Gilmer Arts & Heritage Association (EIN 581448432) - 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

1979

Legal Domicile

Principal Officer

Terry Ellis

Phone

7066355605

Tax Period

2023-01-01 to 2023-12-31

Gilmer Arts & Heritage Association, founded in 1979, is a small nonprofit in the Arts, Culture & Humanities sector that reported $264K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $352K exceeded revenue, resulting in a 33% operating deficit.

Mission

Arts and Heritage Promotion To promote passionate interest and active participation in the arts. To provide educational opportunities and sensational events in the visual,

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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 $163,992

Program Service Revenue $94,829

Investment Income $0

Other Revenue $5,282

TOTAL REVENUE $264,103

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,880

Fundraising Expenses $24,900

Program Expenses $174,412

Other Expenses $264,483

TOTAL EXPENSES $352,363

Year-over-Year Comparison

	2023	2022	Change
Revenue	$264,103	$446,251	-0.4%
Expenses	$352,363	$329,360	+0.1%
Net Income	$-88,260	$116,891	-1.8%

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

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

$55,659

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gary Wilder	Vice President	10.00	Officer	$0	$0	$0
Terry Ellis	President	10.00	Officer	$0	$0	$0
Jan Dappen	Secretary	10.00	Officer	$0	$0	$0
Wesley Henderson	Treasurer	10.00	Officer	$0	$0	$0
Jacob Mcvey	Director	10.00	Director	$0	$0	$0
Joyce Kosirowsky	Director	10.00	Director	$0	$0	$0
Jeff Shaw	Director	10.00	Director	$0	$0	$0
Joe Cantwell	Director	20.00	Director	$0	$0	$0
Elizabeth Bame	Director	10.00	Director	$0	$0	$0
Joann Davis	Director	10.00	Director	$0	$0	$0
Claudia Bradford	Director	10.00	Director	$0	$0	$0
Pam Burns	Executive Director	40.00	Key Emp	$0	$0	$55,659

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	No data	No data	No data	No data
2023	$264,103	$352,363	$1,306,847	$-88,260
2022	$446,251	$329,360	$1,353,603	$116,891
2021	$266,555	$238,451	$1,374,262	$28,104
2020	$181,056	$156,118	$1,188,275	$24,938
2019	$324,025	$286,495	$954,183	$37,530
2018	$357,622	$318,659	$965,576	$38,963

Gilmer Arts & Heritage Association