Flint Institute of Arts

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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

1930

Legal Domicile

Principal Officer

Tracee Glab

Phone

8102341695

Tax Period

2024-07-01 to 2025-06-30

Flint Institute of Arts, founded in 1930, is a community nonprofit in the Arts, Culture & Humanities sector that reported $9.3M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $8.5M left a modest 9% surplus.

Mission

The Flint Institute of Arts Museum + Art School connects diverse communities through fun, creative, and inspiring visual art experiences.

Program Service Accomplishments

Program 1

Expenses: $4,101,599 Revenue: $1,617,213

Art workshops and classes provided to the public to increase individual skills and art appreciation.

Program 2

Expenses: $1,204,625

Providing special exhibits for public appreciation and knowledge of art.

Program 3

Expenses: $1,394,861

The cost of acquisition and maintenance of permanent art collection to develop public appreciation and knowledge of art.

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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 $6,572,820

Program Service Revenue $802,917

Investment Income $1,263,046

Other Revenue $649,793

TOTAL REVENUE $9,288,576

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,747,034

Fundraising Expenses $168,376

Program Expenses $6,701,085

Other Expenses $3,714,614

TOTAL EXPENSES $8,461,648

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,288,576	$7,985,358	+0.2%
Expenses	$8,461,648	$7,940,991	+0.1%
Net Income	$826,928	$44,367	+17.6%

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

126

Volunteers

150

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

$356,873

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kathryn C Boles	President	1.00	Officer Director	$0	$0	$0
Anton Thornquist	First Vice-President	1.00	Officer Director	$0	$0	$0
Elisabeth Saab	2nd Vice-President	1.00	Officer Director	$0	$0	$0
Lynne Hurand	Secretary	1.00	Officer Director	$0	$0	$0
Jay Werschky	Treasurer	1.00	Officer Director	$0	$0	$0
Thomas B Lillie	Immediate-Past President	1.00	Officer Director	$0	$0	$0
John Bracey	Trustee	1.00	Director	$0	$0	$0
Willie Brown	Trustee	1.00	Director	$0	$0	$0
Ann K Chan	Trustee	1.00	Director	$0	$0	$0
Christopher Estes	Trustee	1.00	Director	$0	$0	$0
Chuck Gurden	Trustee	1.00	Director	$0	$0	$0
Kia Berry Hagens	Trustee	1.00	Director	$0	$0	$0
Louis A Hawkins	Trustee	1.00	Director	$0	$0	$0
Dale Keipert	Trustee	1.00	Director	$0	$0	$0
James R Kettler	Trustee	1.00	Director	$0	$0	$0
Alan Klein	Trustee	1.00	Director	$0	$0	$0
Camille Kroger-McCree	Trustee	1.00	Director	$0	$0	$0
Asha M Kulkarni	Trustee	1.00	Director	$0	$0	$0
Matthew L Norwood	Trustee	1.00	Director	$0	$0	$0
Linda Pylypiw	Trustee	1.00	Director	$0	$0	$0
Kimberly Robbins	Trustee	1.00	Director	$0	$0	$0
Betty Salimi	Trustee	1.00	Director	$0	$0	$0
Sharon A Simeon	Trustee	1.00	Director	$0	$0	$0
David T Taylor	Trustee	1.00	Director	$0	$0	$0
Gregory G Viener	Trustee	1.00	Director	$0	$0	$0
Ed Watkins	Trustee	1.00	Director	$0	$0	$0
Dale K Weighill	Trustee	1.00	Director	$0	$0	$0
Shannon Easter White	Trustee	1.00	Director	$0	$0	$0
Dean T Yeotis	Trustee	1.00	Director	$0	$0	$0
Tracee Glab	Executive Director	40.00	Officer	$194,719	$25,615	$220,334
Mike Melenbrink	Former Asst. Dir of Finance	40.00	Officer	$115,667	$20,872	$136,539

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	$9,288,576	$8,461,648	$68,505,403	$826,928
2024	No data	No data	No data	No data
2023	$7,301,091	$7,389,113	$59,993,076	$-88,022
2022	$9,901,885	$7,324,933	$59,264,796	$2,576,952
2021	$9,980,420	$6,548,409	$64,606,144	$3,432,011
2020	$6,754,616	$6,843,845	$56,668,411	$-89,229
2019	$9,162,744	$6,608,135	$55,875,521	$2,554,609
2018	$6,319,196	$5,687,131	$55,079,545	$632,065