SAUGATUCK CENTER FOR THE ARTS INC (EIN 383557693) - 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

2000

Legal Domicile

Principal Officer

KRISTIN ARMSTRONG

Phone

2698572399

Tax Period

2024-01-01 to 2024-12-31

SAUGATUCK CENTER FOR THE ARTS INC, founded in 2000, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.0M in total revenue in fiscal year 2024.

Mission

THE MISSION OF SAUGATUCK CENTER FOR THE ARTS, INC IS TO TRANSFORM LIVES BY CREATING COMMUNITY, CONNECTING PEOPLE AND SPREADING JOY THROUGH THREE AREAS: ENTERTAINMENT, EDUCATION AND ENGAGEMENT.

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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 $1,479,567

Program Service Revenue $1,233,464

Investment Income $20,601

Other Revenue $276,166

TOTAL REVENUE $3,009,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,548,187

Fundraising Expenses $168,121

Program Expenses $2,790,758

Other Expenses $1,591,492

TOTAL EXPENSES $3,139,679

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,009,798	$2,817,003	+0.1%
Expenses	$3,139,679	$3,108,564	+0.0%
Net Income	$-129,881	$-291,561	-0.6%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

100

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

$159,199

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTIN ARMSTRONG	EXECUTIVE DI	40.00	Officer	$145,365	$13,834	$159,199
JEFF ANTAYA	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ARMSTRONG	CHAIR	2.00	Officer Director	$0	$0	$0
MARY KAY BAKER	DIRECTOR	1.00	Director	$0	$0	$0
GINNY BROOKS	SECRETARY	2.00	Officer Director	$0	$0	$0
PATRICK COYLE	DIRECTOR	1.00	Director	$0	$0	$0
ROXANNE DECYK	DIRECTOR	1.00	Director	$0	$0	$0
JIM HUNDRIESER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MATT JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
CAROL JOSEFOWICZ	DIRECTOR	1.00	Director	$0	$0	$0
MIKE VAN METER	DIRECTOR	1.00	Director	$0	$0	$0
DEB MINTON	DIRECTOR	1.00	Director	$0	$0	$0
DAN RAK	DIRECTOR	1.00	Director	$0	$0	$0
PATSY RAMSEY	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS RANDOLPH	DIRECTOR	1.00	Director	$0	$0	$0
JIM SELLMAN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN STEPHENS	TREASURER	2.00	Officer Director	$0	$0	$0
LISA WYLIE	DIRECTOR	1.00	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
2024	$3,009,798	$3,139,679	$3,087,585	$-129,881
2023	$2,817,003	$3,108,564	$3,109,700	$-291,561
2022	$1,970,415	$2,463,337	$3,363,254	$-492,922
2021	$2,773,239	$1,672,690	$3,881,491	$1,100,549
2020	$1,542,861	$1,235,706	$3,179,750	$307,155
2019	$2,261,583	$1,919,549	$2,795,173	$342,034
2018	$2,080,976	$1,760,304	$2,465,187	$320,672

SAUGATUCK CENTER FOR THE ARTS INC