THE ARTS COUNCIL INC (EIN 592015691) - 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

1980

Legal Domicile

Principal Officer

NANCY TURRELL

Phone

7722876676

Tax Period

2023-10-01 to 2024-09-30

THE ARTS COUNCIL INC, founded in 1980, is a small nonprofit in the Arts, Culture & Humanities sector that reported $398K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year.

Mission

TO INSPIRE PARTICIPATION AND PASSION FOR THE ARTS OF MARTIN COUNTY, FLORIDA. KEY PROGRAMS INCLUDE THE COURT HOUSE CULTURAL CENTER GALLERY AND EDUCATIONAL ARTS PROGRAMS.

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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 $370,571

Program Service Revenue $9,017

Investment Income $9,050

Other Revenue $9,701

TOTAL REVENUE $398,339

Expense Breakdown

Grants Paid $0

Salaries & Benefits $265,919

Fundraising Expenses $70,158

Program Expenses $260,995

Other Expenses $147,820

TOTAL EXPENSES $413,739

Year-over-Year Comparison

	2023	2022	Change
Revenue	$398,339	$420,800	-0.1%
Expenses	$413,739	$385,709	+0.1%
Net Income	$-15,400	$35,091	-1.4%

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

$66,018

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICKI VAN VONNO	CHAIR	1.00	Officer Director	$0	$0	$0
KAREN BARNES	TREASURER & VICE CHAIR	1.00	Officer Director	$0	$0	$0
NERISSA OKIYE	SECRETARY	1.00	Officer Director	$0	$0	$0
SUZY HUTCHESON	DIRECTOR	1.00	Director	$0	$0	$0
CHANDLER JOSIE	DIRECTOR	1.00	Director	$0	$0	$0
NANCY TURRELL	EXECUTIVE DIRECTOR	20.00	Officer	$66,018	$0	$66,018

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	$398,339	$413,739	$132,621	$-15,400
2023	$420,800	$385,709	$134,164	$35,091
2022	$325,311	$362,282	$137,744	$-36,971
2021	$321,162	$334,670	$170,034	$-13,508
2020	$286,768	$216,908	$161,360	$69,860
2019	$512,908	$503,519	$167,576	$9,389
2018	$506,666	$535,954	$136,364	$-29,288

THE ARTS COUNCIL INC