CHIPPEWA VALLEY CULTURAL ASSOCIATION INC (EIN 391236476) - 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

1976

Legal Domicile

Principal Officer

DEBRA JOHNSON

Phone

7157234461

Tax Period

2024-12-01 to 2025-11-30

CHIPPEWA VALLEY CULTURAL ASSOCIATION INC, founded in 1976, is a small nonprofit in the Arts, Culture & Humanities sector that reported $565K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $544K left a modest 4% surplus.

Mission

TO RENOVATE AND PRESERVE A HISTORIC BUILDING TO PROVIDE A CULTURAL CENTER IN ORDER TO STIMULATE COMMUNITY INVOLVEMENT AND INTEREST IN ALL FORMS OF THE ARTS

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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 $231,769

Program Service Revenue $306,343

Investment Income $25,928

Other Revenue $976

TOTAL REVENUE $565,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $187,404

Fundraising Expenses $12,339

Program Expenses $521,469

Other Expenses $344,471

TOTAL EXPENSES $544,214

Year-over-Year Comparison

	2024	2023	Change
Revenue	$565,016	$458,863	+0.2%
Expenses	$544,214	$560,869	0.0%
Net Income	$20,802	$-102,006	-1.2%

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

240

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

$84,757

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBRA JOHNSON	EXECUTIVE DI	45.00	Officer	$82,288	$2,469	$84,757
CONNIE FREAGON	VICE PRESIDE	1.00	Director	$0	$0	$0
STEVE HERRIGES	DIRECTOR	1.00	Director	$0	$0	$0
PETER HOLM	DIRECTOR	1.00	Director	$0	$0	$0
TERRI HUTSON	DIRECTOR	1.00	Director	$0	$0	$0
THERESA KORZENIESKI	TREASURER	1.00	Director	$0	$0	$0
MICHAEL MARTELL	DIRECTOR	1.00	Director	$0	$0	$0
JEAN MCILQUHAM	SECRETARY	1.00	Director	$0	$0	$0
SANDI MCCAUSLAND	DIRECTOR	1.00	Director	$0	$0	$0
BEN SMASAL	PRESIDENT	1.00	Director	$0	$0	$0
MARY ROSE WILLI	DIRECTOR	1.00	Director	$0	$0	$0
ROSS WILSON	PAST PRESIDE	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	$565,016	$544,214	$1,346,969	$20,802
2024	$458,863	$560,869	$1,291,589	$-102,006
2023	$622,943	$540,509	$1,297,026	$82,434
2022	$411,482	$482,546	$1,337,599	$-71,064
2021	$747,526	$417,077	$1,510,823	$330,449
2020	$401,823	$388,034	$1,164,286	$13,789
2019	$433,856	$484,468	$1,055,840	$-50,612
2018	$469,076	$444,703	$1,058,523	$24,373

CHIPPEWA VALLEY CULTURAL ASSOCIATION INC