THE ARTS COUNCIL INC (EIN 560526856) - 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

1949

Legal Domicile

Principal Officer

SHANNON HENRY

Phone

3367222585

Tax Period

2023-10-01 to 2024-09-30

THE ARTS COUNCIL INC, founded in 1949, is a community nonprofit that reported $5.5M in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum. Expenses of $6.2M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE ORGANIZATIONAL MISSION IS TO SUPPORT AND ADVANCE THE LEGACY OF INNOVATION IN AND ACCESS TO THE ARTS AS A CORE COMMUNITY VALUE, BY PROVIDING GRANTS AND VENUES FOR ARTISTS AND ART ORGANIZATIONS TO PRACTICE AND EXECUTE THEIR ART FORM IN FACILTIES THAT ARE EFFICIENTLY AND EFFECTIVELY OPERATED, AND TO CREATE AN ENVIRONMENT IN WHICH THE ARTS FLOURISH.

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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 $4,899,890

Program Service Revenue $481,080

Investment Income $17,836

Other Revenue $99,942

TOTAL REVENUE $5,498,748

Expense Breakdown

Grants Paid $2,774,715

Salaries & Benefits $1,368,122

Fundraising Expenses $246,118

Program Expenses $5,569,832

Other Expenses $2,038,321

TOTAL EXPENSES $6,181,158

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,498,748	$3,345,650	+0.6%
Expenses	$6,181,158	$4,795,140	+0.3%
Net Income	$-682,410	$-1,449,490	-0.5%

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

$240,407

Total Directors

$46,239

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHASE LAW END 21624	PRESIDENT &	60.00	Officer	$186,793	$7,375	$194,168
HOWARD UPCHURCH BEG 2124	INTERIM PRES	40.00	Officer Director	$46,239	$0	$46,239
ROBIN MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
DR ROSA OTERO	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNETH PETTIGREW	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACY PRESTON	BOARD MEMBER	1.00	Director	$0	$0	$0
IRIS COLE	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY REYNOLDS	BOARD MEMBER	1.00	Director	$0	$0	$0
CLAIRE TUTTLE	BOARD MEMBER	1.00	Director	$0	$0	$0
TALITHA VICKERS	BOARD MEMBER	1.00	Director	$0	$0	$0
JACINTA WHITE END DECEMBER	BOARD MEMBER	1.00	Director	$0	$0	$0
PEGGY REINGOLD	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANNON HENRY	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON KAPLAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF LINDSAY	BOARD MEMBER	1.00	Director	$0	$0	$0
JAKE WHARTON	BOARD MEMBER	1.00	Director	$0	$0	$0
DR LYNN ANTHONY	BOARD MEMBER	1.00	Director	$0	$0	$0
TODD BANKHEAD	BOARD MEMBER	1.00	Director	$0	$0	$0
COURTNEY PAYNE BENFIELD	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHAN DRAGISIC	BOARD MEMBER	1.00	Director	$0	$0	$0
CLARE FADER	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA GASKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
RICH GEIGER	BOARD MEMBER	1.00	Director	$0	$0	$0
DREW GERSTMYER	BOARD MEMBER	1.00	Director	$0	$0	$0
CAMILLE KLUTTZ-LEACH	BOARD MEMBER	1.00	Director	$0	$0	$0
SUE HENDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHAD CHEEK	PRESIDENT	1.00	Officer Director	$0	$0	$0
MIKE LANCASTER	TREASURER	1.00	Officer Director	$0	$0	$0
STEVE BERLIN	SECRETARY	1.00	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
2024	$5,498,748	$6,181,158	$12,059,455	$-682,410
2023	$3,345,650	$4,795,140	$12,738,849	$-1,449,490
2022	$3,229,060	$3,960,249	$13,960,396	$-731,189
2021	$3,085,185	$3,327,011	$15,176,121	$-241,826
2020	$2,746,354	$3,015,693	$15,705,377	$-269,339

THE ARTS COUNCIL INC