WACO CREATIVE ART CENTER (EIN 741721811) - 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

1973

Legal Domicile

Principal Officer

MEGHAN BIAS

Phone

2547524371

Tax Period

2023-07-01 to 2024-06-30

WACO CREATIVE ART CENTER, founded in 1973, is a small nonprofit in the Arts, Culture & Humanities sector that reported $503K in total revenue in fiscal year 2023. Expenses of $438K left a modest 13% surplus.

Mission

TO EDUCATE THE COMMUNITY ABOUT CREATIVE ART EXPRESSION; ENCOURAGE APPRECIATION OF VARIOUS ART FORMS

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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 (2023)

Revenue Breakdown

Contributions & Grants $438,468

Program Service Revenue $12,464

Investment Income $11,947

Other Revenue $39,886

TOTAL REVENUE $502,765

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,169

Fundraising Expenses $47,132

Program Expenses $153,605

Other Expenses $265,573

TOTAL EXPENSES $437,742

Year-over-Year Comparison

	2023	2022	Change
Revenue	$502,765	$466,040	+0.1%
Expenses	$437,742	$523,048	-0.2%
Net Income	$65,023	$-57,008	-2.1%

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

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

$41,023

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALYCE BEARD	DIRECTOR	1.00	Director	$0	$0	$0
ANNE OLSON	SECRETARY	1.00	Officer Director	$0	$0	$0
MORGAN EYRING	CHAIR	1.00	Officer Director	$0	$0	$0
TYRHA LINDSEY-WARREN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHELSEY SMITH JR	DIRECTOR	1.00	Director	$0	$0	$0
PETE GROETZINGER	TREASURER	1.00	Officer Director	$0	$0	$0
JANE HAAS DAMRON	DIRECTOR	1.00	Director	$0	$0	$0
ERIC LINARES	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA LA VALLEUR-PURVIS	DIRECTOR	1.00	Director	$0	$0	$0
RISHER GILBERT	DIRECTOR	1.00	Director	$0	$0	$0
CURTIS L BROWN	DIRECTOR	1.00	Director	$0	$0	$0
MEGHAN F BIAS	EXECUTIVE DIRECTOR	40.00	Officer	$41,023	$0	$41,023

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
2024	$502,765	$437,742	$3,836,059	$65,023
2023	$466,040	$523,048	$3,992,642	$-57,008
2022	$1,611,495	$519,513	$4,262,132	$1,091,982
2021	$639,528	$199,025	$2,364,640	$440,503
2020	$535,268	$192,587	$1,620,715	$342,681
2019	$809,773	$195,410	$1,560,556	$614,363
2018	$258,724	$150,921	$1,136,523	$107,803

WACO CREATIVE ART CENTER