QUINLAN ARTS INC (EIN 586040517) - 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

1947

Legal Domicile

Principal Officer

NAIRIKA CORNETT

Phone

7705362575

Tax Period

2024-01-01 to 2024-12-31

QUINLAN ARTS INC, founded in 1947, is a small nonprofit in the Arts, Culture & Humanities sector that reported $676K in total revenue in fiscal year 2024. The organization ran a surplus of $109K, a strong 16% operating margin.

Mission

BRINGING VISUAL ARTS TO LIFE THROUGH EXHIBITION, ARTS EDUCATION, AND COMMUNITY ENGAGEMENT AND OUTREACH.

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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 $257,716

Program Service Revenue $133,077

Investment Income $71,194

Other Revenue $214,473

TOTAL REVENUE $676,460

Expense Breakdown

Grants Paid $2,110

Salaries & Benefits $210,123

Fundraising Expenses $43,905

Program Expenses $421,167

Other Expenses $355,020

TOTAL EXPENSES $567,253

Year-over-Year Comparison

	2024	2023	Change
Revenue	$676,460	$635,500	+0.1%
Expenses	$567,253	$511,344	+0.1%
Net Income	$109,207	$124,156	-0.1%

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

$84,278

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NAIRIKA CORNETT	EXECUTIVE DI	40.00	Officer	$84,278	$0	$84,278
DAVID BARNETT	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL CALLAHAN	TRUSTEE	1.00	Director	$0	$0	$0
DOUG CARTER	TRUSTEE	1.00	Director	$0	$0	$0
NATALIE CHALLEN	CHAIR ELECT	2.00	Officer Director	$0	$0	$0
KATE COOK	TRUSTEE	1.00	Director	$0	$0	$0
JIM ECK	TRUSTEE	1.00	Director	$0	$0	$0
LYDIA FERGUSON	SECRETARY	2.00	Officer Director	$0	$0	$0
FRAN HABEEB	TRUSTEE	1.00	Director	$0	$0	$0
JANE HEMMER	TRUSTEE	1.00	Director	$0	$0	$0
GAIL HOUGH	TRUSTEE	1.00	Director	$0	$0	$0
JILL MANSFIELD	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT MCLENDON	TRUSTEE	1.00	Director	$0	$0	$0
PETE MILLER	CHAIR	2.00	Officer Director	$0	$0	$0
ANN NIXON	PAST CHAIR	2.00	Officer Director	$0	$0	$0
LEIGH-ANNE O'BRIAN	TRUSTEE	1.00	Director	$0	$0	$0
TYLER PUCKETT	TRUSTEE	1.00	Director	$0	$0	$0
ED SCHRADER	TREASURER	2.00	Officer Director	$0	$0	$0
AMY SCOTT	TRUSTEE	1.00	Director	$0	$0	$0
MARY STANFORD	TRUSTEE	1.00	Director	$0	$0	$0
KRIS WAYNE	TRUSTEE	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
2024	$676,460	$567,253	$3,696,701	$109,207
2023	$635,500	$511,344	$3,390,128	$124,156
2022	$492,385	$431,423	$3,120,722	$60,962
2021	$397,024	$330,607	$3,136,887	$66,417
2020	$247,313	$315,149	$3,017,544	$-67,836
2019	$326,163	$400,159	$3,076,913	$-73,996
2018	$346,632	$405,369	$3,160,705	$-58,737

QUINLAN ARTS INC