SOUTH HAVEN ART ASSOCIATION (EIN 382335785) - 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

1951

Legal Domicile

Principal Officer

KERRY HAGY

Phone

2696371041

Tax Period

2024-09-01 to 2025-08-31

SOUTH HAVEN ART ASSOCIATION, founded in 1951, is a small nonprofit in the Arts, Culture & Humanities sector that reported $232K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $203K left a modest 12% surplus.

Mission

COMMUNITY ENRICHMENT THROUGH THE ARTS BY PROVIDING OPPORTUNITIES TO DISCOVER, EXPLORE AND EXPERIENCE THE ARTS.

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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 $88,268

Program Service Revenue $91,400

Investment Income $2,213

Other Revenue $50,292

TOTAL REVENUE $232,173

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,355

Fundraising Expenses $6,745

Program Expenses $161,110

Other Expenses $101,060

TOTAL EXPENSES $203,415

Year-over-Year Comparison

	2024	2023	Change
Revenue	$232,173	$179,004	+0.3%
Expenses	$203,415	$145,873	+0.4%
Net Income	$28,758	$33,131	-0.1%

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

$49,063

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EUGENIE CROTTE	PRESIDENT	2.00	Officer Director	$0	$0	$0
BOBBI GUMINO	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DIANE WILDBERDING	TREASURER	2.00	Officer Director	$0	$0	$0
CRYSTAL MITCHELL-ELISSETCHE	SECRETARY	2.00	Officer Director	$0	$0	$0
JENNIFER SISTRUNK	MEMBER	2.00	Director	$0	$0	$0
PHILLIP JOHNSON	MEMBER	2.00	Director	$0	$0	$0
ALAN KAIM	MEMBER	2.00	Director	$0	$0	$0
SHANNA SHEARER	MEMBER	2.00	Director	$0	$0	$0
LEAH SIMONSEN	MEMBER	2.00	Director	$0	$0	$0
JULIANNE MEYER-SOREK	MEMBER	2.00	Director	$0	$0	$0
KERRY HAGY	EXECUTIVE DIRECTOR	40.00	Officer	$49,063	$0	$49,063

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	$232,173	$203,415	$301,347	$28,758
2024	$179,004	$145,873	$268,197	$33,131
2023	$150,546	$145,572	$235,478	$4,974
2022	$201,277	$148,153	$225,456	$53,124

SOUTH HAVEN ART ASSOCIATION