PARTNERSHIP FOR THE ARTS AND HUMANITIES INC (EIN 383643272) - 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

2002

Legal Domicile

Principal Officer

ANN CONKLIN

Phone

7343945138

Tax Period

2024-01-01 to 2024-12-31

PARTNERSHIP FOR THE ARTS AND HUMANITIES INC, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $516K in total revenue in fiscal year 2024. The organization ran a surplus of $154K, a strong 30% operating margin.

Mission

TO EXPAND ARTS AND CULTURAL PROGRAMS IN THE CANTON MICHIGAN AREA. THE VILLAGE ARTS FACTORY IS UTILIZING TWO NATIONALLY REGISTERED HISTORIC STRUCTURES AND BUILDING THEM INTO A STUDIO, GALLERY AND RETAIL SPACE FOR VISUAL ARTISTS.

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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 $269,017

Program Service Revenue $80,205

Investment Income $1,472

Other Revenue $165,140

TOTAL REVENUE $515,834

Expense Breakdown

Grants Paid $0

Salaries & Benefits $183,002

Fundraising Expenses $5,986

Program Expenses $138,385

Other Expenses $178,975

TOTAL EXPENSES $361,977

Year-over-Year Comparison

	2024	2023	Change
Revenue	$515,834	$-1,243,520	-1.4%
Expenses	$361,977	$251,989	+0.4%
Net Income	$153,857	$-1,495,509	-1.1%

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
ERICA COLAIANNE	DIRECTOR	N/A	Director	$0	$0	$0
TANIA GANGULY	DIRECTOR	N/A	Director	$0	$0	$0
JOE MALLULY	DIRECTOR	N/A	Director	$0	$0	$0
LAURA MORTIER	DIRECTOR	N/A	Director	$0	$0	$0
MONICA VIOLA	DIRECTOR	N/A	Director	$0	$0	$0
MARK WALDBAUER	TREASURER	N/A	Director	$0	$0	$0
ANN CONKLIN	PAST CHAIR	N/A	Officer	$0	$0	$0
DAN FISHER	CHAIR	N/A	Officer	$0	$0	$0
STEVEN SNEIDEMAN	VICE CHAIR	N/A	Officer	$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	No data	No data	No data	No data
2024	$515,834	$361,977	$192,241	$153,857
2023	$-1,243,520	$251,989	$42,522	$-1,495,509
2022	$188,794	$165,775	$3,501,150	$23,019
2021	$90,336	$180,835	$3,566,547	$-90,499
2020	$499,097	$194,435	$3,711,241	$304,662
2020	$599,248	$215,659	$3,790,168	$383,589

PARTNERSHIP FOR THE ARTS AND HUMANITIES INC