INTERLOCHEN CENTER FOR THE ARTS (EIN 381689022) - 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

1927

Legal Domicile

Principal Officer

PATRICK M KESSEL

Phone

2312767200

Tax Period

2024-06-01 to 2025-05-31

INTERLOCHEN CENTER FOR THE ARTS, founded in 1927, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $34.2M in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $6.1M, a strong 18% operating margin.

Mission

TO SUPPORT THE INTERLOCHEN ARTS GROUP AND THE INTERLOCHEN ARTS CAMP IN THE FULFILLMENT OF THEIR EDUCATIONAL AND OTHER PURPOSES

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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 $24,099,852

Program Service Revenue $301,498

Investment Income $9,847,355

Other Revenue $0

TOTAL REVENUE $34,248,705

Expense Breakdown

Grants Paid $12,197,121

Salaries & Benefits $6,013,672

Fundraising Expenses $3,255,471

Program Expenses $15,132,358

Other Expenses $9,950,447

TOTAL EXPENSES $28,161,240

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,248,705	$65,975,420	-0.5%
Expenses	$28,161,240	$26,892,062	+0.0%
Net Income	$6,087,465	$39,083,358	-0.8%

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

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

$1,354,201

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH HARDING	CHAIR	1.50	Officer Director	$0	$0	$0
SAUL GOLDSTEIN	VICE-CHAIR	1.50	Officer Director	$0	$0	$0
BARRETT ROLLINS	VICE-CHAIR	1.50	Officer Director	$0	$0	$0
AMY ALSTON	TRUSTEE	1.50	Director	$0	$0	$0
BERNETTA AVERY	TRUSTEE	1.50	Director	$0	$0	$0
KEITH W BAUM	TRUSTEE	1.50	Director	$0	$0	$0
EVAN BREIBART	TRUSTEE	1.50	Director	$0	$0	$0
VALERIE DILLON	TRUSTEE	1.50	Director	$0	$0	$0
MOLLY FERRANTE	TRUSTEE	1.50	Director	$0	$0	$0
DANIEL HAMANN	TRUSTEE	1.50	Director	$0	$0	$0
CYNTHIA L HANN	TRUSTEE	1.50	Director	$0	$0	$0
SYNDEY JAMES HARCOURT	TRUSTEE	1.50	Director	$0	$0	$0
MARIA HERRERA	TRUSTEE	1.50	Director	$0	$0	$0
LISA HERRICK	TRUSTEE	1.50	Director	$0	$0	$0
NANCY HOAGLAND	TRUSTEE	1.50	Director	$0	$0	$0
DOUG HSIEH	TRUSTEE	1.50	Director	$0	$0	$0
JEFF JACOBS	TRUSTEE	1.50	Director	$0	$0	$0
LISA KEARNS	TRUSTEE	1.50	Director	$0	$0	$0
DANIELLE LAMBERT	TRUSTEE	1.50	Director	$0	$0	$0
GREGG LATTERMAN	TRUSTEE	1.50	Director	$0	$0	$0
DARA LEVAN	TRUSTEE	1.50	Director	$0	$0	$0
DAVID P MIN	TRUSTEE	1.50	Director	$0	$0	$0
ELAINE MISCHLER	TRUSTEE	1.50	Director	$0	$0	$0
THOMAS W MORRIS	TRUSTEE	1.50	Director	$0	$0	$0
WILLIAM C NELSON	TRUSTEE	1.50	Director	$0	$0	$0
SOJA PERKINS	TRUSTEE	1.50	Director	$0	$0	$0
MARILYN PERLMAN	TRUSTEE	1.50	Director	$0	$0	$0
KIMIKO PETERS	TRUSTEE	1.50	Director	$0	$0	$0
BECKY VITAS SCHAMIS	TRUSTEE	1.50	Director	$0	$0	$0
SUMIT SENGUPTA	TRUSTEE	1.50	Director	$0	$0	$0
JONATHAN SLAWSON	TRUSTEE	1.50	Director	$0	$0	$0
EDGAR L SMITH JR	TRUSTEE	1.50	Director	$0	$0	$0
SCOTT STEVENS	TRUSTEE	1.50	Director	$0	$0	$0
JEFF TRIBBLE JR	TRUSTEE	1.50	Director	$0	$0	$0
SARA WHITING	TRUSTEE	1.50	Director	$0	$0	$0
KURTIS WILDER	TRUSTEE	1.50	Director	$0	$0	$0
DAVID WU	TRUSTEE	1.50	Director	$0	$0	$0
ANA PAPAKHIAN	EX-OFFICIO TRUSTEE	1.50	Director	$0	$0	$0
GLYNN WILLIAMS	EX-OFFICIO TRUSTEE	1.50	Director	$0	$0	$0
ARTHUR DEVEY	PRESIDENT	50.00	Officer	$620,512	$135,147	$755,659
PATRICK KESSEL	VICE-PRES., FINANCE AND OPERATIONS	50.00	Officer	$397,727	$60,958	$458,685
BRITTANY VERNER	CORPORATE SECRETARY	50.00	Officer	$114,612	$25,245	$139,857
JOHN BOGLEY	V-P, PHILANTHROPY AND DEVELOPMENT	50.00	Highest	$441,692	$52,000	$493,692
CATHLEEN DODGE MILLER	ASSISTANT VICE-PRES., PHILANTHROPY	50.00	Highest	$223,157	$30,717	$253,874
ANDREW BUCHHOLZ	ASSISTANT VICE-PRES., PHILANTHROPY	50.00	Highest	$164,713	$51,701	$216,414
LAUREN ZACHRY-REYNOLDS	MAJOR GIFT OFFICER	50.00	Highest	$102,383	$11,825	$114,208

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	$34,248,705	$28,161,240	$348,114,218	$6,087,465
2024	$65,975,420	$26,892,062	$322,782,174	$39,083,358
2023	$91,841,304	$83,450,726	$313,081,859	$8,390,578
2022	$112,118,953	$66,830,445	$306,348,404	$45,288,508
2021	$61,094,031	$56,748,697	$269,104,599	$4,345,334
2020	$77,699,935	$68,663,665	$234,270,312	$9,036,270
2019	$74,834,815	$63,866,508	$225,671,804	$10,968,307
2018	$62,436,677	$58,323,079	$216,420,556	$4,113,598

INTERLOCHEN CENTER FOR THE ARTS