TOE RIVER ARTS COUNCIL INC (EIN 561141339) - 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

1976

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

TOE RIVER ARTS COUNCIL INC, founded in 1976, is a small nonprofit that reported $321K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $421K exceeded revenue, resulting in a 31% operating deficit.

Mission

PROMOTE CULTURAL ARTS

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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 $180,241

Program Service Revenue $138,302

Investment Income $2,849

Other Revenue $0

TOTAL REVENUE $321,392

Expense Breakdown

Grants Paid $0

Salaries & Benefits $143,876

Fundraising Expenses $0

Program Expenses $401,561

Other Expenses $277,493

TOTAL EXPENSES $421,369

Year-over-Year Comparison

	2023	2022	Change
Revenue	$321,392	$460,481	-0.3%
Expenses	$421,369	$497,226	-0.2%
Net Income	$-99,977	$-36,745	+1.7%

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

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

Total Directors

Key Employees

$54,600

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEALY ANDREWS	EXEC DIRECTOR	40.00	Key Emp	$54,600	$0	$54,600
MARTHA MOORE	BOARD MEMBER	0.00	Officer	$0	$0	$0
OLIVIER CALAS	BOARD MEMBER	0.00	Officer	$0	$0	$0
CATHERINE REEVES	BOARD MEMBER	0.00	Officer	$0	$0	$0
KEM MULLER	BOARD MEMBER	0.00	Officer	$0	$0	$0
JANEEN LONG	BOARD MEMBER	0.00	Officer	$0	$0	$0
CLAIRE D JARVIS	BOARD MEMBER	0.00	Officer	$0	$0	$0
CONNIE SCHULZE	PRESIDENT	0.00	Officer	$0	$0	$0
MARVIN ROGERS	BOARD MEMBER	0.00	Officer	$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	$321,392	$421,369	$481,796	$-99,977
2023	$460,481	$497,226	$503,178	$-36,745
2022	$415,310	$353,641	$620,785	$61,669
2021	$306,497	$326,822	$588,403	$-20,325
2020	$223,745	$298,305	$586,667	$-74,560
2019	$380,385	$392,078	$633,514	$-11,693

TOE RIVER ARTS COUNCIL INC