VILLAGE ARTS INC (EIN 450316912) - 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

1972

Legal Domicile

Principal Officer

AMY CASAVANT

Phone

3016936463

Tax Period

2024-01-01 to 2024-12-31

VILLAGE ARTS INC, founded in 1972, is a micro nonprofit that reported $50K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $100K exceeded revenue, resulting in a 99% operating deficit.

Mission

PROVIDE OPPORTUNITIES THAT STIMULATE INTEREST AND PARTICIPATION IN THE FINE ART OF MUSIC, THEATRE ARTS, DANCE, WRITING AND VISUAL 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 $26,576

Program Service Revenue $23,601

Investment Income $104

Other Revenue $0

TOTAL REVENUE $50,281

Expense Breakdown

Grants Paid $300

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $97,586

Other Expenses $99,711

TOTAL EXPENSES $100,011

Year-over-Year Comparison

	2024	2023	Change
Revenue	$50,281	$46,277	+0.1%
Expenses	$100,011	$76,640	+0.3%
Net Income	$-49,730	$-30,363	+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

N/A

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
AMY CASAVANT	PRESIDENT	2.00	Officer	$0	$0	$0
JULIA PETROVIC	VICE PRESIDE	2.00	Officer	$0	$0	$0
ANDEE MATTSON	SECRETARY	2.00	Officer	$0	$0	$0
KEEYA HAGER	TREASURER	2.00	Officer	$0	$0	$0
JONNY SKIPPER	BOARD MEMBER	2.00	Director	$0	$0	$0
SARAH HUWE	BOARD MEMBER	2.00	Director	$0	$0	$0
TABITHA HUWE	BOARD MEMBER	2.00	Director	$0	$0	$0
MARY LINDSETH	BOARD MEMBER	2.00	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
2024	$50,281	$100,011	$917,254	$-49,730
2023	$46,277	$76,640	$966,984	$-30,363
2022	$66,940	$71,179	$1,000,581	$-4,239
2021	$72,581	$60,560	$1,004,820	$12,021
2020	$44,015	$49,367	$992,799	$-5,352
2019	$1,006,297	$32,259	$998,151	$974,038

VILLAGE ARTS INC