	$12,890
2022	$203,623	$174,953	$201,484	$28,670
2021	$116,625	$133,034	$166,088	$-16,409
2020	$150,328	$180,747	$200,399	$-30,419
2019	$353,373	$357,138	$216,291	$-3,765

ARTSPARTNERS OF CENTRAL ILLINOIS INC