FOUNDATION FOR ARTS AND CULTURAL CONNECTIONS INC (EIN 454000275) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

EILEEN KUNZMAN

Phone

2055956306

Tax Period

2024-01-01 to 2024-12-31

FOUNDATION FOR ARTS AND CULTURAL CONNECTIONS INC, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $400K in total revenue in fiscal year 2018. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

TO DEVELOP ARTS AND CULTURAL EXPERIENCES FOR THE COMMUNITY THROUGH PARTNERSHIPS CREATING EDUCATIONAL OPPORTUNITIES, DIALOGUE, EXPERIMENTATION AND APPRECIATION OF THE ARTS, DESIGN ARTS, NATURE AND SUSTAINABILITY INITIATIVES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $62,385

Program Service Revenue $284,417

Investment Income $0

Other Revenue $0

TOTAL REVENUE $346,802

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $369,621

Other Expenses $381,005

TOTAL EXPENSES $381,005

Year-over-Year Comparison

	2024	2023	Change
Revenue	$346,802	$382,269	-0.1%
Expenses	$381,005	$379,658	+0.0%
Net Income	$-34,203	$2,611	-14.1%

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

200

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

$106,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY BOEHM	DIRECTOR	1.00	Director	$0	$0	$0
JUDY THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE ESTES BILLMEIER	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER WHISENANT	DIRECTOR	1.00	Director	$0	$0	$0
DAN BYNUM	DIRECTOR	1.00	Director	$0	$0	$0
KATE CLEVELAND	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN REIDER	DIRECTOR & VP	1.00	Officer	$0	$0	$0
EILEEN KUNZMAN	DIRECTOR & PRESIDENT	40.00	Officer	$0	$54,060	$54,060
ALEX KUNZMAN	SECRETARY & TREASURER	40.00	Officer	$0	$51,940	$51,940

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	$346,802	$381,005	$114,851	$-34,203
2023	$382,269	$379,658	$149,054	$2,611
2022	$323,137	$295,754	$146,443	$27,383
2021	$354,460	$249,449	$119,060	$105,011
2020	$175,854	$211,904	$14,049	$-36,050
2019	$411,495	$427,720	$56,099	$-16,225
2018	$399,814	$419,934	$55,710	$-20,120

FOUNDATION FOR ARTS AND CULTURAL CONNECTIONS INC