MCCORMICK ARTS COUNCIL AT THE KETU… - Form 990 Financial Data

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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

1984

Legal Domicile

Phone

8648523216

Tax Period

2024-01-01 to 2024-12-31

MCCORMICK ARTS COUNCIL AT THE KETURAH INC, founded in 1984, is a small nonprofit that reported $208K in total revenue in fiscal year 2024. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 397% operating deficit.

Mission

TO ADVANCE THE ARTS IN OUR COMMUNITIES - WE EXIST TO SERVE AS THE LEADER FOR THE ARTS IN OUR COMMUNITY, STIMULATE AND PROMOTE THE ARTS, INCREASE ACCESS TO THE ARTS AND PRODUCE ARTS PROGRAMMING FOR THE BENEFIT OF ALL COMMUNITY MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $914,798 Revenue: $52,007

YOUTH AND ADULT PROGRAMS

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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 $33,575

Program Service Revenue $52,007

Investment Income $75,040

Other Revenue $47,124

TOTAL REVENUE $207,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,988

Fundraising Expenses $0

Program Expenses $914,798

Other Expenses $931,829

TOTAL EXPENSES $1,032,817

Year-over-Year Comparison

	2024	2023	Change
Revenue	$207,746	$2,109,431	-0.9%
Expenses	$1,032,817	$428,359	+1.4%
Net Income	$-825,071	$1,681,072	-1.5%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLA ARNOLD	BOARD VICE-CHAIR	0.00	Officer Director	$0	$0	$0
JAI JONES	BOARD MEMBER	0.00	Director	$0	$0	$0
SONDRA GIVIDEN	BOARD MEMBER	0.00	Director	$0	$0	$0
ROBERTA MCKEE	BOARD CHAIR	0.00	Officer Director	$0	$0	$0
GAIL GORE	BOARD TREASURER	0.00	Officer Director	$0	$0	$0
TOM POLAND	BOARD SECRETARY	0.00	Officer Director	$0	$0	$0
BRENDA LANG	BOARD MEMBER	0.00	Director	$0	$0	$0
MARGO SETNOR-ANDERSON	BOARD MEMBER	0.00	Director	$0	$0	$0
ROMAN STONE	BOARD MEMBER	0.00	Director	$0	$0	$0
KATHY ROBINSON	BOARD MEMBER	0.00	Director	$0	$0	$0
BOB STOCKTON	BOARD MEMBER	0.00	Director	$0	$0	$0
WALTER SMITH	BOARD MEMBER	0.00	Director	$0	$0	$0
HEATHER MCNALLY	PROGRAM DIRECTOR	35.00	Director Key Emp	$0	$0	$0
JANICE GRIZZARD	EXECUTIVE DIRECTOR	35.00	Key Emp	$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	$207,746	$1,032,817	$1,785,631	$-825,071
2023	$2,109,431	$428,359	$2,521,544	$1,681,072
2022	$328,129	$235,065	$785,217	$93,064
2021	$250,441	$154,202	$810,736	$96,239
2020	$487,274	$232,436	$606,472	$254,838
2019	$246,570	$208,501	$380,299	$38,069
2018	$251,742	$181,353	$351,658	$70,389

MCCORMICK ARTS COUNCIL AT THE KETURAH INC