MICHIGAN GUILD OF ARTISTS AND

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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

1970

Legal Domicile

Principal Officer

KAREN DELHEY

Phone

7346623382

Tax Period

2024-01-01 to 2024-12-31

MICHIGAN GUILD OF ARTISTS AND, founded in 1970, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.0M left a modest 3% surplus.

Mission

TO PROMOTE COMMUNITY AWARENESS, UNDERSTANDING AND APPRECIATION OF THE VISUAL ARTS AND MAINTAIN A SUPPORT NETWORK FOR ARTISTS, WHICH PROVIDES EDUCATIONAL MENTORING AND MARKETING OPPORTUNITIES. THE GUILD A

Program Service Accomplishments

Program 1

Expenses: $65,841 Revenue: $98,899

BIRMINGHAM STREET ART FAIR INVOLVING NUMEROUS ARTISTS IN VARIOUS MEDIA

Program 2

Expenses: $294,256 Revenue: $521,286

ANN ARBOR SUMMER ART FAIR INVOLVING NUMEROUS ARTISTS IN VARIOUS

Program 3

Expenses: $47,881 Revenue: $63,077

COMMON GROUND ART FAIR INVOLVING NUMEROUS ARTISTS IN VARIOUS MEDIA

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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 $257,088

Program Service Revenue $788,283

Investment Income $7,619

Other Revenue $21,999

TOTAL REVENUE $1,074,989

Expense Breakdown

Grants Paid $0

Salaries & Benefits $436,527

Fundraising Expenses $0

Program Expenses $531,658

Other Expenses $605,748

TOTAL EXPENSES $1,042,275

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,074,989	$952,879	+0.1%
Expenses	$1,042,275	$903,071	+0.2%
Net Income	$32,714	$49,808	-0.3%

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

N/A

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

Total Directors

$90,446

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN DELHEY	EXEC DIRECTOR	40	Director	$90,446	$0	$90,446
BONNIE BLANDFO	CHAIRMAN	1	Director	$0	$0	$0
ANDREA ANDERSO	SECRETARY	1	Director	$0	$0	$0
MIKE MONROE	TREASURER	1	Director	$0	$0	$0
JIM PARKER	VICE CHAIRMAN	1	Director	$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
2024	$1,074,989	$1,042,275	$285,143	$32,714
2023	$952,879	$903,071	$249,845	$49,808
2022	$799,513	$869,116	$210,526	$-69,603
2021	$616,392	$647,650	$286,659	$-31,258
2020	$133,730	$423,363	$325,750	$-289,633