Brazosport Fine Arts Council Inc (EIN 741767794) - 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

1974

Legal Domicile

Principal Officer

Wesley Copeland

Phone

9792657661

Tax Period

2023-10-01 to 2024-09-30

Brazosport Fine Arts Council Inc, founded in 1974, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $1.2M left a modest 15% surplus.

Mission

The organization owns a fine arts facility housing two theaters, an art gallery, a planetarium and a natural science museum. All promote the arts and sciences in the surrounding communities.

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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 $903,478

Program Service Revenue $214,783

Investment Income $250,767

Other Revenue $44,585

TOTAL REVENUE $1,413,613

Expense Breakdown

Grants Paid $112,950

Salaries & Benefits $421,788

Fundraising Expenses $0

Program Expenses $1,097,792

Other Expenses $669,546

TOTAL EXPENSES $1,204,284

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,413,613	$2,781,419	-0.5%
Expenses	$1,204,284	$1,247,945	0.0%
Net Income	$209,329	$1,533,474	-0.9%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

207

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
Wesley Copeland	Executive Director	40.00		$88,653	$0	$88,653
Craig Fritz	Director	0.00	Director	$0	$0	$0
Jim Hill	President	0.00	Officer Director	$0	$0	$0
Yvonne Mintz	Director	0.00	Director	$0	$0	$0
Will Brooks	Secretary	0.00	Officer Director	$0	$0	$0
Ron Bachman	Director	0.00	Director	$0	$0	$0
Andrea Raitt	Director	0.00	Director	$0	$0	$0
Tom Fowler	Treasurer	0.00	Officer Director	$0	$0	$0
Ron White	Director	0.00	Director	$0	$0	$0
Steve Elbert	Director	0.00	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
2024	$1,413,613	$1,204,284	$7,112,727	$209,329
2023	$2,783,552	$1,247,945	$6,485,964	$1,535,607
2023	$2,781,419	$1,247,945	$6,485,964	$1,533,474
2022	$847,449	$1,036,492	$6,158,273	$-189,043
2021	$1,825,921	$852,818	$7,231,625	$973,103
2020	$657,783	$810,560	$6,495,623	$-152,777
2019	$849,728	$1,082,753	$6,632,889	$-233,025
2018	$867,633	$792,659	$6,825,742	$74,974

Brazosport Fine Arts Council Inc