CARNEGIE CENTER COUNCIL FOR THE ART (EIN 382361131) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

BEN SMITH

Phone

2692738882

Tax Period

2024-10-01 to 2025-09-30

CARNEGIE CENTER COUNCIL FOR THE ART, founded in 1982, is a micro nonprofit that reported $95K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $178K exceeded revenue, resulting in a 87% operating deficit.

Mission

THE CARNEGIE CENTER FOR THE ARTS INC IS A PRIVATE NONPROFIT ORG. DEDICATED TO PROMOTING PERSONAL GROWTH, SELF-EXPRESSION, AND APPRECIATION OF THE VISUAL, LITERARY, AND PERFORMING ARTS, AMONG THE PEOPLE OF SW MICHIGAN, THROUGH EXHIBITS, PERFORMANCES, AND PARTICIPATORY EXPERIENCES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $84,278

Program Service Revenue $10,649

Investment Income $27

Other Revenue $100

TOTAL REVENUE $95,054

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,024

Fundraising Expenses $7,549

Program Expenses $135,797

Other Expenses $111,963

TOTAL EXPENSES $177,987

Year-over-Year Comparison

	2024	2023	Change
Revenue	$95,054	$82,588	+0.2%
Expenses	$177,987	$149,683	+0.2%
Net Income	$-82,933	$-67,095	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

$50,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA GRUBBS	EXECUTIVE DIRECTOR	40.00	Director	$50,900	$0	$50,900
GARY ARMSTRONG	DIRECTOR	1.00	Director	$0	$0	$0
TOM MILES	DIRECTOR	1.00	Director	$0	$0	$0
PEGGY RUGGLES	DIRECTOR	1.00	Director	$0	$0	$0
MARILYNN HOVDA	DIRECTOR	1.00	Director	$0	$0	$0
RYAN CONRAD	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA POTTS	DIRECTOR	1.00	Director	$0	$0	$0
BEN SMITH	PRESIDENT	1.00	Officer	$0	$0	$0
FRED GRUNERT	SECRETARY	1.00	Officer	$0	$0	$0
SHARON BACHINSKI	TREASURER	1.00	Officer	$0	$0	$0
MARY HOOLEY	VICE PRESIDENT	1.00	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	$95,054	$177,987	$1,264,394	$-82,933
2024	$82,588	$149,683	$1,279,457	$-67,095
2023	$79,263	$148,691	$1,200,443	$-69,428
2022	$83,488	$156,338	$1,213,974	$-72,850
2021	$171,517	$124,757	$1,366,280	$46,760
2020	$1,014,970	$129,801	$1,319,732	$885,169
2019	$134,401	$152,208	$434,573	$-17,807
2018	$119,474	$158,566	$452,399	$-39,092

CARNEGIE CENTER COUNCIL FOR THE ART