CENTER FOR THE ARTS OF GREATER LAPEER (EIN 383610263) - 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

2003

Legal Domicile

Phone

8106644824

Tax Period

2024-07-01 to 2025-06-30

CENTER FOR THE ARTS OF GREATER LAPEER, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $494K in total revenue in fiscal year 2024. Expenses of $443K left a modest 10% surplus.

Mission

FACILITATE PROGRAMS AND ACTIVITIES WHICH INCREASE ACCESSIBILITY TO ARTISTIC AND CULTURAL OPPORTUNITIES; FACILITATE CULTURAL EDUCATION PROGRAMS; PROMOTE LOCAL ARTISTS AND CRAFTSMEN; AND ENCOURAGE HISTORIC PRESERVATION OF THE PIX THEATRE LOCATED IN LAPEER, MICHIGAN.

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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 $279,501

Program Service Revenue $178,044

Investment Income $2,483

Other Revenue $33,752

TOTAL REVENUE $493,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $129,040

Fundraising Expenses $12,748

Program Expenses $391,133

Other Expenses $312,988

TOTAL EXPENSES $443,326

Year-over-Year Comparison

	2024	2023	Change
Revenue	$493,780	$514,872	0.0%
Expenses	$443,326	$449,410	0.0%
Net Income	$50,454	$65,462	-0.2%

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

N/A

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
PAT BELLINGER	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL BRUFF	TREASURER	3.00	Officer Director	$0	$0	$0
KELLA CARTER	DIRECTOR	1.00	Director	$0	$0	$0
CAROL FISCHHABER	DIRECTOR	1.00	Director	$0	$0	$0
CATHY BENTON	VICE CHAIRPERSON	3.00	Officer Director	$0	$0	$0
MARIANNA FIEDOR	DIRECTOR	1.00	Director	$0	$0	$0
RICK VANHAAFTEN	CHAIRPERSON	4.00	Officer Director	$0	$0	$0
EMILY CASWELL	SECRETARY	1.00	Officer Director	$0	$0	$0
NICK LANGE	DIRECTOR	1.00	Director	$0	$0	$0
KENT ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN GRIGGS	DIRECTOR	8.00	Director	$0	$0	$0
SUE GREGORY	DIRECTOR	1.00	Director	$0	$0	$0
TIM ROODVOETS	DIRECTOR	1.00	Director	$0	$0	$0
OLIVIA PHILLIPS	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
2025	$493,780	$443,326	$194,048	$50,454
2024	$514,872	$449,410	$143,708	$65,462
2023	$348,041	$406,509	$76,286	$-58,468
2022	$506,776	$413,248	$136,111	$93,528
2021	$256,895	$227,168	$40,889	$29,727
2020	$341,684	$339,039	$18,302	$2,645
2019	$347,664	$368,054	$12,139	$-20,390
2018	$333,047	$340,036	$23,982	$-6,989

CENTER FOR THE ARTS OF GREATER LAPEER