THE RUSSELL KIRK CENTER FOR CULTUR… - Form 990 Financial Data

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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

DR JEFFERY O NELSON

Phone

2319725590

Tax Period

2023-01-01 to 2023-12-31

THE RUSSELL KIRK CENTER FOR CULTURAL RENEWAL, founded in 1998, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 229% from the prior year, signaling strong growth momentum. The organization ran a surplus of $320K, a strong 25% operating margin.

Mission

THE CENTER'S MISSION IS TO STRENGTHEN THE CULTURAL, ECONOMIC, AND PHILOSOPHICAL FOUNDATIONS OF WESTERN CIVILIZATION AND THE AMERICAN EXPERIENCE WITHIN IT. OUR PROGRAMS CELEBRATE AND DEFEND THOSE PERMANENT THINGS THAT CONSERVE A TRADITION OF ORDER, JUSTICE AND FREEDOM.

Program Service Accomplishments

Program 1

Expenses: $166,040 Revenue: $95,363

I. SEMINARS: FOR STUDENTS, SCHOLARS, TEACHERS, AND THE PUBLIC ARE HELD AT THE RUSSELL KIRK CENTER THROUGHOUT THE YEAR. PARTICIPANTS COME FROM THROUGHOUT THE UNITED STATES AND ABROAD. IN ADDITION, THE KIRK CENTER CO- SPONSORS SEMINARS WITH PUBLIC NON-PROFIT ORGANIZATIONS INCLUDING THE INTERCOLLEGIATE STUDIES INSTITUTE, THE LIBERTY FUND, THE MCCONNELL CENTER, THE EDMUND BURKE SOCIETY, AND THE SOCIETY FOR LAW & CULTURE. WE ALSO COLLABORATE WITH HOPE COLLEGE, HILLSDALE COLLEGE, THE GERALD R. FORD PRESIDENTIAL FOUNDATION, CALVIN UNIVERSITY, THE FUND FOR AMERICAN STUDIES, AND NORTHWOOD UNIVERSITY. BETWEEN 300-500 PEOPLE ATTEND WEEKEND OR DAY EVENTS AT THE CENTER WHILE HUNDREDS MORE ATTEND EVENTS AT THE UNIVERSITIES WITH WHOM WE COOPERATE.

Program 2

Expenses: $60,996

II. FELLOWSHIPS: RESIDENT FELLOWS CONDUCT RESEARCH FOR THEIR THESES, DOCTORAL DISSERTATIONS, OR WRITING PROJECTS WHILE STAYING IN ONE OF FIVE HOUSES NEXT TO THE KIRK CENTER LIBRARY DURING THE FALL...

II. FELLOWSHIPS: RESIDENT FELLOWS CONDUCT RESEARCH FOR THEIR THESES, DOCTORAL DISSERTATIONS, OR WRITING PROJECTS WHILE STAYING IN ONE OF FIVE HOUSES NEXT TO THE KIRK CENTER LIBRARY DURING THE FALL, SPRING, OR SUMMER SEMESTERS. WHILE IN RESIDENCE, THEY GIVE PRESENTATIONS ON THE PROGRESS OF THEIR WORK AND PARTICIPATE IN THE SEMINARS HELD AT THE CENTER. THE CENTER'S AIM IS TO FOSTER A COMMUNITY OF SCHOLARS WHO CARRY THIS EXPERIENCE INTO THEIR FUTURE PROFESSIONAL AND CIVIC COMMUNITIES. VISITING KIRK SCHOLARS COME FOR A WEEK OR TWO FOR RESEARCH AND LECTURE PURPOSES. THE CENTER ALSO HAS AN ACTIVE GROUP OF EIGHT SENIOR FELLOWS THAT PUBLISH AND OTHERWISE REPRESENT THE CENTER IN PRINT AND AT CONFERENCES.

Program 3

Expenses: $21,995

III. LIBRARY AND ARCHIVE: THE KIRK CENTER LIBRARY CONSISTS OF TWELVE THOUSAND VOLUMES AND DOZENS OF PERIODICALS; A MASTER FILE OF KIRK'S ARTICLES, ESSAYS, REVIEWS, AND COLUMNS; A BIBLIOGRAPHY OF ALL OF KIRK'S WRITINGS; AND AN EXTENSIVE ARCHIVE OF KIRK'S CORRESPONDENCE WITH PRESIDENTS, POETS, PUBLISHERS, PHILOSOPHERS, HISTORIANS, AND LITERARY FIGURES. KIRK CENTER PERSONNEL ASSIST STUDENTS, SCHOLARS, AND JOURNALISTS IN FINDING MATERIAL FOR THEIR ARTICLES, DISSERTATIONS, OR BOOKS. THE LIBRARY IS A UNIQUE BUILDING WITH CONFERENCE ROOMS AND AN EXTENSIVE ARCHIVE. IT IS OPEN AND AVAILABLE TO THE FELLOWS SEVEN DAYS A WEEK. COMMUNITY AND COLLEGE ORGANIZATIONS HOLD MEETINGS AND EVENTS IN THE LIBRARY ON A REGULAR BASIS.

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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 $1,119,601

Program Service Revenue $95,363

Investment Income $54,581

Other Revenue $-1,728

TOTAL REVENUE $1,267,817

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $363,864

Fundraising Expenses $154,142

Program Expenses $623,272

Other Expenses $580,578

TOTAL EXPENSES $947,442

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,267,817	$385,672	+2.3%
Expenses	$947,442	$567,944	+0.7%
Net Income	$320,375	$-182,272	-2.8%

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

$117,692

Total Directors