FARMVILLE COMMUNITY ARTS COUNCIL INC (EIN 581310173) - 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

1977

Legal Domicile

Principal Officer

KENNY PATTERSON

Phone

2527533832

Tax Period

2020-07-01 to 2021-06-30

FARMVILLE COMMUNITY ARTS COUNCIL INC, founded in 1977, is a micro nonprofit that reported $76K in total revenue in fiscal year 2020. Revenue surged 170% from the prior year, signaling strong growth momentum. The organization ran a surplus of $52K, a strong 68% operating margin.

Mission

TO ESTABLISH AWARENESS & APPRECIATION FOR THE 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 (2020)

Revenue Breakdown

Contributions & Grants $73,677

Program Service Revenue $0

Investment Income $9

Other Revenue $2,125

TOTAL REVENUE $75,811

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,175

Other Expenses $24,175

TOTAL EXPENSES $24,175

Year-over-Year Comparison

	2020	2019	Change
Revenue	$75,811	$28,103	+1.7%
Expenses	$24,175	$19,515	+0.2%
Net Income	$51,636	$8,588	+5.0%

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

300

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
KENNY PATTERSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
FRED AUSTIN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
ELIZABETH EDWARDS	SECRETARY	2.00	Officer Director	$0	$0	$0
CHIP GALUSHA	TREASURER	2.00	Officer Director	$0	$0	$0
PRINCE BARNETTE	DIRECTOR	1.00	Director	$0	$0	$0
LORI DRAKE	DIRECTOR	1.00	Director	$0	$0	$0
LISETTE FEE	DIRECTOR	1.00	Director	$0	$0	$0
ALEX RUST	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN LEE	DIRECTOR	1.00	Director	$0	$0	$0
ELOUISE OLDS	DIRECTOR	1.00	Director	$0	$0	$0
SARA BETH RHODES	DIRECTOR	1.00	Director	$0	$0	$0
GREG SMITH	DIRECTOR	1.00	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
2021	$75,811	$24,175	$273,671	$51,636
2020	$28,103	$19,515	$223,662	$8,588

FARMVILLE COMMUNITY ARTS COUNCIL INC