FORT SMITH ART CENTER INC (EIN 716056672) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1968

Legal Domicile

Principal Officer

LAWSON HEMBREE

Phone

4797842787

Tax Period

2024-07-01 to 2025-06-30

FORT SMITH ART CENTER INC A/K/A FORT SMITH REGIONAL ART MUSEU, founded in 1968, is a small nonprofit in the Arts, Culture & Humanities sector that reported $586K in total revenue in fiscal year 2018. Expenses of $770K exceeded revenue, resulting in a 31% operating deficit.

Mission

THE FORT SMITH ART CENTER IS ESTABLISHED TO FOSTER ART APPRECIATION IN THE COMMUNITY THROUGH DIVERSE EXHIBITIONS, EDUCATIONSAL PROGRAMMING, DYNAMIC EVENTS, AND CULTURAL PARTNERSHIPS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $668,977

Program Service Revenue $142,524

Investment Income $40,347

Other Revenue $13,274

TOTAL REVENUE $865,122

Expense Breakdown

Grants Paid $0

Salaries & Benefits $367,580

Fundraising Expenses $80,255

Program Expenses $542,034

Other Expenses $445,376

TOTAL EXPENSES $812,956

Year-over-Year Comparison

	2024	2023	Change
Revenue	$865,122	$870,410	0.0%
Expenses	$812,956	$816,420	0.0%
Net Income	$52,166	$53,990	0.0%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBBIE BOGNER	ASSISTANT TR	1.00	Officer Director	$0	$0	$0
SCOTT CLARK	DIRECTOR	1.00	Director	$0	$0	$0
DARLA DESIDERIO	DIRECTOR	1.00	Director	$0	$0	$0
DR GEORGIA HALE	SECRETARY	1.00	Officer Director	$0	$0	$0
LAWSON HEMBREE	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL JOHNS	DIRECTOR	1.00	Director	$0	$0	$0
KAREN LEWIS	TREASURER	1.00	Officer Director	$0	$0	$0
MILA MASUR	DIRECTOR	1.00	Director	$0	$0	$0
JOAN MCCOY	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA MICKLE	DIRECTOR	1.00	Director	$0	$0	$0
JULIE MONCRIEF	DIRECTOR	1.00	Director	$0	$0	$0
STORM NOLAN	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE PIZZA	DIRECTOR	1.00	Director	$0	$0	$0
BECKY SCHNEIDER	DIRECTOR	1.00	Director	$0	$0	$0
SAM TERRY	VICE CHAIRMA	1.00	Director	$0	$0	$0
DAVID TYLER	DIRECTOR	1.00	Director	$0	$0	$0
LINDA UDOUJ	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	$865,122	$812,956	$4,852,735	$52,166
2024	$870,410	$816,420	$4,661,530	$53,990
2023	$850,833	$983,329	$4,583,934	$-132,496
2022	$1,507,880	$883,250	$4,977,849	$624,630
2021	$739,089	$732,574	$4,347,968	$6,515
2020	$576,622	$693,601	$4,394,424	$-116,979
2019	$585,949	$770,358	$4,451,077	$-184,409

FORT SMITH ART CENTER INC