FLINT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE FOUNDATION FOR THE FLINT CULTURAL CENTER IS COMMITTED TO IMPROVING THE QUALITY OF LIFE IN GENESEE COUNTY THROUGH SUPPORT OF THE FLINT CULTURAL CENTER AND ITS VARIOUS ENTITIES. TO ACT ON THIS COMMITMENT, THE FOUNDATION FOR THE FLINT CULTURAL CENTER WILL PROVIDE FINANCIAL SUPPORT TO THE FLINT CULTURAL CENTER CORPORATION, FLINT INSTITUTE OF ARTS, FLINT INSTITUTE OF MUSIC AND COMMUNITY FOUNDATION OF GREATER FLINT.
GRANTS TO SUPPORTED ORGANIZATIONS AND DISTRIBUTIONS FOR PROGRAM-RELATED EXPENSES. THE AMOUNT TO BE SPENT FROM THE ENDOWED FUNDS HAS BEEN STIPULATED BY THE DONOR'S GRANT AGREEMENT, WHICH FOR 2024 WAS...
GRANTS TO SUPPORTED ORGANIZATIONS AND DISTRIBUTIONS FOR PROGRAM-RELATED EXPENSES. THE AMOUNT TO BE SPENT FROM THE ENDOWED FUNDS HAS BEEN STIPULATED BY THE DONOR'S GRANT AGREEMENT, WHICH FOR 2024 WAS 5.0% OF THE AVERAGE FAIR MARKET VALUE OF THE FUNDS OVER THE PREVIOUS TWENTY TRAILING QUARTERS ENDING SEPTEMBER 30TH OF THE IMMEDIATE PRIOR YEAR.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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