VERMILLION CULTURAL ASSOCIATION (EIN 474247389) - 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

2015

Legal Domicile

Principal Officer

Mary Giffin

Phone

6056243331

Tax Period

2023-01-01 to 2023-12-31

VERMILLION CULTURAL ASSOCIATION, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $201K in total revenue in fiscal year 2019.

Mission

The Vermillion Cultural Association Inc mission is to make Vermillion the creative center of the region by developing and supporting cultural opportunities for the community.

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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 (2023)

Revenue Breakdown

Contributions & Grants $23,044

Program Service Revenue $26,313

Investment Income $6,697

Other Revenue $151,120

TOTAL REVENUE $207,174

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $97,711

Fundraising Expenses $0

Program Expenses $132,990

Other Expenses $112,323

TOTAL EXPENSES $216,034

Year-over-Year Comparison

	2023	2022	Change
Revenue	$207,174	$393,212	-0.5%
Expenses	$216,034	$268,544	-0.2%
Net Income	$-8,860	$124,668	-1.1%

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

Volunteers

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

$30,568

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shannon Cole	Executive Director	30	Key Emp Highest	$30,568	$0	$30,568
Susan Heggestad	President	2	Officer Director	$0	$0	$0
Susan Tuve	Vice-President	1	Officer Director	$0	$0	$0
Mary Giffin	Treasurer	1	Officer Director	$0	$0	$0
Kevin Bliss	Director	1	Director	$0	$0	$0
Marcus Destin	Director	1	Director	$0	$0	$0
Ruth Hamel	Director	1	Director	$0	$0	$0
Bruce Kelley	Director	1	Director	$0	$0	$0
John Little	Director	1	Director	$0	$0	$0
Joe Raiche	Director	1	Director	$0	$0	$0
Ariel Wai	Director	1	Director	$0	$0	$0
Susan Gapp	Director	0	Director	$0	$0	$0
Miles Amende	Director	1	Director	$0	$0	$0
Greg Redlin	Director/Founding Member	1		$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	No data	No data	No data	No data
2023	$207,174	$216,034	$426,944	$-8,860
2022	$393,212	$268,544	$596,393	$124,668
2021	$301,027	$170,861	$470,853	$130,166
2020	$160,033	$169,465	$327,057	$-9,432
2019	$200,559	$216,618	$336,263	$-16,059

VERMILLION CULTURAL ASSOCIATION