MUNCIE ARTS & CULTURE COUNCIL INC (EIN 452483360) - 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

2011

Legal Domicile

Principal Officer

MEGAN QUIRK

Phone

7652010182

Tax Period

2023-01-01 to 2023-12-31

MUNCIE ARTS & CULTURE COUNCIL INC, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $285K in total revenue in fiscal year 2023. Revenue fell 71% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $72K, a strong 25% operating margin.

Mission

WE ASSIST WITH MUNICIPAL INITIATIVES WHERE ART INTEGRATION CAN BENEFIT ECONOMIC DEVELOPMENT AND QUALITY OF PLACE, BUILD COMMUNITY AMONG ARTISTS AND ARTS ORGANIZATIONS, AND SERVE AS A RESOURCE FOR PROFESSIONAL GROWTH AND OPPORTUNITY.

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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 $284,298

Program Service Revenue $674

Investment Income $1

Other Revenue $0

TOTAL REVENUE $284,973

Expense Breakdown

Grants Paid $0

Salaries & Benefits $59,901

Fundraising Expenses $21,106

Program Expenses $147,749

Other Expenses $153,420

TOTAL EXPENSES $213,321

Year-over-Year Comparison

	2023	2022	Change
Revenue	$284,973	$975,252	-0.7%
Expenses	$213,321	$152,088	+0.4%
Net Income	$71,652	$823,164	-0.9%

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

N/A

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
MEGAN QUIRK	PRESIDENT	2.00	Officer Director	$0	$0	$0
KIM MILLER	VP/SECRETARY	2.00	Officer Director	$0	$0	$0
JENNIFER HEALY-JOHNSON	TREASURER	2.00	Officer Director	$0	$0	$0
BENJAMIN BASCOM	DIRECTOR	0.50	Director	$0	$0	$0
BRENT COLE	DIRECTOR	0.50	Director	$0	$0	$0
CS HENDERSHOT	DIRECTOR	0.50	Director	$0	$0	$0
MICHELLE KINSEY	DIRECTOR	0.50	Director	$0	$0	$0
AKILAH NOSAKHERE	DIRECTOR	0.50	Director	$0	$0	$0
ZACH POOR	DIRECTOR	0.50	Director	$0	$0	$0
DAVE FRANKLIN	PAST PRESIDE	0.50	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	No data	No data	No data	No data
2023	$284,973	$213,321	$1,091,110	$71,652
2022	$975,252	$152,088	$1,020,799	$823,164
2021	$221,987	$120,511	$196,871	$101,476

MUNCIE ARTS & CULTURE COUNCIL INC