HANCOCK COUNTY PERFORMING ARTS CENTER (EIN 460912382) - 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

2012

Legal Domicile

Principal Officer

Heather Clow

Phone

4194232787

Tax Period

2024-07-01 to 2025-06-30

HANCOCK COUNTY PERFORMING ARTS CENTER, founded in 2012, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.7M in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Net assets of $14.0M represent 62 months of operating reserves.

Mission

Enriching the community through arts, culture and entertainment.

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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 $1,757,883

Program Service Revenue $921,627

Investment Income $16,630

Other Revenue $0

TOTAL REVENUE $2,696,140

Expense Breakdown

Grants Paid $18,832

Salaries & Benefits $734,633

Fundraising Expenses $108,994

Program Expenses $2,278,492

Other Expenses $1,885,095

TOTAL EXPENSES $2,638,560

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,696,140	$4,263,196	-0.4%
Expenses	$2,638,560	$4,194,101	-0.4%
Net Income	$57,580	$69,095	-0.2%

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

159

Volunteers

150

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

$107,734

Total Directors

Key Employees

$183,349

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Heather Clow	Executive Director	50	Officer Key Emp Highest	$107,734	$0	$107,734
Randall Ward	Finance Director	40	Key Emp	$75,615	$0	$75,615
Amy Hackenberg	Treasurer	1	Director	$0	$0	$0
Darin Fields	President	1	Director	$0	$0	$0
Julie Needler-Anderson	Director	1	Director	$0	$0	$0
Paul Schmelzer	Director	1	Director	$0	$0	$0
Rick Lofgren	Vice President	1	Director	$0	$0	$0
Ryan Aschemeier	Director	1	Director	$0	$0	$0
Matt Black	Director	1	Director	$0	$0	$0
Tracy Haines-Koehler	Secretary	1	Director	$0	$0	$0
Jay Yeater	Director	1	Director	$0	$0	$0
Michael Lewis	Director	1	Director	$0	$0	$0
Susan Ross-Wells	Director	1	Director	$0	$0	$0
Marie Swaisgood	Director	1	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	$2,696,140	$2,638,560	$14,336,320	$57,580
2024	$4,263,196	$4,194,100	$14,568,972	$69,096
2023	$2,403,186	$2,787,905	$15,106,863	$-384,719
2022	$2,357,561	$2,481,204	$15,596,185	$-123,643
2021	$1,202,199	$2,142,364	$16,161,119	$-940,165

HANCOCK COUNTY PERFORMING ARTS CENTER