FLORENCE REGIONAL ARTS ALLIANCE INC (EIN 570807517) - 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

1984

Legal Domicile

Principal Officer

RON JAGGERS

Phone

8434073092

Tax Period

2024-07-01 to 2025-06-30

FLORENCE REGIONAL ARTS ALLIANCE INC, founded in 1984, is a micro nonprofit that reported $74K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $85K exceeded revenue, resulting in a 15% operating deficit.

Mission

FLORENCE REGIONAL ARTS ALLIANCE'S MISSION IS TO PROMOTE THE ARTS AS A CATALYST FOR COMMUNITY COHESIVENESS, EDUCATIONAL ADVANCEMENT AND ECONOMIC GROWTH.

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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 $69,481

Program Service Revenue $1,480

Investment Income $2,670

Other Revenue $0

TOTAL REVENUE $73,631

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,458

Fundraising Expenses $90

Program Expenses $48,286

Other Expenses $54,212

TOTAL EXPENSES $84,670

Year-over-Year Comparison

	2024	2023	Change
Revenue	$73,631	$78,728	-0.1%
Expenses	$84,670	$102,655	-0.2%
Net Income	$-11,039	$-23,927	-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

N/A

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
TONITA PERRY	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROGER HALLIGAN	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
DAWN FENIMORE	SECRETARY	1.00	Officer Director	$0	$0	$0
RON JAGGERS	TREASURER	1.00	Officer Director	$0	$0	$0
LAUREN PINER	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
SANDRA COOK	EXECUTIVE DIRECTOR	20.00	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
2025	$73,631	$84,670	$33,283	$-11,039
2024	$78,728	$102,655	$42,668	$-23,927
2023	$120,527	$94,904	$63,842	$25,623
2022	$115,544	$121,602	$36,771	$-6,058
2021	$99,227	$99,129	$48,987	$98
2020	$101,105	$115,346	$40,088	$-14,241
2019	$121,509	$114,198	$57,105	$7,311

FLORENCE REGIONAL ARTS ALLIANCE INC