MONROE COUNCIL OF THE ARTS CORPORATION

EIN: 650737532 501(c)(3) Arts, Culture & Humanities

Key West, FL

Total Revenue
$395,461
Total Expenses
$420,411
Total Assets
$217,707
Net Assets
$217,528
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
FL
Principal Officer
Elizabeth Young
Phone
3052954369
Tax Period
2023-07-01 to 2024-06-30

MONROE COUNCIL OF THE ARTS CORPORATION, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $395K in total revenue in fiscal year 2023.

Mission

Arts Advocacy, Education & Grants

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $379,989
Program Service Revenue $0
Investment Income $15,472
Other Revenue $0
TOTAL REVENUE $395,461

Expense Breakdown

Grants Paid $53,965
Salaries & Benefits $253,666
Fundraising Expenses $18,203
Program Expenses $358,641
Other Expenses $112,780
TOTAL EXPENSES $420,411

Year-over-Year Comparison

2023 2022 Change
Revenue $395,461 $389,635 +0.0%
Expenses $420,411 $398,349 +0.1%
Net Income $-24,950 $-8,714 +1.9%
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

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Governance

Voting Members
9
Independent Members
9
Employees
5
Volunteers
30

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
0
$0
Total Directors
8
$0
Key Employees
1
$91,700
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Elizabeth Young Executive Director 40
Key Emp
$91,700 $0 $91,700
Nancy Bunch Secretary 1
Director
$0 $0 $0
Marianne Finizio Director 1
Director
$0 $0 $0
Charlotte Palmer Director 1
Director
$0 $0 $0
Beryn Harty Director 1
Director
$0 $0 $0
Mark Hedden Director 1
Director
$0 $0 $0
Jill Miranda Baker Vice Chair 1
Director
$0 $0 $0
Eric Anderson Treasurer 1
Director
$0 $0 $0
Joyce Burd Chair Person 1
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 No data No data No data No data
2024 $395,461 $420,411 $217,707 $-24,950
2023 $389,635 $398,349 $243,014 $-8,714
2022 $375,518 $368,043 $251,308 $7,475
2021 $434,100 $407,440 $260,980 $26,660
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