STARKVILLE AREA ARTS COUNCIL (EIN 640883420) - 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

1996

Legal Domicile

Principal Officer

THOMAS LAFOE

Phone

6623243080

Tax Period

2022-07-01 to 2023-06-30

STARKVILLE AREA ARTS COUNCIL, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $196K in total revenue in fiscal year 2022. Revenue surged 171% from the prior year, signaling strong growth momentum.

Mission

TO BUILD A STRONG, CREATIVE, CONNECTED COMMUNITY THROUGH 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 (2022)

Revenue Breakdown

Contributions & Grants $150,918

Program Service Revenue $25,339

Investment Income $0

Other Revenue $20,164

TOTAL REVENUE $196,421

Expense Breakdown

Grants Paid $10,340

Salaries & Benefits $93,208

Fundraising Expenses $47,621

Program Expenses $137,757

Other Expenses $106,021

TOTAL EXPENSES $209,569

Year-over-Year Comparison

	2022	2021	Change
Revenue	$196,421	$72,497	+1.7%
Expenses	$209,569	$126,359	+0.7%
Net Income	$-13,148	$-53,862	-0.8%

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

Total Directors

$46,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY SWITZER	EXECUTIVE DIRECTOR	45.00	Director	$46,200	$0	$46,200
JEFFREY HAUPT	BOARD MEMBER	1.00	Director	$0	$0	$0
NELLE ELAM	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSE WADE	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNA ALTOMONTE	MEMBER AT LARGE	1.00	Director	$0	$0	$0
GEORGIA GRAHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
HAYDEN DELACROY	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH KUDJIROFF	BOARD MEMBER	1.00	Director	$0	$0	$0
SPENCER THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
PHILLIP CARTER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTIE COLLINS	BOARD MEMBER	1.00	Director	$0	$0	$0
DOMINIQUE LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS LA FOE	PRESIDENT	4.00	Officer	$0	$0	$0
LIZ CLEMMONS	SECRETARY	2.00	Officer	$0	$0	$0
CHRISTINE ROGERS-KELLY	VICE-PRESIDENT	2.00	Officer	$0	$0	$0
JAMES HERRING	TREASURER	2.00	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
2024	No data	No data	No data	No data
2023	$196,421	$209,569	$182,454	$-13,148
2022	$72,497	$126,359	$196,077	$-53,862
2021	$151,781	$120,828	$252,924	$30,953
2020	$112,673	$109,897	$233,105	$2,776
2019	$72,887	$110,643	$232,630	$-37,756

STARKVILLE AREA ARTS COUNCIL