VILLAGE ART CLUB INC

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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

1975

Legal Domicile

Principal Officer

MARIBETH HOBBS

Phone

4793660598

Tax Period

2024-01-01 to 2024-12-31

VILLAGE ART CLUB INC, founded in 1975, is a small nonprofit in the Arts, Culture & Humanities sector that reported $183K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $173K left a modest 5% surplus.

Mission

TO AWARD SCHOLARSHIPS TO STUDENTS PURSUING THE ARTS, PROVIDE ONGOING ART EDUCATION, AND PROVIDE A VENUE FOR SALE OF MEMBER ART AND CRAFTS.

Program Service Accomplishments

Program 1

Expenses: $6,000

SCHOLARSHIP PROGRAM AIMED TO SUPPORT STUDENTS PURSUING DEGREES IN THE ARTS AND ART RELATED STUDIES. WE ALSO PROVIDE GRANTS TO LOCAL ART PROGRAMS WITHIN ELEMENTARY SCHOOLS.

Program 2

Expenses: $90,113 Revenue: $99,523

THE WISHING SPRING GALLERY PROVIDES A VENUE FOR SALE OF MEMBER ART AND CRAFT ITEMS. PROCEEDS ASSIST WITH THE ONGOING OPERATIONS OF THE ORGANIZATION AND ASSIST IN COMPLETION OF THE ORGANIZATION'S...

THE WISHING SPRING GALLERY PROVIDES A VENUE FOR SALE OF MEMBER ART AND CRAFT ITEMS. PROCEEDS ASSIST WITH THE ONGOING OPERATIONS OF THE ORGANIZATION AND ASSIST IN COMPLETION OF THE ORGANIZATION'S MISSION.

Program 3

Expenses: $55,791 Revenue: $59,797

THE CLAY STUDIO PROVIDES A SPACE FOR ONGOING ART EDUCATION AND AWARENESS.

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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 $2,590

Program Service Revenue $169,521

Investment Income $10,417

Other Revenue $0

TOTAL REVENUE $182,528

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,323

Fundraising Expenses $0

Program Expenses $154,828

Other Expenses $163,906

TOTAL EXPENSES $173,229

Year-over-Year Comparison

	2024	2023	Change
Revenue	$182,528	$142,809	+0.3%
Expenses	$173,229	$149,472	+0.2%
Net Income	$9,299	$-6,663	-2.4%

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

N/A

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

$1,700

Total Directors

$2,106

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL CROFT	DIRECTOR, GALLERY FACILITA	15.00	Director	$2,106	$0	$2,106
DENISE WILLIAMSON	DIRECTOR	10.00	Director	$0	$0	$0
CATHY CHANIN	DIRECTOR	2.00	Director	$0	$0	$0
SANDY POGUE	DIRECTOR	1.00	Director	$0	$0	$0
MARY SINKUS	CO-TREASURER	5.00	Officer	$0	$0	$0
MARCY EFFINGER	PRESIDENT	2.00	Officer	$0	$0	$0
MAYRA BENZ	CO-VICE PRESIDENT	1.00	Officer	$0	$0	$0
LENORA BABB	SECRETARY	3.00	Officer	$0	$0	$0
ROSIE FLOYD	CO-VICE PRESIDENT	2.00	Officer	$0	$0	$0
MERIBETH HOBBS	CO-TREASURER	10.00	Officer	$1,700	$0	$1,700

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	$182,528	$173,229	$485,899	$9,299
2023	$142,809	$149,472	$487,025	$-6,663
2022	No data	$299,877	$393,917	No data
2021	$24,204	$102,198	$569,919	$-77,994
2020	$37,426	$76,152	$543,798	$-38,726
2019	$168,039	$188,060	$572,295	$-20,021
2018	$96,044	$140,363	$585,085	$-44,319