ARTS COUNCIL OF FORT WORTH AND TAR… - Form 990 Financial Data

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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

1963

Legal Domicile

Principal Officer

WESLEY GENTLE

Phone

8177381938

Tax Period

2023-10-01 to 2024-09-30

ARTS COUNCIL OF FORT WORTH AND TARRANT COUNTY INC, founded in 1963, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2023. Expenses of $2.1M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE LEADERSHIP AND ADVOCACY TO THE ARTS IN FORT WORTH AND TARRANT COUNTY.

Program Service Accomplishments

Program 1

Expenses: $1,031,075

PROVIDED LEADERSHIP AND ADVOCACY TO THE ARTS IN FORT WORTH AND TARRANT COUNTY: FUNDED LOCAL ART ORGANIZATIONS THROUGH A COMPETITIVE GRANTS PROGRAM AND COMPREHENSIVE ARTS EDUCATIONAL PROGRAM FOR...

PROVIDED LEADERSHIP AND ADVOCACY TO THE ARTS IN FORT WORTH AND TARRANT COUNTY: FUNDED LOCAL ART ORGANIZATIONS THROUGH A COMPETITIVE GRANTS PROGRAM AND COMPREHENSIVE ARTS EDUCATIONAL PROGRAM FOR INDIVIDUALS AND NONPROFIT ORGANIZATIONS. SUPPORTED 39 ARTS ORGANIZATIONS THAT REACHED 1,343,625 INDIVIDUALS WITH IN-PERSON EVENTS, 9,475 WITH ONLINE PRESENTATIONS. AN AVERAGE OF 45% OF PROGRAMMING WAS FREE TO PARTICIPANTS.

Program 2

Expenses: $505,295 Revenue: $58,663

PUBLIC ART PROGRAM: MANAGED THE CITY OF FORT WORTH PUBLIC ART PROGRAM FOR THE PURPOSE OF ENHANCING THE VISUAL ENVIRONMENT OF OUR CITY. SCOPE OF PROJECT MANAGEMENT INCLUDED 45 PUBLIC ART PROJECTS IN VARIOUS STAGES OF COMPLETION; CLEANING AND MAINTENANCE OF OVER 185 COMPLETED ARTWORKS IN THE COLLECTION; CONDUCTED 16 COMMUNITY ENGAGEMENT MEETINGS, AND 242 PROJECT-SPECIFIC CORE TEAM/COMMUNITY MEETINGS.

Program 3

Expenses: $184,938

OUTREACH ARTS PROGRAM GRANTS: SUPPORTED 16 ARTS ORGANIZATIONS THAT REACHED 470,886 YOUTH; 100% OF ARTS PROGRAMMING OFFERED WAS FREE TO PARTICIPANTS. PROGRAMMING TOOK PLACE IN TITLE I SCHOOLS, PUBLIC...

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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 $1,851,476

Program Service Revenue $58,663

Investment Income $6,945

Other Revenue $0

TOTAL REVENUE $1,917,084

Expense Breakdown

Grants Paid $950,842

Salaries & Benefits $945,343

Fundraising Expenses $85,315

Program Expenses $1,721,308

Other Expenses $253,798

TOTAL EXPENSES $2,149,983

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,917,084	$1,923,982	0.0%
Expenses	$2,149,983	$2,127,212	+0.0%
Net Income	$-232,899	$-203,230	+0.1%

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

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

$320,190

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WESLEY GENTLE	Executive Dir.	39.00	Officer	$101,458	$15,545	$117,003
MARTHA PETERS	DIR PUBLIC ART	39.00	Officer	$96,649	$13,772	$110,421
MARLA OWEN	CENTER DIRECTOR	0.00	Officer	$0	$12,653	$92,766
TANISIA CASTILLO-QUEPPET	Director	1.00	Director	$0	$0	$0
ESTRUS TUCKER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MEGAN HENDERSON	CHAIR	2.00	Officer Director	$0	$0	$0
STEVE GORDON	Director	1.00	Director	$0	$0	$0
KATHERINE SMITH	Secretary	2.00	Officer Director	$0	$0	$0
CARTER SHACKELFORD	Director	1.00	Director	$0	$0	$0
WHITNEY MCLEAN	Director	1.00	Director	$0	$0	$0
STEVE MONTGOMERY	Director	1.00	Director	$0	$0	$0
LAUREN EAST	Director	1.00	Director	$0	$0	$0
BLAKE MOORMAN	Director	1.00	Director	$0	$0	$0
SABRINA ROMERO-WILSON	Director	1.00	Director	$0	$0	$0
LISA POWERS MILLER	Director	1.00	Director	$0	$0	$0
ROBERT L JAMESON	Director	1.00	Director	$0	$0	$0
DUSTY LEWIS	Director	1.00	Director	$0	$0	$0
JESSICA SANGSVANG	Director	1.00	Director	$0	$0	$0
GLENDA THOMPSON	Director	1.00	Director	$0	$0	$0
GRANT SUMMERS	Treasurer	2.00	Officer Director	$0	$0	$0
DAWN TAFT	Director	1.00	Director	$0	$0	$0
SHANNA SALDANA	Director	1.00	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	$1,917,084	$2,149,983	$1,261,721	$-232,899
2023	$1,923,982	$2,127,212	$1,428,583	$-203,230
2022	$2,120,732	$2,307,757	$1,548,812	$-187,025
2021	$2,299,736	$2,225,373	$1,811,616	$74,363
2020	$2,121,480	$2,044,567	$1,731,618	$76,913
2019	$2,251,841	$1,952,153	$1,621,995	$299,688
2018	$1,865,790	$1,911,801	$1,426,140	$-46,011

ARTS COUNCIL OF FORT WORTH AND TARRANT COUNTY INC