BUSINESS CONSORTIUM FOR ARTS SUPPORT (EIN 541437382) - 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

1987

Legal Domicile

Principal Officer

MICHAEL BERLUCCHI

Phone

7573836047

Tax Period

2024-01-01 to 2024-12-31

BUSINESS CONSORTIUM FOR ARTS SUPPORT, founded in 1987, is a small nonprofit that reported $845K in total revenue in fiscal year 2018. Revenue decreased 9% compared to the prior year.

Mission

TO STRENGTHEN MAJOR BUSINESS AND FOUNDATION SUPPORT FOR ARTS AND CULTURAL ORGANIZATIONS OF SOUTH HAMPTON ROADS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $760,475

Program Service Revenue $0

Investment Income $71

Other Revenue $0

TOTAL REVENUE $760,546

Expense Breakdown

Grants Paid $647,513

Salaries & Benefits $91,429

Fundraising Expenses $40,343

Program Expenses $676,918

Other Expenses $19,508

TOTAL EXPENSES $758,450

Year-over-Year Comparison

	2024	2023	Change
Revenue	$760,546	$753,353	+0.0%
Expenses	$758,450	$778,518	0.0%
Net Income	$2,096	$-25,165	-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

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

$77,691

Total Directors

$77,691

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER HUBER	SECRETARY	1.00	Officer Director	$0	$0	$0
KAREN BRADLEY	MEMBER	1.00	Director	$0	$0	$0
SCOTT MCCLUNEY	MEMBER	1.00	Director	$0	$0	$0
LISA D WIGGINTON	VICE PRESIDENT/EXECUTIVE D	40.00	Officer Director	$77,691	$0	$77,691
MICHAEL FOWLER	MEMBER	1.00	Director	$0	$0	$0
DAVID KAMER	MEMBER	1.00	Director	$0	$0	$0
SHANE SMITH	MEMBER	1.00	Director	$0	$0	$0
WALKER PHILLIPS	PRESIDENT	2.00	Officer Director	$0	$0	$0
TOM RETNAUER	MEMBER	1.00	Director	$0	$0	$0
LEWIS W WEBB III	MEMBER	1.00	Director	$0	$0	$0
EVA FERNANDEZ	MEMBER	1.00	Director	$0	$0	$0
JOHNNY JIMENEZ	MEMBER	1.00	Director	$0	$0	$0
DEENEN KEEGAN	MEMBER	1.00	Director	$0	$0	$0
KIM MCMILLAN	MEMBER	1.00	Director	$0	$0	$0
CAROLYN PHILLIPS	MEMBER	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	$760,546	$758,450	$89,674	$2,096
2023	$753,353	$778,518	$87,578	$-25,165
2022	$768,088	$772,923	$112,743	$-4,835
2021	$819,575	$832,832	$117,578	$-13,257
2020	$802,104	$796,625	$130,835	$5,479
2019	$828,210	$820,948	$125,356	$7,262
2018	$844,600	$830,408	$118,094	$14,192

BUSINESS CONSORTIUM FOR ARTS SUPPORT