NORTH TOPEKA ARTS DISTRICT INC (EIN 474579168) - 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

FRANCES K GREY

Phone

7854088996

Tax Period

2024-01-01 to 2024-12-31

NORTH TOPEKA ARTS DISTRICT INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $328K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $421K exceeded revenue, resulting in a 28% operating deficit.

Mission

THE NOTO ARTS AND ENTERTAINMENT DISTRICT CULTIVATES ART AND EXPERIENCES THAT INSPIRE OPPORTUNITY, ENHANCE ECONOMIC VITALITY, AND IMPROVE THE OVERALL QUALITY OF LIFE THROUGHOUT TOPEKA AND THE SURROUNDING AREA.

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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 $187,236

Program Service Revenue $137,327

Investment Income $945

Other Revenue $2,188

TOTAL REVENUE $327,696

Expense Breakdown

Grants Paid $0

Salaries & Benefits $281,915

Fundraising Expenses $0

Program Expenses $264,996

Other Expenses $138,703

TOTAL EXPENSES $420,618

Year-over-Year Comparison

	2024	2023	Change
Revenue	$327,696	$376,968	-0.1%
Expenses	$420,618	$457,146	-0.1%
Net Income	$-92,922	$-80,178	+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

129

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

$100,919

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS UNDERWOOD	FORMER ED	40.00	Officer	$76,877	$0	$76,877
PEDRO CONCEPCION	CEO	40.00	Officer	$24,042	$0	$24,042
LINDSAY BAKER	DIRECTOR	1.00	Director	$0	$0	$0
LISA LARUE BAKER	DIRECTOR	1.00	Director	$0	$0	$0
TAMI CORTEZ	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN FALK	DIRECTOR	1.00	Director	$0	$0	$0
FRANCES K GREY	TREASURER	2.00	Officer Director	$0	$0	$0
MICHAEL HOOPER	DIRECTOR	1.00	Director	$0	$0	$0
MIRIAM KREHBIEL	DIRECTOR	1.00	Director	$0	$0	$0
MATT MCGIVERN	DIRECTOR	1.00	Director	$0	$0	$0
SHELLY MCMASTER	DIRECTOR	1.00	Director	$0	$0	$0
COLE MOSIER	DIRECTOR	1.00	Director	$0	$0	$0
DUSTY NICHOLS	DIRECTOR	1.00	Director	$0	$0	$0
KATHY PFLAUM	DIRECTOR	1.00	Director	$0	$0	$0
ZAC POHLENZ	DIRECTOR	1.00	Director	$0	$0	$0
ADAM ROSDAHL	DIRECTOR	1.00	Director	$0	$0	$0
MARTY SCHLOSSMAN	CHAIR	2.00	Officer Director	$0	$0	$0
DEBBIE SCHWARTZ	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW TAGUE	DIRECTOR	1.00	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
2024	$327,696	$420,618	$987,726	$-92,922
2023	$376,968	$457,146	$1,078,909	$-80,178
2022	$362,439	$340,915	$1,029,406	$21,524
2021	$131,745	$304,494	$941,852	$-172,749
2020	$356,777	$501,578	$1,107,764	$-144,801
2019	$1,403,527	$292,893	$1,524,989	$1,110,634

NORTH TOPEKA ARTS DISTRICT INC