KEY WEST ART CENTER INC (EIN 590965823) - 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

1960

Legal Domicile

Principal Officer

MARILYN WEAVER

Phone

3052941241

Tax Period

2024-01-01 to 2024-12-31

KEY WEST ART CENTER INC, founded in 1960, is a small nonprofit in the Arts, Culture & Humanities sector that reported $201K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $61K, a strong 30% operating margin.

Mission

PROMOTION OF THE ARTS IN KEY WEST BY PROVIDING A CULTURAL CENTER TO BE USED FOR ART EXHIBITS, EDUCATION, AND THE ENCOURAGEMENT OF ARTISTIC DEVELOPMENT THROUGHOUT THE COMMUNITY.

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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 $72,814

Program Service Revenue $0

Investment Income $13,349

Other Revenue $115,083

TOTAL REVENUE $201,246

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,145

Fundraising Expenses $0

Program Expenses $119,869

Other Expenses $70,998

TOTAL EXPENSES $140,143

Year-over-Year Comparison

	2024	2023	Change
Revenue	$201,246	$153,727	+0.3%
Expenses	$140,143	$160,746	-0.1%
Net Income	$61,103	$-7,019	-9.7%

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

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

$3,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARILYN WEAVER	PRESIDENT	N/A	Officer	$0	$0	$0
CAROL REZBA	1ST VICE PRE	N/A	Officer	$0	$0	$0
SEAN P DWYER	2ND VICE PRE	40.00	Officer	$3,000	$0	$3,000
HALEY HERRIOTT	SECRETARY	N/A	Officer	$0	$0	$0
KATHY COREY	TREASURER	N/A	Officer	$0	$0	$0
RITA WALTER	MEMBER-AT-LA	N/A	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
2024	$201,246	$140,143	$509,942	$61,103
2023	$153,727	$160,746	$425,951	$-7,019
2022	$169,943	$126,611	$403,781	$43,332
2021	$166,496	$133,637	$416,334	$32,859
2020	$134,164	$114,431	$351,730	$19,733
2019	$124,280	$116,428	$319,821	$7,852
2018	$122,817	$128,000	$263,232	$-5,183

KEY WEST ART CENTER INC