LENAWEE COUNCIL FOR THE VISUAL ARTS (EIN 383442761) - 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

1998

Legal Domicile

Principal Officer

Paula Trentman

Phone

5177593005

Tax Period

2023-07-01 to 2024-06-30

LENAWEE COUNCIL FOR THE VISUAL ARTS, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $315K in total revenue in fiscal year 2023.

Mission

To provide opportunities for visual artists in Lenawee County Michigan, to foster pride and involvement in the local community, to develop an audience for the visual arts and to provide educational opportunities related to visual arts for local students and to sponsor public art and art exhibits.

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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 (2023)

Revenue Breakdown

Contributions & Grants $204,720

Program Service Revenue $100,769

Investment Income $15

Other Revenue $9,986

TOTAL REVENUE $315,490

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,018

Fundraising Expenses $28,551

Program Expenses $237,779

Other Expenses $248,666

TOTAL EXPENSES $345,684

Year-over-Year Comparison

	2023	2022	Change
Revenue	$315,490	$317,848	0.0%
Expenses	$345,684	$334,416	+0.0%
Net Income	$-30,194	$-16,568	+0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ron Frenzen	Trustee	1	Director	$0	$0	$0
Ashley LaVoy	Trustee	1	Director	$0	$0	$0
Michael Malarney	Trustee	1	Director	$0	$0	$0
Kenneth Thompson	Trustee	1	Director	$0	$0	$0
James Philp	Trustee	1	Director	$0	$0	$0
Cassandra Hermosillo	Trustee	1	Director	$0	$0	$0
Kristine Schmidt	President	1	Officer	$0	$0	$0
Paula Trentman	Vice President	1	Officer	$0	$0	$0
Erik Gable	Treasurer	1	Officer	$0	$0	$0
Theresa Rupley	Secretary	1	Officer	$0	$0	$0
Valerie Herr	Executive Director	40	Key Emp Highest	$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	No data	No data	No data	No data
2024	$315,490	$345,684	$311,915	$-30,194
2023	$317,848	$334,416	$332,656	$-16,568
2022	$414,871	$392,288	$338,920	$22,583
2021	$331,271	$225,746	$318,119	$105,525

LENAWEE COUNCIL FOR THE VISUAL ARTS