TEXANA ARTS COUNCIL (EIN 742719867) - 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

1994

Legal Domicile

Principal Officer

SHELLEY SRP

Phone

3617825949

Tax Period

2023-01-01 to 2023-12-31

TEXANA ARTS COUNCIL, founded in 1994, is a small nonprofit that reported $287K in total revenue in fiscal year 2023. Revenue surged 194% from the prior year, signaling strong growth momentum. The organization ran a surplus of $190K, a strong 66% operating margin.

Mission

THE TEXANA ARTS COUNCIL IS DEDICATED TO PRESERVING AND RESTORING THE EDNA THEATRE WHILE PROMOTING THE GROWTH OF THE ARTS, ENTERTAINMENT AND SPECIAL EVENTS TO ENHANCE THE CULTURAL RICHNESS OF JACKSON COUNTY AND ITS 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 $213,510

Program Service Revenue $0

Investment Income $1,350

Other Revenue $71,854

TOTAL REVENUE $286,714

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,124

Program Expenses $91,858

Other Expenses $96,566

TOTAL EXPENSES $96,566

Year-over-Year Comparison

	2023	2022	Change
Revenue	$286,714	$97,572	+1.9%
Expenses	$96,566	$12,759	+6.6%
Net Income	$190,148	$84,813	+1.2%

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
SHELLEY SRP	President	20.00	Officer Director	$0	$0	$0
JAKE SRP	Vice President	10.00	Officer Director	$0	$0	$0
LINDA REAVES	Secretary	15.00	Officer Director	$0	$0	$0
BILL REAVES	Treasurer	14.00	Officer Director	$0	$0	$0
WILL LARKIN	Director	2.00	Director	$0	$0	$0
LASONYA ROBINSON	Director	2.00	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	No data	No data	No data	No data
2023	$286,714	$96,566	$310,217	$190,148

TEXANA ARTS COUNCIL