PHIPPS CENTER FOR THE ARTS INC

EIN: 391360778 501(c)(3) Arts, Culture & Humanities

HUDSON, WI

Total Revenue
$706,649
Total Expenses
$949,323
Total Assets
$9,147,967
Net Assets
$8,881,912
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
WI
Principal Officer
BENJAMIN THIETJE
Phone
7153862305
Tax Period
2024-01-01 to 2024-06-30

PHIPPS CENTER FOR THE ARTS INC, founded in 1980, is a small nonprofit in the Arts, Culture & Humanities sector that reported $707K in total revenue in fiscal year 2024. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $949K exceeded revenue, resulting in a 34% operating deficit.

Mission

THE PHIPPS CENTER FOR THE ARTS, PROPELLED BY OUR COMMUNITY-BASED ARTS COUNCIL, SERVES AS A WELCOMING AND OPEN HOME FOR THE ST. CROIX RIVER VALLEY REGION AND BEYOND, EMPOWERING AND CULTIVATING LIFELONG ARTISTIC EXPRESSION, PARTICIPATION AND APPRECIATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $284,953
Program Service Revenue $312,441
Investment Income $86,415
Other Revenue $22,840
TOTAL REVENUE $706,649

Expense Breakdown

Grants Paid $0
Salaries & Benefits $356,103
Fundraising Expenses $48,058
Program Expenses $808,885
Other Expenses $593,220
TOTAL EXPENSES $949,323

Year-over-Year Comparison

2024 2023 Change
Revenue $706,649 $1,583,707 -0.6%
Expenses $949,323 $1,956,310 -0.5%
Net Income $-242,674 $-372,603 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
15
Independent Members
13
Employees
18
Volunteers
400

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
6
$99,090
Total Directors
15
$12,964
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL MCGINNIS PRESIDENT 2.00
Officer Director
$0 $0 $0
ANDREA VOEKLER VICE PRESIDE 2.00
Officer Director
$0 $0 $0
TOM VAN PELT TREASURER 2.00
Officer Director
$0 $0 $0
MARK SCHAEFFER SECRETARY 2.00
Officer Director
$0 $0 $0
GLORIA ADRIAN BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
TOM DAHLE BOARD MEMBER 1.00
Director
$6,750 $0 $6,750
KENDRA DARE BOARD MEMBER 1.00
Director
$0 $0 $0
ELLEN DENZER MACSWAIN BOARD MEMBER 1.00
Director
$0 $0 $0
TRACY HABISCH-AHLIN BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL HUBER BOARD MEMBER 1.00
Director
$0 $0 $0
GARY JADER BOARD MEMBER 1.00
Director
$0 $0 $0
DAWN LEWANDOWSKI BOARD MEMBER 1.00
Director
$1,011 $0 $1,011
GRETA LEWIS BOARD MEMBER 1.00
Director
$5,203 $0 $5,203
HEIDI TANSOM BOARD MEMBER 1.00
Director
$0 $0 $0
BENJAMIN THIETJE EXECUTIVE DI 40.00
Officer
$44,990 $8,911 $53,901
GAIL O'CONNOR BUSINESS DIR 40.00
Officer
$35,446 $9,743 $45,189
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 $706,649 $949,323 $9,147,967 $-242,674
2023 $1,583,707 $1,956,310 $8,986,190 $-372,603
2022 $1,418,838 $2,018,375 $8,747,205 $-599,537
2021 $2,040,286 $1,611,643 $10,511,884 $428,643
2020 $1,399,130 $1,221,790 $9,453,647 $177,340
2019 $1,437,005 $1,555,961 $9,072,371 $-118,956
2018 $1,441,810 $1,550,920 $8,428,348 $-109,110
Explore More Nonprofits
Top 100 Nonprofits in Wisconsin Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare PHIPPS CENTER FOR THE ARTS INC with other nonprofits in Wisconsin and across the country.