THE ARTS LEAGUE OF MICHIGAN (EIN 383027410) - 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

1992

Legal Domicile

Principal Officer

Oliver Ragsdale

Phone

3139658430

Tax Period

2024-01-01 to 2024-12-31

THE ARTS LEAGUE OF MICHIGAN, founded in 1992, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum.

Mission

PRESENT QUALITY AFRICAN-AMERICAN ARTS TO THE LARGEST POSSIBLE AUDIENCE AND MAKE IT AVAILABLE TO ALL COMMUNITIES.

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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 $885,006

Program Service Revenue $139,501

Investment Income $0

Other Revenue $19,250

TOTAL REVENUE $1,043,757

Expense Breakdown

Grants Paid $0

Salaries & Benefits $137,991

Fundraising Expenses $0

Program Expenses $828,267

Other Expenses $883,492

TOTAL EXPENSES $1,021,483

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,043,757	$697,269	+0.5%
Expenses	$1,021,483	$1,188,740	-0.1%
Net Income	$22,274	$-491,471	-1.0%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN MCELRATH	CHAIR	2.00	Director	$0	$0	$0
JOHN BOLDEN	TRUSTEE	2.00	Director	$0	$0	$0
GLORIA BUTLER MILLER	TRUSTEE	2.00	Director	$0	$0	$0
LESLIE LOVE	TRUSTEE	2.00	Director	$0	$0	$0
BETH J CORREA	TRUSTEE	2.00	Director	$0	$0	$0
MYGENE L CARR	TRUSTEE	2.00	Director	$0	$0	$0
REED KROLOFF	TRUSTEE	2.00	Director	$0	$0	$0
CAROLINE CHAMBERS	TRUSTEE	2.00	Director	$0	$0	$0
SONYA POUNCY	TRUSTEE	2.00	Director	$0	$0	$0
FRANK TAYLOR	TRUSTEE	2.00	Director	$0	$0	$0
OLIVER RAGSDALE JR	PRESIDENT	40.00	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
2024	$1,043,757	$1,021,483	$1,462,845	$22,274
2023	$697,269	$1,188,740	$1,348,260	$-491,471
2022	$1,075,501	$1,653,566	$1,548,188	$-578,065
2021	$1,259,727	$1,157,231	$1,339,389	$102,496
2020	$671,231	$709,472	$914,941	$-38,241
2019	$1,557,869	$961,497	$945,896	$596,372
2018	$464,806	$810,143	$238,709	$-345,337

THE ARTS LEAGUE OF MICHIGAN