BELMOND AREA ARTS COUNCIL (EIN 421157960) - 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

1978

Legal Domicile

Principal Officer

PAMELA M TRAUSCH

Phone

6414444279

Tax Period

2024-09-01 to 2025-08-31

BELMOND AREA ARTS COUNCIL, founded in 1978, is a small nonprofit that reported $491K in total revenue in fiscal year 2024. Revenue surged 99% from the prior year, signaling strong growth momentum. The organization ran a surplus of $220K, a strong 45% operating margin.

Mission

ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES ARE TO PROMOTE CULTURAL ARTS IN THE NORTH CENTRAL IOWA AREA, INCLUDING THE JENISON MEACHAM MEMORIAL ART CENTER AND FARM. THE FARM SITE INCLUDES MANY AGRICULTURAL ARTIFACTS. THE ART CENTER HAS A PERMANENT COLLECTION AND HOSTS VARIOUS ART SHOWS DURING THE YEAR.

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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 $365,005

Program Service Revenue $30,369

Investment Income $63,575

Other Revenue $31,743

TOTAL REVENUE $490,692

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,633

Fundraising Expenses $0

Program Expenses $270,731

Other Expenses $234,098

TOTAL EXPENSES $270,731

Year-over-Year Comparison

	2024	2023	Change
Revenue	$490,692	$246,086	+1.0%
Expenses	$270,731	$251,226	+0.1%
Net Income	$219,961	$-5,140	-43.8%

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
SHALLON WEIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRAD BERNEMAN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JORDAN HEIDEN	SECRETARY	1.00	Officer Director	$0	$0	$0
PAMELA M TRAUSCH	TREASURER	1.00	Officer 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	$490,692	$270,731	$1,193,479	$219,961
2024	$246,086	$251,226	$982,076	$-5,140
2023	$244,604	$248,889	$982,380	$-4,285
2022	$228,285	$278,841	$963,417	$-50,556
2021	$225,960	$144,062	$1,033,508	$81,898
2020	$208,908	$170,842	$956,596	$38,066
2019	$212,853	$244,187	$915,230	$-31,334
2018	$226,974	$235,864	$955,486	$-8,890

BELMOND AREA ARTS COUNCIL