FLORENCE ARCHITECTURAL AND CULTURAL TRADITIONS (EIN 742676364) - 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

1993

Legal Domicile

Phone

7195106854

Tax Period

2024-04-01 to 2025-03-31

FLORENCE ARCHITECTURAL AND CULTURAL TRADITIONS, founded in 1993, is a small nonprofit that reported $230K in total revenue in fiscal year 2024. Revenue surged 121% from the prior year, signaling strong growth momentum. The organization ran a surplus of $108K, a strong 47% operating margin.

Mission

Continuing restoration and ongoing maintenance of registered historical 1923 theater of performing arts while utilizing the buildings original function plus adding a variety of more modern entertainment 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 (2024)

Revenue Breakdown

Contributions & Grants $126,372

Program Service Revenue $88,259

Investment Income $0

Other Revenue $14,972

TOTAL REVENUE $229,603

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $111,232

Other Expenses $121,151

TOTAL EXPENSES $121,151

Year-over-Year Comparison

	2024	2023	Change
Revenue	$229,603	$103,891	+1.2%
Expenses	$121,151	$103,868	+0.2%
Net Income	$108,452	$23	+4714.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carolyn Solseth	President	30.00	Officer Director	$0	$0	$0
Marc Baluch	Vice President	20.00	Officer Director	$0	$0	$0
Debbie Morton	Secretary	10.00	Officer Director	$0	$0	$0
Kathy Herrin	Director	10.00	Director	$0	$0	$0
Martie LaCasse	Director	10.00	Director	$0	$0	$0
Tay Jeffords	Director	10.00	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	$229,603	$121,151	$965,020	$108,452
2024	$103,891	$103,868	$854,243	$23
2023	$137,866	$96,064	$858,328	$41,802
2022	$60,621	$52,122	$993,719	$8,499
2021	$15,132	$23,386	$985,219	$-8,254
2020	$38,427	$33,699	$993,148	$4,728

FLORENCE ARCHITECTURAL AND CULTURAL TRADITIONS