ARTS COUNCIL OF GREATER LANSING (EIN 382086424) - 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

1965

Legal Domicile

Principal Officer

MEGHAN MARTIN

Phone

5173724636

Tax Period

2023-10-01 to 2024-09-30

ARTS COUNCIL OF GREATER LANSING, founded in 1965, is a small nonprofit in the Arts, Culture & Humanities sector that reported $551K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $749K exceeded revenue, resulting in a 36% operating deficit.

Mission

PROMOTION OF THE PUBLIC INTEREST IN THE ARTS AND SUPPORT OF OTHER ART ORGANIZATIONS.

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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 $426,957

Program Service Revenue $51,638

Investment Income $71,298

Other Revenue $1,191

TOTAL REVENUE $551,084

Expense Breakdown

Grants Paid $347,409

Salaries & Benefits $234,616

Fundraising Expenses $61,192

Program Expenses $582,111

Other Expenses $167,464

TOTAL EXPENSES $749,489

Year-over-Year Comparison

	2023	2022	Change
Revenue	$551,084	$848,297	-0.4%
Expenses	$749,489	$1,014,018	-0.3%
Net Income	$-198,405	$-165,721	+0.2%

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

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

$80,927

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMI ICEMAN-HAUETER	PRESIDENT	1.00	Officer Director	$0	$0	$0
TAYLOR GAST	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
JANET LILLIE	SECRETARY	1.00	Officer Director	$0	$0	$0
KATHIE FELDPAUSCH	TREASURER	1.00	Officer Director	$0	$0	$0
RACHEL ELSINGA	DIRECTOR	1.00	Director	$0	$0	$0
JILL FELDPAUSCH	DIRECTOR	1.00	Director	$0	$0	$0
SUBAN NUR COOLEY	DIRECTOR	1.00	Director	$0	$0	$0
JULIE PINGSTON	DIRECTOR	1.00	Director	$0	$0	$0
ANDIE POOLE	DIRECTOR	1.00	Director	$0	$0	$0
BREINA PUGH	DIRECTOR	1.00	Director	$0	$0	$0
LOLO ROBISON	DIRECTOR	1.00	Director	$0	$0	$0
MARK WARNER	DIRECTOR	1.00	Director	$0	$0	$0
MEGHAN MARTIN	EXECUTIVE DIRECTOR	40.00	Officer	$77,073	$3,854	$80,927

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	$551,084	$749,489	$2,027,642	$-198,405
2023	$848,297	$1,014,018	$2,044,885	$-165,721
2022	$700,745	$788,090	$1,803,297	$-87,345
2021	$433,854	$429,382	$2,155,293	$4,472
2020	$537,393	$601,634	$1,945,027	$-64,241
2019	$571,874	$658,819	$1,868,222	$-86,945
2018	$638,375	$685,722	$1,992,737	$-47,347

ARTS COUNCIL OF GREATER LANSING