Art Colony Association 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

1994

Legal Domicile

Principal Officer

Obes Nwabara

Phone

7135210133

Tax Period

2024-01-01 to 2024-12-31

Art Colony Association Inc, founded in 1994, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.2M left a modest 7% surplus.

Mission

Art Colony Association provides art experiences and education for the greater Houston community by bringing diverse artists to urban Bayou City Art Festivals and supporting local non-profit organizations.

Program Service Accomplishments

Program 1

Expenses: $578,029 Revenue: $630,812

Bayou City Art Festival Memorial Park is held each year the second weekend of October in Houston's Memorial Park. The festival is built on two inner loops. The park is five miles from Downtown and...

Bayou City Art Festival Memorial Park is held each year the second weekend of October in Houston's Memorial Park. The festival is built on two inner loops. The park is five miles from Downtown and two miles from the Galleria area. The festival is the only public event held in the park other than Houston Rodeo access. Shuttle rides make transportation to and from the festival easy and convenient.

Program 2

Expenses: $526,403 Revenue: $491,217

Bayou City Art Festival Downtown is held each year in late March. The downtown skyline serves as a background for art, music, interactive activities and a Creative Zone for children. The festival is...

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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 $158,786

Program Service Revenue $1,108,855

Investment Income $21,886

Other Revenue $13,174

TOTAL REVENUE $1,302,701

Expense Breakdown

Grants Paid $88,091

Salaries & Benefits $171,055

Fundraising Expenses $0

Program Expenses $1,104,432

Other Expenses $955,018

TOTAL EXPENSES $1,214,164

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,302,701	$1,239,750	+0.1%
Expenses	$1,214,164	$1,242,381	0.0%
Net Income	$88,537	$-2,631	-34.7%

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

400

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

$100,843

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mike Pede	President	2.00	Officer Director	$0	$0	$0
Allen Brivic	Vice President	2.00	Officer Director	$0	$0	$0
Obes Nwabara	Secretary	2.00	Officer Director	$0	$0	$0
Mary Paulette	Treasurer	2.00	Officer Director	$0	$0	$0
Andrea Bonner	Director	1.00	Director	$0	$0	$0
Rodney Butler	Director	1.00	Director	$0	$0	$0
Kyle Carter	Director	1.00	Director	$0	$0	$0
Sydney Dao	Director	1.00	Director	$0	$0	$0
Drue DaSilva	Director	1.00	Director	$0	$0	$0
Debra Denny	Director	1.00	Director	$0	$0	$0
Gina Armstrong Evans	Director	1.00	Director	$0	$0	$0
Rebecca Gentry	Director	1.00	Director	$0	$0	$0
Kristin Jensen	Director	1.00	Director	$0	$0	$0
Michael Meazell	Director	1.00	Director	$0	$0	$0
Kate Robertson	Director	1.00	Director	$0	$0	$0
Kelley Robinson	Director	1.00	Director	$0	$0	$0
Heather Staible	Director	1.00	Director	$0	$0	$0
Kelly Batterson	Executive Director	40.00	Officer	$96,250	$4,593	$100,843

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	$1,302,701	$1,214,164	$512,240	$88,537
2023	$1,239,750	$1,242,381	$418,953	$-2,631
2022	$1,387,341	$1,221,330	$423,574	$166,011
2021	$668,473	$575,347	$266,082	$93,126
2020	$188,716	$393,555	$320,844	$-204,839
2019	$1,085,538	$1,098,962	$382,984	$-13,424
2018	$1,129,051	$1,037,278	$394,488	$91,773