THE AUSTIN AREA COMMISSION FOR THE ARTS INC (EIN 411650727) - 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

1990

Legal Domicile

Principal Officer

PENNY KINNEY

Phone

5074340934

Tax Period

2023-01-01 to 2023-12-31

THE AUSTIN AREA COMMISSION FOR THE ARTS INC, founded in 1990, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $459K in total revenue in fiscal year 2023. Expenses of $598K exceeded revenue, resulting in a 30% operating deficit.

Mission

APPLAUD AND ADVANCE ALL ARTS BY WELCOMING DIVERSE, CREATIVE INDIVIDUALS TO INSPIRE OUR COMMUNITY.

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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 $373,371

Program Service Revenue $86,226

Investment Income $5,809

Other Revenue $-6,671

TOTAL REVENUE $458,735

Expense Breakdown

Grants Paid $0

Salaries & Benefits $240,831

Fundraising Expenses $0

Program Expenses $629,216

Other Expenses $356,856

TOTAL EXPENSES $597,687

Year-over-Year Comparison

	2023	2022	Change
Revenue	$458,735	$449,988	+0.0%
Expenses	$597,687	$787,223	-0.2%
Net Income	$-138,952	$-337,235	-0.6%

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

250

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

$78,170

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PENNY KINNEY	PRESIDENT	5.00	Officer Director	$0	$0	$0
RAE DAWN RAO	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
MICHELLE LILLY	TREASURER	5.00	Officer Director	$0	$0	$0
RICK YOUNG	SECRETARY	5.00	Officer Director	$0	$0	$0
AUSTERE APOLLO	DIRECTOR	1.00	Director	$0	$0	$0
DOMONIQUE VENZANT	DIRECTOR	1.00	Director	$0	$0	$0
ISAAC LEYK	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BECKMAN	DIRECTOR	1.00	Director	$0	$0	$0
KANDACE FEIST	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN OLSON	DIRECTOR	1.00	Director	$0	$0	$0
LAURA S HELLE	EXECUTIVE DIRECTOR	40.00	Officer	$78,170	$0	$78,170

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	$458,735	$597,687	$2,520,893	$-138,952
2022	$449,988	$787,223	$2,713,325	$-337,235
2021	$737,066	$490,471	$3,054,473	$246,595
2020	$703,498	$405,741	$3,088,525	$297,757
2019	$467,834	$539,438	$2,534,483	$-71,604
2018	$595,725	$559,551	$2,563,508	$36,174

THE AUSTIN AREA COMMISSION FOR THE ARTS INC