FRANKFORT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE ELIZABETH LANE OLIVER CENTER FOR THE ARTS, founded in 1948, is a small nonprofit in the Arts, Culture & Humanities sector that reported $584K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Net assets of $2.9M represent 59 months of operating reserves.
ESTABLISH AND MAINTAIN EDUCATIONAL PROGRAMS AND A FACILITY FOR THE ADVANCEMENT OF THE ARTS. THE ART CENTER ALSO WORKS TO PROMOTE AND DEVELOP THE VISUAL, PERFORMING, CULINARY AND LITERARY ARTS IN BENZIE COUNTY AND THE SURROUNDING AREA.
HIGH QUALITY CLASSES, WORKSHOPS AND PROGRAMS ARE OFFERED TO ADULTS, YOUTH AND FAMILIES IN A VARIETY OF MEDIUMS INCLUDING CLAY AND CERAMICS, PAINTING, COLLAGE, DRAWING, PASTEL, TEXTILE ARTS, CULINARY...
HIGH QUALITY CLASSES, WORKSHOPS AND PROGRAMS ARE OFFERED TO ADULTS, YOUTH AND FAMILIES IN A VARIETY OF MEDIUMS INCLUDING CLAY AND CERAMICS, PAINTING, COLLAGE, DRAWING, PASTEL, TEXTILE ARTS, CULINARY ARTS, ETC.
ARTISTS PARTICIPATE IN A VARIETY OF OPPORTUNITIES TO SHOW/SELL THEIR ARTWORK INCLUDING SPECIAL EXHIBITIONS, SUCH AS THE ANNUAL ALL-MEDIA JURIED EXHIBITION AND ANNUAL STUDENT EXHIBITION.
THE GENERAL PUBLIC AND MEMBERS ARE EXPOSED TO A VARIETY OF ARTWORKS AND MEDIUMS THROUGH THE ART CENTER GALLERY, WORKSHOPS AND LECTURES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $584,047 | $636,251 | -0.1% |
| Expenses | $622,561 | $532,672 | +0.2% |
| Net Income | $-38,514 | $103,579 | -1.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KELLY WINTER | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KRISTEN VIGLAND | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LESA HUGET | VICE PRESIDENT/SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JENNIFER FLYNN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICA JONES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RICK RODES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PAM SPICER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HALLIE CHRISTIAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LAUREN EVERETT FINN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD DODGE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CAROL PENFOLD-PATTERSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TAMARA HOFFBAUER | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$56,935 | $0 | $56,935 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $584,047 | $622,561 | $2,917,930 | $-38,514 |
| 2023 | $636,251 | $532,672 | $2,933,715 | $103,579 |
| 2022 | $322,304 | $387,098 | $2,838,010 | $-64,794 |
| 2021 | $305,204 | $328,866 | $2,890,677 | $-23,662 |
| 2020 | $270,952 | $335,950 | $2,910,975 | $-64,998 |
Compare THE ELIZABETH LANE OLIVER CENTER FOR THE ARTS with other nonprofits in Michigan and across the country.