KERR ARTS & CULTURAL CENTER 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

1996

Legal Domicile

Principal Officer

LANZA TEAGUE

Phone

8308952911

Tax Period

2023-01-01 to 2023-12-31

KERR ARTS & CULTURAL CENTER INC, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $161K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $251K exceeded revenue, resulting in a 56% operating deficit.

Mission

ENRICH CULTURAL LIFE OF THE COMMUNITY AND SUPPORT MEMBERS ARTISTS OF THE TEXAS HILL COUNTRY

Program Service Accomplishments

Program 1

Expenses: $64,646 Revenue: $20,442

THE ORGANIZATION PROMOTES ARTISTIC TALENT IN KERRVILLE AND THE HILL COUNTRY THROUGH HOSTING EXHIBITS OF ART IN OUR GALLERIES. EXHIBITS VARIED AND INCLUDE VARIOUS SHOWS. AFFLILIATED GROUPS AND...

THE ORGANIZATION PROMOTES ARTISTIC TALENT IN KERRVILLE AND THE HILL COUNTRY THROUGH HOSTING EXHIBITS OF ART IN OUR GALLERIES. EXHIBITS VARIED AND INCLUDE VARIOUS SHOWS. AFFLILIATED GROUPS AND INDIVIDUAL ARTISTS USE THE FACILITY TO SHOWCASE THEIR ART. THE CENTER HAS HOSTED OUTDOOR EVENTS AND ATTRACTS OVER 20000 VISITORS A YEAR. OVER 500 ARTISTS FROM VARIOUS GROUPS ARE REPRESENTED. VARIOUS MEDIA PAINTERS, PHOTOGRAPHERS, WOOD TURNERS, QUILTERS AND MORE ARE REPRESENTED.

Program 2

Expenses: $9,076 Revenue: $13,070

ART CLASSES ARE OFFEREDTO ALL AGES. A SUMER YOUTH ART CAMP INCLUDES VARIOUS ART MEDIA. YOUTH CREATE VARIOUS ART TYPES AND ADULT EDUCATION CLASSES PROMOTE ART IN THE HILL COUNTRY.

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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 $48,966

Program Service Revenue $56,841

Investment Income $173

Other Revenue $54,551

TOTAL REVENUE $160,531

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,004

Fundraising Expenses $23,682

Program Expenses $215,547

Other Expenses $184,938

TOTAL EXPENSES $250,942

Year-over-Year Comparison

	2023	2022	Change
Revenue	$160,531	$303,136	-0.5%
Expenses	$250,942	$244,993	+0.0%
Net Income	$-90,411	$58,143	-2.6%

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

N/A

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
ROGER ARNOLD	DIRECTOR	N/A	Director	$0	$0	$0
ELAINE CAPERS	PRESIDENT	N/A	Director	$0	$0	$0
MISTY IRWIN	DIRECTOR	N/A	Director	$0	$0	$0
J CLINT MORRIS	DIRECTOR	N/A	Director	$0	$0	$0
RANDY SIMANK	DIRECTOR	N/A	Director	$0	$0	$0
STEVE SMITH	DIRECTOR	N/A	Director	$0	$0	$0
JOHN STEGALL	DIRECTOR	N/A	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	$160,531	$250,942	$690,642	$-90,411
2022	$303,136	$244,993	$787,699	$58,143
2021	$225,046	$256,393	$720,004	$-31,347
2020	$254,378	$312,095	$745,394	$-57,717
2019	$188,925	$235,422	$784,650	$-46,497