MORGAN ARTS COUNCIL INC

EIN: 550574631 501(c)(3)

BERKELEY SPRINGS, WV

Total Revenue
$341,661
Total Expenses
$370,828
Total Assets
$1,682,794
Net Assets
$1,543,983
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
WV
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.

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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%)

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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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
13
Employees
3
Volunteers
42

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
4
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
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
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