CULTURAL COUNCIL OF INDIAN RIVER C… - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

FRANK MORSE

Phone

7727704857

Tax Period

2023-10-01 to 2024-09-30

CULTURAL COUNCIL OF INDIAN RIVER COUNTY, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $607K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE THE CULTURAL ARTS IN INDIAN RIVER COUNTY, FLORIDA THROUGH EDUCATION, COLLABORATION, MARKETING AND ADVOCACY.

Program Service Accomplishments

Program 1

Expenses: $633,754 Revenue: $25,389

PROMOTE TOURISM TO THE COMMUNITY THROUGH PROMOTION OF THE LOCAL ARTSPROMOTE THE ARTS WITHIN INDIAN RIVER COUNTY, FLORIDADEVELOP CULTURAL AWARENESSMARKET THE VARIOUS LOCAL ART ORGANIZATIONS

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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 $578,330

Program Service Revenue $25,389

Investment Income $3,738

Other Revenue $0

TOTAL REVENUE $607,457

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,164

Fundraising Expenses $7,386

Program Expenses $633,754

Other Expenses $615,336

TOTAL EXPENSES $648,500

Year-over-Year Comparison

	2023	2022	Change
Revenue	$607,457	$448,877	+0.4%
Expenses	$648,500	$293,574	+1.2%
Net Income	$-41,043	$155,303	-1.3%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YVONNE STEERE	CHAIR	2.00	Officer Director	$0	$0	$0
CAESAR MISTRETTA	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
PATRICIA WILLIS	SECRETARY	2.00	Officer Director	$0	$0	$0
FRANK MORSE	TREASURER	2.00	Officer Director	$0	$0	$0
KATHY BANTELEON	MEMBER	2.00	Director	$0	$0	$0
ADAM CONRAD	MEMBER	2.00	Director	$0	$0	$0
LOIS WORK	MEMBER	2.00	Director	$0	$0	$0
KRISTIN ROHR	MEMBER	2.00	Director	$0	$0	$0
CLAUDIA OWEN	MEMBER	2.00	Director	$0	$0	$0
BETH CROLL	MEMBER	2.00	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	$607,457	$648,500	$336,267	$-41,043
2023	$448,877	$293,574	$379,897	$155,303
2022	$364,724	$239,663	$204,633	$125,061
2021	$167,469	$208,193	$79,547	$-40,724
2020	$192,790	$172,625	$120,973	$20,165
2019	$255,506	$269,575	$13,247	$-14,069
2018	$193,449	$187,361	$23,704	$6,088

CULTURAL COUNCIL OF INDIAN RIVER COUNTY