NEWAYGO COUNTY COUNCIL FOR THE ARTS INC (EIN 383000675) - 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

1991

Legal Domicile

Principal Officer

MARIANNE BOERIGTER

Phone

2319244022

Tax Period

2024-01-01 to 2024-12-31

NEWAYGO COUNTY COUNCIL FOR THE ARTS INC, founded in 1991, is a small nonprofit in the Arts, Culture & Humanities sector that reported $294K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $347K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROMOTE THE ARTS AND ENHANCE THE CULTURAL CLIMATE IN NEWAYGO COUNTY AND SURROUNDING AREAS.

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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 $186,644

Program Service Revenue $95,102

Investment Income $6,480

Other Revenue $5,294

TOTAL REVENUE $293,520

Expense Breakdown

Grants Paid $0

Salaries & Benefits $159,218

Fundraising Expenses $15,308

Program Expenses $268,801

Other Expenses $188,233

TOTAL EXPENSES $347,451

Year-over-Year Comparison

	2024	2023	Change
Revenue	$293,520	$332,379	-0.1%
Expenses	$347,451	$279,682	+0.2%
Net Income	$-53,931	$52,697	-2.0%

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

$45,497

Total Directors

$713

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JILL HANSEN AUNE	DIRECTOR	1.00	Director	$0	$0	$0
MARY ANDERSON	DIRECTOR	1.00	Director	$713	$0	$713
GILBERT GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
KIRK PARKHURST	CHAIR	1.00	Officer Director	$0	$0	$0
EMILY FOLKEMA	SECRETARY	1.00	Officer Director	$0	$0	$0
TRACY STREICHHIRSCH	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY FOLKEMA	DIRECTOR	1.00	Director	$0	$0	$0
ED WOSINKI	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
ALEXIS MERCER	DIRECTOR	1.00	Director	$0	$0	$0
SUSIE RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
JEFF DUBA	TREASURER	1.00	Officer Director	$0	$0	$0
MARIANNE BOERIGTER	EXECUTIVE DIRECTOR	20.00	Officer	$45,403	$94	$45,497

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
2024	$293,520	$347,451	$603,948	$-53,931
2023	$332,379	$279,682	$659,517	$52,697
2022	$268,427	$263,330	$608,493	$5,097
2021	$274,449	$222,900	$605,476	$51,549
2020	$289,982	$206,097	$556,930	$83,885
2019	$292,770	$271,048	$475,440	$21,722
2018	$317,669	$283,629	$442,745	$34,040

NEWAYGO COUNTY COUNCIL FOR THE ARTS INC