MORGAN ARTS COUNCIL 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

1977

Legal Domicile

Principal Officer

CINDY BODIN

Phone

3042582300

Tax Period

2023-07-01 to 2024-06-30

MORGAN ARTS COUNCIL INC, founded in 1977, is a small nonprofit that reported $342K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Net assets of $1.5M represent 54 months of operating reserves.

Mission

THE MORGAN ARTS COUNCIL OFFERS A WORLD OF ARTISTIC CREATIVITY THAT BRINGS INSPIRATION AND JOY WITHIN A WELCOMING ENVIRONMENT FOR ALL.

Program Service Accomplishments

Program 1

Expenses: $314,146 Revenue: $110,121

PROMOTION AND PRODUCTION OF THE ARTS IN MORGAN COUNTY, WV FOR BOTH YOUTH AND ADULTS INCLUDING BUT NOT LIMITED TO CLASSES, PERFORMANCES, FESTIVALS AND VISUAL ARTS DISPLAYS. MAC IS ALSO RESPONSIBLE FOR THE DEVELOPMENT AND MAINTENANCE OF THE ICE HOUSE COMMUNITY ART CENTER WHICH INCLUDES A PUBLIC ART GALLERY, PERFORMANCE AND CLASSROOM SPACE AND EVENT SPACE FOR OTHER COMMUNITY CULTURAL GROUPS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $209,753

Program Service Revenue $110,121

Investment Income $0

Other Revenue $21,787

TOTAL REVENUE $341,661

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,355

Fundraising Expenses $12,319

Program Expenses $314,146

Other Expenses $284,473

TOTAL EXPENSES $370,828

Year-over-Year Comparison

	2023	2022	Change
Revenue	$341,661	$251,407	+0.4%
Expenses	$370,828	$351,795	+0.1%
Net Income	$-29,167	$-100,388	-0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY HOTT	PRESIDENT	2.00	Officer Director	$0	$0	$0
MEGHAN BAUMAN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
CINDY BODIN	TREASURER	2.00	Officer Director	$0	$0	$0
LEEANN BRANNON	SECRETARY	2.00	Officer Director	$0	$0	$0
ADRIANE BURTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE FRENKE	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW HAHN	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER HUGHES	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNN LAVIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE MCCLOUD	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLY SWAIM	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL PAVSEK	BOARD 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
2025	No data	No data	No data	No data
2024	$341,661	$370,828	$1,682,794	$-29,167
2023	$251,407	$351,795	$1,732,551	$-100,388
2022	$347,086	$271,853	$1,800,246	$75,233
2021	$345,333	$206,890	$1,806,211	$138,443
2020	$369,233	$241,033	$1,598,439	$128,200
2019	$210,220	$249,291	$1,468,719	$-39,071
2018	$164,539	$236,236	$1,517,821	$-71,697