HATTIESBURG ARTS COUNCIL (EIN 640644006) - 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

1970

Legal Domicile

Phone

6015836005

Tax Period

2024-07-01 to 2025-06-30

HATTIESBURG ARTS COUNCIL, founded in 1970, is a small nonprofit that reported $117K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $141K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PROMOTE AND SUPPORT THE ARTS AND ART EDUCATION

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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 $105,298

Program Service Revenue $8,571

Investment Income $2,863

Other Revenue $0

TOTAL REVENUE $116,732

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,760

Fundraising Expenses $0

Program Expenses $105,494

Other Expenses $16,861

TOTAL EXPENSES $141,073

Year-over-Year Comparison

	2024	2023	Change
Revenue	$116,732	$133,399	-0.1%
Expenses	$141,073	$133,595	+0.1%
Net Income	$-24,341	$-196	+123.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEHANDRO WOOTEN	EXECUTIVE DIRECTOR	40.00		$26,667	$0	$26,667
MELANIE EUBANKS	Treasurer	1.00	Director	$0	$0	$0
STEVE COLEMAN	Director	1.00	Director	$0	$0	$0
KAREN HUDDLESTON	Vice President	1.00	Director	$0	$0	$0
EMILY SIMMONS	Director	1.00	Director	$0	$0	$0
JEANNE GILLESPIE	President	1.00	Director	$0	$0	$0
LYNN BURKE	Director	1.00	Director	$0	$0	$0
SUSAN BUSBY	Director	1.00	Director	$0	$0	$0
EMMA CONNOLLY	Director	1.00	Director	$0	$0	$0
GINGER LOWREY	Secretary	1.00	Director	$0	$0	$0
WILL THOMPSON	Director	1.00	Director	$0	$0	$0
JACKIE RAY	Director	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
2025	$116,732	$141,073	$179,105	$-24,341
2024	$133,399	$133,595	$176,758	$-196
2023	$133,695	$132,626	$176,954	$1,069
2022	$147,855	$139,441	$175,403	$8,414
2021	$121,350	$123,095	$177,989	$-1,745
2020	$118,538	$119,089	$168,734	$-551
2019	$126,989	$126,474	$169,285	$515

HATTIESBURG ARTS COUNCIL