HOLLAND AREA ARTS COUNCIL (EIN 382420156) - 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

1983

Legal Domicile

Principal Officer

KEN FREESTONE

Phone

6163963278

Tax Period

2024-10-01 to 2025-09-30

HOLLAND AREA ARTS COUNCIL, founded in 1983, is a small nonprofit in the Arts, Culture & Humanities sector that reported $459K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $428K left a modest 7% surplus.

Mission

TO EDUCATE, ENGAGE, AND CHALLENGE THE COMMUNITY IN THE ARTS WHICH WILL CONTRIBUTE TO THE CULTURAL, EDUCATIONAL, AND ECONOMIC STRENGTH OF THE GREATER HOLLAND LAKESHORE AREA.

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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 $174,805

Program Service Revenue $215,772

Investment Income $54,226

Other Revenue $14,505

TOTAL REVENUE $459,308

Expense Breakdown

Grants Paid $0

Salaries & Benefits $143,770

Fundraising Expenses $18,333

Program Expenses $388,631

Other Expenses $284,708

TOTAL EXPENSES $428,478

Year-over-Year Comparison

	2024	2023	Change
Revenue	$459,308	$346,762	+0.3%
Expenses	$428,478	$457,303	-0.1%
Net Income	$30,830	$-110,541	-1.3%

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

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

$25,171

Total Directors

$15,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL VREDEVELD	PRESIDENT	2.00	Officer Director	$15,000	$0	$15,000
KEN FREESTONE	EXECUTIVE DI	40.00	Officer	$10,171	$0	$10,171
RONNA ALEXANDER	DIRECTOR	2.00	Director	$0	$0	$0
CHERYL BELL	DIRECTOR	2.00	Director	$0	$0	$0
DARYL BRUISCHAT	DIRECTOR	2.00	Director	$0	$0	$0
TOM FARRAH	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
LORMA FREESTONE	DIRECTOR	2.00	Director	$0	$0	$0
BONNIE GETTYS	DIRECTOR	2.00	Director	$0	$0	$0
KIM MITCHELL	DIRECTOR	2.00	Director	$0	$0	$0
JOE NOWICKI	TREASURER	2.00	Officer Director	$0	$0	$0
WENDY SPARKS	SECRETARY	2.00	Officer 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
2025	$459,308	$428,478	$1,684,403	$30,830
2024	$346,762	$457,303	$1,584,593	$-110,541
2023	$397,999	$441,802	$1,477,261	$-43,803
2022	$381,734	$383,772	$1,448,472	$-2,038
2021	$389,508	$339,278	$1,761,986	$50,230
2020	$256,710	$329,941	$1,513,879	$-73,231
2019	$332,245	$348,393	$1,466,845	$-16,148
2018	$388,398	$380,599	$1,484,478	$7,799

HOLLAND AREA ARTS COUNCIL