ATHENS AREA COUNCIL FOR THE ARTS (EIN 621097707) - 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

LAUREN SHEPHERD

Phone

4237458781

Tax Period

2023-07-01 to 2024-06-30

ATHENS AREA COUNCIL FOR THE ARTS, founded in 1979, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $639K, a strong 56% operating margin.

Mission

TO ENRICH THE QUALITY OF LIFE AND MAKE A DIFFERENCE FOR THE MCMINN COUNTY COMMUNITY BY PROVIDING OPPORTUNITIES FOR THE EXPRESSION AND APPRECIATION OF THE ARTS.

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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 $909,294

Program Service Revenue $180,747

Investment Income $36

Other Revenue $44,697

TOTAL REVENUE $1,134,774

Expense Breakdown

Grants Paid $0

Salaries & Benefits $146,576

Fundraising Expenses $9,259

Program Expenses $299,265

Other Expenses $349,029

TOTAL EXPENSES $495,605

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,134,774	$1,325,530	-0.1%
Expenses	$495,605	$549,550	-0.1%
Net Income	$639,169	$775,980	-0.2%

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

125

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

$46,729

Total Directors

$46,729

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	BOARD MEMBER	1.00		$0	$0	$0
N/A	BOARD MEMBER	1.00		$0	$0	$0
N/A	BOARD MEMBER	1.00		$0	$0	$0
N/A	BOARD MEMBER	1.00		$0	$0	$0
N/A	BOARD MEMBER	1.00		$0	$0	$0
N/A	BOARD MEMBER	1.00		$0	$0	$0
N/A	BOARD MEMBER	1.00		$0	$0	$0
PATTI GREEK	PERSONNEL CHAIRPERSON	1.00	Officer	$0	$0	$0
KATIE SUMNER	AT LARGE MEMBER	1.00	Officer	$0	$0	$0
LAURA LENOIR	AT LARGE MEMBER	1.00	Officer	$0	$0	$0
RUSTY PATTERSON	SECRETARY/TREASURER	1.00	Officer	$0	$0	$0
LAUREL WOOD	VICE PRESIDENT	1.00	Officer	$0	$0	$0
JIM BAGLEY	VICE PRESIDENT	1.00	Officer	$0	$0	$0
SCOTTIE MAYFIELD	PRESIDENT	1.00	Officer	$0	$0	$0
LAUREN SHEPHERD	EXECUTIVE DIRECTOR	40.00	Officer Director	$46,729	$0	$46,729
ART KIMBALL	PAST PRESIDENT	1.00	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
2025	No data	No data	No data	No data
2024	$1,134,774	$495,605	$2,493,161	$639,169
2023	$1,325,530	$549,550	$1,732,650	$775,980
2022	$342,607	$324,231	$1,558,461	$18,376
2021	$290,398	$175,336	$1,296,262	$115,062
2020	$435,700	$290,582	$897,788	$145,118
2019	$313,125	$322,396	$683,397	$-9,271
2018	$277,572	$264,288	$724,221	$13,284

ATHENS AREA COUNCIL FOR THE ARTS