MARK ARTS INC

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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

1920

Legal Domicile

Principal Officer

KATY DORRAH

Phone

3166342787

Tax Period

2024-04-01 to 2025-03-31

MARK ARTS INC, founded in 1920, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.4M in total revenue in fiscal year 2024. Revenue surged 640% from the prior year, signaling strong growth momentum. The organization ran a surplus of $885K, a strong 26% operating margin.

Mission

TO BE A VIBRANT ARTS HUB IN WICHITA AND THE REGION BY PROVIDING OPPORTUNITIES TO APPRECIATE AND CREATE ART IN AN ATMOSPHERE OF LIFELONG LEARNING.

Program Service Accomplishments

Program 1

Expenses: $950,808 Revenue: $404,796

EDUCATION - YEAR ROUND ART CLASSES, WORKSHOPS & CAMPS ARE PROVIDED FOR ADULTS AND CHILDREN. SEVERAL WORKSHOPS ARE TAUGHT BY VISITING ARTISTS. APPROX. 2,700 STUDENTS PARTICIPATE IN CLASSES EACH YEAR IN EIGHT STUDIOS: 2 FOR DRAWING/PAINTING, CERAMICS, SCULPTURE, METALS, PRINTMAKING, YOUTH & CULINARY ARTS.

Program 2

Expenses: $762,444 Revenue: $364,942

GALLERY - THE ART GALLERIES ARE FREE AND OPEN TO THE PUBLIC WITH APPROXIMATELY 21 DIFFERENT EXHIBITS SHOWN ANNUALLY AND APPROXIMATELY 50,000 VISITORS EACH YEAR. GALLERY SPACES INCLUDE THE WIEDEMANN GALLERY, SCHOOL OF CREATIVITY COMMONS, YOUTH GALLERY, AND PRINT GALLERY IN THE GREAT HALL.

Program 3

Expenses: $314,898 Revenue: $255,556

EVENT CENTER: HOME TO THE PRINT GALLERY, THE EVENT CENTER PROVIDES OPPORTUNITY FOR GROUPS TO GATHER IN AN ART-FILLED ENVIRONMENT, ENCOURAGING LIFELONG LEARNING AND APPRECIATION FOR THE VISUAL ARTS.

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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 $1,918,359

Program Service Revenue $1,025,294

Investment Income $385,865

Other Revenue $101,252

TOTAL REVENUE $3,430,770

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,191,417

Fundraising Expenses $219,103

Program Expenses $2,028,150

Other Expenses $1,354,402

TOTAL EXPENSES $2,545,819

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,430,770	$463,511	+6.4%
Expenses	$2,545,819	$638,237	+3.0%
Net Income	$884,951	$-174,726	-6.1%

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

248

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

$189,670

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR SYLVIA OROZCO-DO	PRESIDENT	1.00	Officer Director	$0	$0	$0
NICOLE EASTON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STEPHANIE SCHECK	SECRETARY	1.00	Officer Director	$0	$0	$0
ERIC IRELAND	TREASURER	1.00	Officer Director	$0	$0	$0
BETH CAROLSON	TRUSTEE	1.00	Director	$0	$0	$0
CARA CHENNAULT-REID	TRUSTEE	1.00	Director	$0	$0	$0
SEAN LARSON	TRUSTEE	1.00	Officer Director	$0	$0	$0
RACHEL AJA	TRUSTEE	1.00	Director	$0	$0	$0
DOUG BRANTNER	TRUSTEE	1.00	Director	$0	$0	$0
MOLLY BREITENBACH	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS BRUNNER	TRUSTEE	1.00	Director	$0	$0	$0
ANNE BUFORD	TRUSTEE	1.00	Director	$0	$0	$0
TORY DEMARCE	TRUSTEE	1.00	Director	$0	$0	$0
KATHERINE ELDER	TRUSTEE	1.00	Director	$0	$0	$0
SARA GARRISON	TRUSTEE	1.00	Director	$0	$0	$0
JOE GIFFIN	TRUSTEE	1.00	Director	$0	$0	$0
DEB LUCIA	TRUSTEE	1.00	Director	$0	$0	$0
MORGAN OVERMAN	TRUSTEE	1.00	Director	$0	$0	$0
SARAH PATTERSON	TRUSTEE	1.00	Director	$0	$0	$0
MATT VERMEEREN	TRUSTEE	1.00	Director	$0	$0	$0
JOHNATHAN WEIGAND	TRUSTEE	1.00	Director	$0	$0	$0
KATY DORRAH	CEO	40.00	Officer	$177,483	$12,187	$189,670

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	$3,430,770	$2,545,819	$24,739,630	$884,951
2023	$2,003,373	$2,507,594	$23,443,490	$-504,221
2022	$2,883,144	$2,200,402	$23,599,298	$682,742
2021	$2,389,288	$1,795,028	$23,539,430	$594,260
2020	$1,155,196	$1,654,719	$22,637,828	$-499,523
2019	$2,423,923	$1,923,927	$22,803,228	$499,996
2018	$1,480,699	$1,873,469	$21,764,580	$-392,770