HASTINGS, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THORNAPPLE ARTS COUNCIL OF BARRY COUNTY, founded in 1986, is a small nonprofit that reported $278K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $418K exceeded revenue, resulting in a 50% operating deficit.
THE THORNAPPLE ARTS COUNCIL'S MISSION IS TO ENRICH BARRY COUNTY THROUGH ARTS AND CULTURE BY FOSTERING PARTICIPATION, EDUCATION, AND APPRECIATION OF THE ARTS DEFINED AND LIMITED BY 501(C)(3) OF THE INTERNAL REVENUE CODE AND REGULATIONS IN BARRY COUNTY, MI. IN SHORT, WE SEEK TO ENRICH BARRY COUNTY THROUGH ART AND CULTURAL DEVELOPMENT. WE PROVIDE: -SCHOLARSHIPS FOR ARTS EDUCATION -A JAZZ FESTIVAL THAT HOSTS SCHOOLS FROM AROUND THE STATE AND BROUGHT IN THOUSANDS OF VISITORS TO OUR COMMUNITY -OTHER ART SERVICES FOR THE COMMUNITY.
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 | $277,747 | $344,576 | -0.2% |
| Expenses | $417,816 | $436,567 | 0.0% |
| Net Income | $-140,069 | $-91,991 | +0.5% |
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 |
|---|---|---|---|---|---|---|
| MICHELLE DUITS | PAST PRESIDENT | 1.00 |
Director
|
$0 | $0 | $0 |
| DALE SVIHL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DOUG POWERS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ZARA FRANKLIN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ANNIE HALLE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SANDRA LAJOYE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JAN HAWTHORNE | PRESIDENT | 1.00 |
Officer
|
$0 | $0 | $0 |
| CLOE OLIVER | VICE PRESIDENT | 1.00 |
Officer
|
$0 | $0 | $0 |
| KRISTEN FISHER | TREASURER | 1.00 |
Officer
|
$0 | $0 | $0 |
| SALLY SHUSTER SHOFF | SECRETARY | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $277,747 | $417,816 | $60,305 | $-140,069 |
| 2023 | $344,576 | $436,567 | $204,012 | $-91,991 |
| 2022 | $285,331 | $255,187 | $296,105 | $30,144 |
| 2021 | $243,344 | $210,354 | $419,434 | $32,990 |
| 2020 | $134,981 | $131,655 | $231,634 | $3,326 |
| 2019 | $218,116 | $232,464 | $228,419 | $-14,348 |
| 2018 | $265,241 | $207,489 | $242,800 | $57,752 |
Compare THORNAPPLE ARTS COUNCIL OF BARRY COUNTY with other nonprofits in Michigan and across the country.