Rome Area Council for the Arts

EIN: 581277436 501(c)(3)

ROME, GA

Total Revenue
$43,260
Total Expenses
$44,180
Total Assets
$356,812
Net Assets
$356,812
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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

Legal Domicile
GA
Principal Officer
Luke Chaffin
Tax Period
2020-07-01 to 2021-06-30

Rome Area Council for the Arts is a micro nonprofit that reported $43K in total revenue in fiscal year 2020. Revenue fell 53% from the prior year — a significant decline worth monitoring. Net assets of $357K represent 99 months of operating reserves.

Mission

To advance all forms of art expression in Rome and Floyd County

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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 (2020)

Revenue Breakdown

Contributions & Grants $40,320
Program Service Revenue $2,909
Investment Income $31
Other Revenue $0
TOTAL REVENUE $43,260

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,575
Fundraising Expenses $0
Program Expenses $21,000
Other Expenses $34,605
TOTAL EXPENSES $44,180

Year-over-Year Comparison

2020 2019 Change
Revenue $43,260 $93,005 -0.5%
Expenses $44,180 $99,798 -0.6%
Net Income $-920 $-6,793 -0.9%
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

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Governance

Voting Members
15
Independent Members
N/A
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
4
$0
Total Directors
0
$0
Key Employees
1
$9,575
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chris Kerr President 5
Officer
$0 $0 $0
Emily Hjort Vice President 5
Officer
$0 $0 $0
Ali Booker Exec Director 20
Key Emp
$9,575 $0 $9,575
Beth Pollard Treasurer 5
Officer
$0 $0 $0
Angie Stegall Secretary 5
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
2021 $43,260 $44,180 $356,812 $-920
2020 $93,005 $99,798 $357,732 $-6,793
2019 $221,884 $107,731 $364,525 $114,153
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