GALENA CENTER FOR THE ARTS INC (EIN 463188962) - 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

2013

Legal Domicile

Principal Officer

MARK SUMPTER

Phone

8157770410

Tax Period

2024-06-01 to 2025-05-31

GALENA CENTER FOR THE ARTS INC, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $473K in total revenue in fiscal year 2024. The organization ran a surplus of $119K, a strong 25% operating margin.

Mission

THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, ARTISTIC AND LITERARY PURPOSES. SUCH PURPOSES MAY INCLUDE BUT ARE NOT LIMITED TO THE DEVELOPMENT OF A SELF-SUSTAINING CENTER FOR THE ARTS IN GALENA, IL. THE ART CENTER IS TO INCLUDE A PERFORMANCE VENUE, GALLERY SPACES, AND EDUCATIONAL PROGRAMMING.

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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 $362,525

Program Service Revenue $45,114

Investment Income $17,364

Other Revenue $48,000

TOTAL REVENUE $473,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $96,281

Fundraising Expenses $43,329

Program Expenses $271,350

Other Expenses $258,065

TOTAL EXPENSES $354,346

Year-over-Year Comparison

	2024	2023	Change
Revenue	$473,003	$446,440	+0.1%
Expenses	$354,346	$348,703	+0.0%
Net Income	$118,657	$97,737	+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

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
PATRICIA BOGGS	DIRECTOR	1.00	Director	$0	$0	$0
JAY DICKERSON	DIRECTOR	1.00	Director	$0	$0	$0
CATHIE ELSBREE	DIRECTOR	1.00	Director	$0	$0	$0
BEN JENKINS	DIRECTOR	1.00	Director	$0	$0	$0
KIM KREISER	DIRECTOR	1.00	Director	$0	$0	$0
PAM POWERS	DIRECTOR	1.00	Director	$0	$0	$0
BIRGIT RADIN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN SCHOENROCK	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE WARNSING	DIRECTOR	1.00	Director	$0	$0	$0
B'ANN DITTMAR	VICE PRESIDE	2.00	Officer	$0	$0	$0
AL JIRKOVSKY	TREASURER	2.00	Officer	$0	$0	$0
COLIN SANDERSON	VICE PRESIDE	2.00	Officer	$0	$0	$0
MARK SUMPTER	PRESIDENT	2.00	Officer	$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	$473,003	$354,346	$2,270,120	$118,657
2024	$446,440	$348,703	$2,262,284	$97,737
2023	$466,028	$321,163	$2,194,743	$144,865
2022	$660,319	$190,486	$2,006,052	$469,833
2021	$1,169,215	$145,215	$1,609,052	$1,024,000

GALENA CENTER FOR THE ARTS INC