Parkersburg Art Center Inc (EIN 550526227) - 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

1965

Legal Domicile

Principal Officer

Donna Smith

Phone

3044853859

Tax Period

2024-07-01 to 2025-06-30

Parkersburg Art Center Inc, founded in 1965, is a small nonprofit in the Arts, Culture & Humanities sector that reported $556K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $643K exceeded revenue, resulting in a 16% operating deficit.

Mission

PROMOTE SUPPORT AND DISPLAY THE WORKS OF VISUAL ARTISTS IN THE MID OHIO VALLEY.

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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 $226,885

Program Service Revenue $222,992

Investment Income $85,329

Other Revenue $20,934

TOTAL REVENUE $556,140

Expense Breakdown

Grants Paid $0

Salaries & Benefits $395,775

Fundraising Expenses $163,013

Program Expenses $284,928

Other Expenses $246,921

TOTAL EXPENSES $642,696

Year-over-Year Comparison

	2024	2023	Change
Revenue	$556,140	$592,962	-0.1%
Expenses	$642,696	$582,207	+0.1%
Net Income	$-86,556	$10,755	-9.0%

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

$114,790

Total Directors

$114,790

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT NEWELL	CHAIR	4.00	Officer Director	$0	$0	$0
CHRIS CARMICLE	TRUSTEE	1.00	Director	$0	$0	$0
JUSTIN PAPANIA	TRUSTEE	1.00	Director	$0	$0	$0
KELLEY CARTWRIGHT	SECRETARY	2.00	Officer Director	$0	$0	$0
MARK LEWIS	TRUSTEE	1.00	Director	$0	$0	$0
RACHEL POLING	TRUSTEE	1.00	Director	$0	$0	$0
ROGER LOCKHART	TRUSTEE	1.00	Director	$0	$0	$0
LYNN MCCORMICK	TRUSTEE	1.00	Director	$0	$0	$0
JERRY SHAW	TRUSTEE	1.00	Director	$0	$0	$0
AMY STROBL	TRUSTEE	1.00	Director	$0	$0	$0
DONNA SMITH	TREASURER	1.00	Officer Director	$0	$0	$0
KASEY SNYDER	VICE CHAIR	1.00	Director	$0	$0	$0
JESSIE SIEFERT	MANAGING DIRECTOR	40.00	Officer Director	$64,090	$0	$64,090
TRACY WHARTON	TRUSTEE	4.00	Director	$0	$0	$0
FRED JESSER	TRUSTEE	1.00	Director	$0	$0	$0
DIANA WILSON	TRUSTEE	2.00	Director	$0	$0	$0
CHRIS BENNON	TRUSTEE	1.00	Director	$0	$0	$0
ABBY HAYHURST	ARTISTIC DIRECTOR	40.00	Officer Director	$50,700	$0	$50,700

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	$556,140	$642,696	$2,861,557	$-86,556
2024	No data	No data	No data	No data
2023	$573,506	$590,117	$2,939,122	$-16,611
2022	$412,382	$572,106	$2,955,164	$-159,724
2021	$710,115	$466,327	$3,167,551	$243,788
2021	$710,115	$466,346	$3,167,549	$243,769
2020	$400,654	$454,899	$2,923,043	$-54,245
2019	$470,152	$461,368	$2,928,621	$8,784
2018	$609,379	$445,691	$2,918,210	$163,688

Parkersburg Art Center Inc