WILLIAM BONIFAS FINE ARTS CENTER

EIN: 382292481 501(c)(3) Arts, Culture & Humanities

ESCANABA, MI

Total Revenue
$470,028
Total Expenses
$388,406
Total Assets
$2,401,273
Net Assets
$2,362,517
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
MI
Principal Officer
AL HANSEN
Phone
9067863833
Tax Period
2023-07-01 to 2024-06-30

WILLIAM BONIFAS FINE ARTS CENTER, founded in 1987, is a small nonprofit in the Arts, Culture & Humanities sector that reported $470K in total revenue in fiscal year 2023. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $82K, a strong 17% operating margin.

Mission

FOUNDED IN 1974, THE WILLIAM BONIFAS FINE ARTS CENTER IS A COMPREHENSIVE ARTS ORGANIZATION. WITH A COMMITMENT TO EXCELLENCE TO ITS EXHIBITS, EDUCATION, PERFORMANCES, FACILITIES, EVENTS AND OTHER ACTIVITIES, THE CENTER EXISTS TO ENHANCE AND INSPIRE THE CULTURAL AND CREATIVE LIVES OF THE PEOPLE IN THE CENTRAL UPPER PENINSULA. (FEBRUARY 25, 2013)

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $276,520
Program Service Revenue $66,238
Investment Income $65,190
Other Revenue $62,080
TOTAL REVENUE $470,028

Expense Breakdown

Grants Paid $0
Salaries & Benefits $180,586
Fundraising Expenses $24,979
Program Expenses $307,428
Other Expenses $207,820
TOTAL EXPENSES $388,406

Year-over-Year Comparison

2023 2022 Change
Revenue $470,028 $296,818 +0.6%
Expenses $388,406 $366,541 +0.1%
Net Income $81,622 $-69,723 -2.2%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
10
Volunteers
120

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARILYN DUTKAVICH TRUSTEE N/A
Director
$0 $0 $0
BETH NOREUS CONSULTANT N/A
Director
$0 $0 $0
BRIAN PAHNKE TRUSTEE N/A
Director
$0 $0 $0
JILLENA ROSE TRUSTEE N/A
Director
$0 $0 $0
JIM BOROWSKI VICE PRESIDE N/A
Officer
$0 $0 $0
AL HANSEN PRESIDENT N/A
Officer
$0 $0 $0
VICTORIA RADKE RECORDING SE N/A
Officer
$0 $0 $0
DEBBIE SKERBECK TREASURER N/A
Officer
$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
2025 No data No data No data No data
2024 $470,028 $388,406 $2,401,273 $81,622
2023 $296,818 $366,541 $2,203,775 $-69,723
2022 $372,040 $354,988 $2,175,161 $17,052
2021 $368,563 $319,838 $2,581,789 $48,725
2020 $266,679 $302,895 $2,202,908 $-36,216
2019 $354,404 $352,966 $2,205,492 $1,438
2018 $353,697 $391,178 $2,196,237 $-37,481
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