FOUNDATION FOR THE FLINT CULTURAL CENTER (EIN 383573890) - 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

DANIEL KILDEE

Phone

8107678270

Tax Period

2024-01-01 to 2024-12-31

FOUNDATION FOR THE FLINT CULTURAL CENTER, founded in 2000, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2024. Revenue fell 67% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $517K, a strong 31% operating margin.

Mission

TO RECEIVE AND ADMINISTER FUNDS AND TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF THE PUBLICLY SUPPORTED ORGANIZATIONS REPORTED IN SCHEDULE A.

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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 $0

Program Service Revenue $0

Investment Income $1,662,586

Other Revenue $0

TOTAL REVENUE $1,662,586

Expense Breakdown

Grants Paid $968,426

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,033,287

Other Expenses $177,248

TOTAL EXPENSES $1,145,674

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,662,586	$5,115,281	-0.7%
Expenses	$1,145,674	$1,122,228	+0.0%
Net Income	$516,912	$3,993,053	-0.9%

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

$426,260

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERRI STEPHENS	CHAIR	1.00	Officer Director	$0	$0	$0
F JAMES CUMMINS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RAYMOND KELLY III	SECRETARY	1.00	Officer Director	$0	$0	$0
LENNETTA CONEY	DIRECTOR	1.00	Director	$0	$0	$0
TOM LILLIE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MELENBRINK	DIRECTOR	1.00	Director	$0	$0	$0
JIM JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN KOEGEL	DIRECTOR	1.00	Director	$0	$0	$0
BRETT HUNKINS	CFO/TREASURER	1.00	Officer	$0	$5,586	$121,179
MARK MILLER	INTERIM PRESIDENT AND CEO	1.00	Officer	$0	$0	$276,000
DAVID MCGHEE	EVP & COO/TREASURER	1.00	Officer	$0	$2,712	$29,081
KELLI GLOMSKI	DIRECTOR OF FINANCE	1.00	Highest	$0	$21,230	$151,732

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	$1,662,586	$1,145,674	$51,653,584	$516,912
2023	$5,115,281	$1,122,228	$48,068,329	$3,993,053
2022	$9,119,519	$1,069,861	$39,616,827	$8,049,658
2021	$6,392,203	$1,029,704	$38,034,949	$5,362,499
2020	$5,184,379	$1,040,350	$30,840,599	$4,144,029
2019	$4,941,733	$1,009,507	$24,222,613	$3,932,226
2018	$1,049,451	$989,895	$18,134,173	$59,556

FOUNDATION FOR THE FLINT CULTURAL CENTER