KRASL ART CENTER CHARITABLE TRUST C/O 1ST SOURCE BANK (EIN 386475352) - 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

1984

Legal Domicile

Principal Officer

JIM MOLLISON

Phone

2699822845

Tax Period

2023-01-01 to 2023-12-31

KRASL ART CENTER CHARITABLE TRUST C/O 1ST SOURCE BANK, founded in 1984, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $79K in total revenue in fiscal year 2023. Revenue fell 85% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $60K, a strong 76% operating margin.

Mission

CHARITABLE TRUST EXISTS TO FUND THE OPERATIONS AND ACTIVITIES OF THE KRASL ART CENTER.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $78,504

Other Revenue $0

TOTAL REVENUE $78,504

Expense Breakdown

Grants Paid $12,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,000

Other Expenses $6,648

TOTAL EXPENSES $18,648

Year-over-Year Comparison

	2023	2022	Change
Revenue	$78,504	$510,672	-0.8%
Expenses	$18,648	$20,284	-0.1%
Net Income	$59,856	$490,388	-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

N/A

Independent Members

N/A

Employees

N/A

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
N/A	TRUSTEE	1.00		$0	$5,448	$5,448

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	No data	No data	No data	No data
2023	$78,504	$18,648	$1,287,330	$59,856
2022	$510,672	$20,284	$1,152,454	$490,388
2021	$69,796	$46,570	$663,416	$23,226
2020	$33,429	$24,050	$640,190	$9,379
2019	$31,855	$25,967	$630,811	$5,888
2018	$35,203	$22,672	$624,923	$12,531

KRASL ART CENTER CHARITABLE TRUST C/O 1ST SOURCE BANK