ARTS COUNCIL OF GREATER KALAMAZOO (EIN 386121183) - 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

1966

Legal Domicile

Principal Officer

KRISTEN CHESAK

Phone

2693425059

Tax Period

2024-10-01 to 2025-09-30

ARTS COUNCIL OF GREATER KALAMAZOO, founded in 1966, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

SUPPORT, PROMOTE AND FUND THE ARTS IN KALAMAZOO COUNTY.

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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 $1,113,448

Program Service Revenue $134,259

Investment Income $9,730

Other Revenue $91,174

TOTAL REVENUE $1,348,611

Expense Breakdown

Grants Paid $164,397

Salaries & Benefits $582,336

Fundraising Expenses $68,363

Program Expenses $1,213,955

Other Expenses $728,599

TOTAL EXPENSES $1,475,332

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,348,611	$1,544,580	-0.1%
Expenses	$1,475,332	$1,450,930	+0.0%
Net Income	$-126,721	$93,650	-2.4%

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

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

$95,664

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTEN CHESAK	EXECUTIVE DI	40.00	Officer	$95,664	$0	$95,664
BOB MILLER	PRESIDENT	2.00	Officer Director	$0	$0	$0
SIMON A THALMANN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JACQUELYN DEWATERS	TREASURER	2.00	Officer Director	$0	$0	$0
NADEAN KNIGHT	SECRETARY	2.00	Officer Director	$0	$0	$0
JOEL AMOS	MEMBER	1.00	Director	$0	$0	$0
MICHAEL BEYENE	MEMBER	1.00	Director	$0	$0	$0
SHONDA BUCHANAN	MEMBER	1.00	Director	$0	$0	$0
KANDY GRADY	MEMBER	1.00	Director	$0	$0	$0
THOMAS HAMANN	MEMBER	1.00	Director	$0	$0	$0
BECKY HARTZELL	FINANCE COMM	1.00	Director	$0	$0	$0
KAYLYNN LINSLEY	FINANCE COMM	1.00	Director	$0	$0	$0
MONTANA MAJOR	FINANCE COMM	1.00	Director	$0	$0	$0
NICOLE MARQUES	MEMBER	1.00	Director	$0	$0	$0
REMI HARRINGTON	MEMBER	1.00	Director	$0	$0	$0
ROBIN NOTT	MEMBER	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	$1,348,611	$1,475,332	$1,055,234	$-126,721
2024	$1,544,580	$1,450,930	$1,174,209	$93,650
2023	$1,334,637	$1,434,099	$990,810	$-99,462
2022	$1,051,744	$1,354,917	$1,066,626	$-303,173
2021	$1,153,403	$1,075,223	$1,347,014	$78,180
2020	$1,357,911	$1,194,365	$1,273,883	$163,546
2019	$1,209,314	$1,095,153	$1,088,744	$114,161
2018	$1,057,479	$870,054	$985,135	$187,425

ARTS COUNCIL OF GREATER KALAMAZOO