Village Fine Arts Association

EIN: 383037710 501(c)(3) Arts, Culture & Humanities

Milford, MI

Total Revenue
$238,844
Total Expenses
$222,193
Total Assets
$58,377
Net Assets
$38,046
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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
MI
Phone
2487973060
Tax Period
2025-01-01 to 2025-12-31

Village Fine Arts Association, founded in 1992, is a small nonprofit in the Arts, Culture & Humanities sector that reported $239K in total revenue in fiscal year 2025. Expenses of $222K left a modest 7% surplus.

Mission

Promote the arts by providing fellowship, education, and opportunities to artists and the community at large.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $54,158
Program Service Revenue $172,579
Investment Income $-1,419
Other Revenue $13,526
TOTAL REVENUE $238,844

Expense Breakdown

Grants Paid $0
Salaries & Benefits $51,005
Fundraising Expenses $13,205
Program Expenses $179,527
Other Expenses $171,188
TOTAL EXPENSES $222,193

Year-over-Year Comparison

2025 2024 Change
Revenue $238,844 $233,281 +0.0%
Expenses $222,193 $235,801 -0.1%
Net Income $16,651 $-2,520 -7.6%
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

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Governance

Voting Members
8
Independent Members
6
Employees
2
Volunteers
50

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
4
$4,040
Total Directors
8
$4,040
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Keri Cleasby Executive Director 40.00
$43,340 $0 $43,340
Bryce Cleasby Treasurer 20.00
Officer Director
$4,040 $0 $4,040
Abigail Powers President 2.00
Officer Director
$0 $0 $0
Andrea Perry Director 2.00
Director
$0 $0 $0
Isaac Perry Secretary 2.00
Officer Director
$0 $0 $0
Rachel McCollum Vice President 2.00
Officer Director
$0 $0 $0
Stephanine Spackman Director 2.00
Director
$0 $0 $0
Kathy Mitchell-Radhs Director 2.00
Director
$0 $0 $0
Hope Pacheco Director 0.00
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 $238,844 $222,193 $58,377 $16,651
2024 No data No data No data No data
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