HOMER COUNCIL ON THE ARTS (EIN 510152554) - 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

1975

Legal Domicile

Principal Officer

SCOTT BARTLETT

Phone

9072354288

Tax Period

2024-07-01 to 2025-06-30

HOMER COUNCIL ON THE ARTS, founded in 1975, is a small nonprofit that reported $364K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $346K left a modest 5% surplus.

Mission

HOMER COUNCIL ON THE ARTS PROVIDES OPPORTUNITY FOR ALL PEOPLE IN OUR COMMUNITY TO EXPERIENCE AND PARTICIPATE IN THE ARTS. HCOA PROVIDES ARTS ADVOCACY, ARTS EDUCATION, PERFORMANCE EXHIBIT OPPORTUNITIES AND PRESENTS VISITING ARTISTS FOR THE HOMER COMMUNITY.

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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 $107,018

Program Service Revenue $150,238

Investment Income $2,692

Other Revenue $103,836

TOTAL REVENUE $363,784

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,050

Fundraising Expenses $11,725

Program Expenses $193,588

Other Expenses $223,670

TOTAL EXPENSES $345,720

Year-over-Year Comparison

	2024	2023	Change
Revenue	$363,784	$262,569	+0.4%
Expenses	$345,720	$273,499	+0.3%
Net Income	$18,064	$-10,930	-2.7%

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

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

$58,656

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT BARTLETT	Executive Dir.	40.00	Officer	$58,656	$0	$58,656
MELANIE DUFOUR	Secretary	4.00	Officer Director	$0	$0	$0
SHERRY ROBINSON	President	4.00	Officer Director	$0	$0	$0
JIM ANDERSON	Vice President	4.00	Officer Director	$0	$0	$0
KIM DICKINSON	Director	2.00	Director	$0	$0	$0
MANNFRIED FUNK	Treasurer	4.00	Officer 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
2025	$363,784	$345,720	$453,778	$18,064
2024	$262,569	$273,499	$415,628	$-10,930
2023	$246,344	$257,840	$428,067	$-11,496
2022	$214,170	$192,343	$433,114	$21,827
2021	$267,491	$158,445	$423,237	$109,046
2020	$93,274	$104,649	$315,841	$-11,375
2019	$121,596	$139,033	$322,770	$-17,437
2018	$180,627	$154,163	$347,040	$26,464

HOMER COUNCIL ON THE ARTS