OCTAGON CENTER FOR THE ARTS (EIN 420937490) - 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

ASHLEY RIPPKE

Phone

5152325331

Tax Period

2023-07-01 to 2024-06-30

OCTAGON CENTER FOR THE ARTS, founded in 1966, is a small nonprofit in the Arts, Culture & Humanities sector that reported $178K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $224K exceeded revenue, resulting in a 26% operating deficit.

Mission

AN ART CENTER THAT FOSTERS ACTIVE PARTICIPATION IN THE ARTS BY PROVIDING A PLACE WHERE THE ARTS ARE TAUGHT TO PEOPLE OF ALL AGES;TO GIVE SERIOUS PRACTICING ARTISTS A MEETING PLACE TO WORK TOGETHER,EXCHANGE IDEAS, AND DISCUSS COMMON INTERESTS;AND TO OFFER ACTIVITIES THAT WOULD STIMULATE AND APPRECIATE 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 (2023)

Revenue Breakdown

Contributions & Grants $100,478

Program Service Revenue $55,551

Investment Income $30,353

Other Revenue $-8,173

TOTAL REVENUE $178,209

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,020

Fundraising Expenses $0

Program Expenses $224,423

Other Expenses $130,403

TOTAL EXPENSES $224,423

Year-over-Year Comparison

	2023	2022	Change
Revenue	$178,209	$341,548	-0.5%
Expenses	$224,423	$230,621	0.0%
Net Income	$-46,214	$110,927	-1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Heather Lanning	President	5.00	Officer Director	$0	$0	$0
Sean Thornton	Director	5.00	Officer Director	$0	$0	$0
EMILY HAGER	Treasurer	5.00	Officer Director	$0	$0	$0
MARY RICHARDS	Secretary	5.00	Officer Director	$0	$0	$0
HEATHER JOHNSON	EXECUTIVE DIRECTOR	30.00		$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	No data	No data	No data	No data
2024	$178,209	$224,423	$609,491	$-46,214
2023	$341,548	$230,621	$656,887	$110,927
2022	$208,870	$235,161	$545,263	$-26,291
2021	$315,556	$194,625	$563,893	$120,931
2020	$176,555	$217,027	$471,974	$-40,472
2019	$266,820	$265,607	$488,868	$1,213
2018	$232,483	$240,083	$486,512	$-7,600

OCTAGON CENTER FOR THE ARTS