HOOGLAND CENTER FOR THE ARTS INC (EIN 371408879) - 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

2000

Legal Domicile

Principal Officer

GUS GORDON

Phone

2175232787

Tax Period

2024-01-01 to 2024-12-31

HOOGLAND CENTER FOR THE ARTS INC, founded in 2000, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE HOOGLAND CENTER FOR THE ARTS PROVIDES A CREATIVE ENVIRONMENT FOR THE COMMUNITY.

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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 $590,753

Program Service Revenue $705,509

Investment Income $69,260

Other Revenue $76,719

TOTAL REVENUE $1,442,241

Expense Breakdown

Grants Paid $0

Salaries & Benefits $387,074

Fundraising Expenses $111,406

Program Expenses $1,160,303

Other Expenses $1,222,907

TOTAL EXPENSES $1,609,981

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,442,241	$2,063,057	-0.3%
Expenses	$1,609,981	$1,371,975	+0.2%
Net Income	$-167,740	$691,082	-1.2%

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

986

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

$62,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC FLICK	PRESIDENT	1.00	Officer Director	$0	$0	$0
DR NICOLE FLORENCE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CYNDY RICE	SECRETARY	1.00	Officer Director	$0	$0	$0
TOM RYDER	TREASURER	1.00	Officer Director	$0	$0	$0
ASHLEY COKER	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN MITCHELL	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
ANGIE ACAKAPO-SATCHIVI	TRUSTEE	1.00	Director	$0	$0	$0
CAROLYN FLEISCHLI	TRUSTEE	1.00	Director	$0	$0	$0
CRAIG MCFARLAND	TRUSTEE	1.00	Director	$0	$0	$0
JANE BROWNBACK	TRUSTEE	1.00	Director	$0	$0	$0
JESSICA NARDULLI	TRUSTEE	1.00	Director	$0	$0	$0
KIP LEVERTON	TRUSTEE	1.00	Director	$0	$0	$0
LESLIE SGRO	TRUSTEE	1.00	Director	$0	$0	$0
LYNN GILMORE	TRUSTEE	1.00	Director	$0	$0	$0
MARK MCDONALD	TRUSTEE	1.00	Director	$0	$0	$0
PARIS ERVIN DOYL	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK FOSTER	TRUSTEE	1.00	Director	$0	$0	$0
PENNY MCCARTY	TRUSTEE	1.00	Director	$0	$0	$0
SHEILA WALK	TRUSTEE	1.00	Director	$0	$0	$0
T DAVID PARKER	TRUSTEE	1.00	Director	$0	$0	$0
TIFFANI SAUNDERS	TRUSTEE	1.00	Director	$0	$0	$0
TIM CRAWFORD	TRUSTEE	1.00	Director	$0	$0	$0
GUS GORDON	EXECUTIVE DIRECTOR	40.00	Officer	$62,000	$0	$62,000

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	$1,442,241	$1,609,981	$7,226,940	$-167,740
2023	$2,063,057	$1,371,975	$7,524,907	$691,082
2022	$921,263	$1,214,489	$6,611,405	$-293,226
2021	$1,022,079	$937,211	$6,969,049	$84,868
2020	$1,484,934	$869,861	$6,949,848	$615,073
2019	$970,551	$1,139,282	$6,441,836	$-168,731
2018	$831,516	$1,134,636	$6,341,834	$-303,120

HOOGLAND CENTER FOR THE ARTS INC