HOLMES CENTER FOR THE ARTS LTD

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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

2015

Legal Domicile

Principal Officer

HOLLEY JOHNSON

Phone

3304732879

Tax Period

2024-01-01 to 2024-12-31

HOLMES CENTER FOR THE ARTS LTD, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $532K in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $220K, a strong 41% operating margin.

Mission

THE MISSION OF THE HOLMES CENTER FOR THE ARTS IS TO PROVIDE EDUCATIONAL AND PERFORMING OPPORTUNITIES IN THE ARTS FOR INDIVIDUALS OF ALL ECONOMIC AND SOCIAL BACKGROUNDS WITHIN A WHOLESOME, FAMILY-ORIENTED ATMOSPHERE AND TO ENRICH OUR COMMUNITY THROUGH THOSE ARTISTIC EXPERIENCES.

Program Service Accomplishments

Program 1

Expenses: $240,706

WITH GRANTS, CONTRIBUTIONS AND FUNDRAISING, WE ARE ABLE TO PROVIDE EDUCATIONAL AND PERFORMING OPPORTUNITIES FOR INTERESTED STUDENTS OF ALL AGES.

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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 $330,149

Program Service Revenue $147,944

Investment Income $13,242

Other Revenue $41,005

TOTAL REVENUE $532,340

Expense Breakdown

Grants Paid $0

Salaries & Benefits $138,321

Fundraising Expenses $3,293

Program Expenses $240,706

Other Expenses $173,938

TOTAL EXPENSES $312,259

Year-over-Year Comparison

	2024	2023	Change
Revenue	$532,340	$1,015,187	-0.5%
Expenses	$312,259	$297,251	+0.1%
Net Income	$220,081	$717,936	-0.7%

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

$49,369

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOLLEY JOHNSON	EXECUTIVE DI	35.00	Director	$49,369	$0	$49,369
OLIVIA MALTRICH	TRUSTEE	2.00	Director	$0	$0	$0
MARK MILLER	TRUSTEE	2.00	Director	$0	$0	$0
KIM MULLET	TRUSTEE	2.00	Director	$0	$0	$0
CHERYL SHAVER	TRUSTEE	2.00	Director	$0	$0	$0
NATALIE SMALL	TRUSTEE	2.00	Director	$0	$0	$0
STEVE KILPATRICK	TREASURER	6.00	Officer	$0	$0	$0
SUSAN LEHMAN	SECRETARY	2.00	Officer	$0	$0	$0
MARIANNE MADER	PRESIDENT	2.00	Officer	$0	$0	$0
JAY MCCULLOCH	VICE PRESIDE	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
2024	$532,340	$312,259	$3,480,692	$220,081
2023	$1,015,187	$297,251	$3,277,278	$717,936
2022	$1,087,238	$294,946	$2,576,009	$792,292
2022	$1,087,238	$294,946	$2,576,009	$792,292
2021	$854,746	$153,753	$2,036,662	$700,993
2020	$204,072	$109,914	$666,881	$94,158
2019	$570,912	$141,390	$540,529	$429,522