HARTSELLE FINE ARTS CENTER INC

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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

RANDY GARRISON

Phone

2562276284

Tax Period

2022-01-01 to 2022-12-31

HARTSELLE FINE ARTS CENTER INC, founded in 2011, is a micro nonprofit that reported $179 in total revenue in fiscal year 2022. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $750 exceeded revenue, resulting in a 319% operating deficit.

Mission

THE HARTSELLE FINE ARTS CENTER IS A COMMUNITY SERVICE ORGANIZATION THAT OFFERS AN ENVIRONMENT TO PROMOTE EDUCATION, CREATION AND APPRECIATION OF FINE ARTS ALL WHILE PRESERVING ONE OF HARTSELLES HISTORICAL LANDMARKS.

Program Service Accomplishments

Program 1

Expenses: $562

PROMOTES EDUCATION, CREATION, AND APPRECIATION OF FINE ARTS TO HARTSELLE 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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $179

TOTAL REVENUE $179

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $562

Other Expenses $750

TOTAL EXPENSES $750

Year-over-Year Comparison

	2022	2021	Change
Revenue	$179	$13,058	-1.0%
Expenses	$750	$26,347	-1.0%
Net Income	$-571	$-13,289	-1.0%

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

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
MICHAEL BALLEW	DIRECTOR	N/A	Director	$0	$0	$0
ROBBY CANTRELL	DIRECTOR	N/A	Director	$0	$0	$0
BETTYE ENGLISH	DIRECTOR	N/A	Director	$0	$0	$0
ANDY FAULK	SECRETARY	N/A	Officer Director	$0	$0	$0
RANDY GARRISON	CHAIRMAN	N/A	Officer Director	$0	$0	$0
DAXTON MAZE	DIRECTOR	N/A	Director	$0	$0	$0
DANA MCCUTCHEON	DIRECTOR	N/A	Director	$0	$0	$0
LINDA NEWMAN	TREASURER	N/A	Officer Director	$0	$0	$0
MARIANTHE SNYDER	DIRECTOR	N/A	Director	$0	$0	$0
WANDA THOMPSON	DIRECTOR	N/A	Director	$0	$0	$0
ANN TUCKER	VICE CHAIRMA	N/A	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
2022	$179	$750	No data	$-571
2021	$13,058	$26,347	$181,429	$-13,289
2020	$32,541	$41,152	$194,718	$-8,611
2019	$46,135	$77,405	$203,329	$-31,270
2018	$43,187	$45,419	$234,599	$-2,232