GREATER DENTON ARTS COUNCIL INC (EIN 751326458) - 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

1970

Legal Domicile

Principal Officer

KRISSI ODEN

Phone

9405661486

Tax Period

2023-01-01 to 2023-12-31

GREATER DENTON ARTS COUNCIL INC, founded in 1970, is a small nonprofit in the Arts, Culture & Humanities sector that reported $352K in total revenue in fiscal year 2023. Expenses of $497K exceeded revenue, resulting in a 41% operating deficit.

Mission

One of the Arts Councils primary focuses is to provide financial support to its member organizations, giving over $1.5 million in grants since 1980. In addition, the Arts Council presents high quality exhibitions in its galleries, featuring both local and national artists. In 2011, The Arts Council began a partnership with the College of Music at the University of North Texas to curate exhibits of regional artists in the Murchison Performing Arts Center expanding the reach and visibility of area artists to new audiences.

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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 $47,944

Program Service Revenue $4,415

Investment Income $25,935

Other Revenue $273,273

TOTAL REVENUE $351,567

Expense Breakdown

Grants Paid $6,571

Salaries & Benefits $259,107

Fundraising Expenses $0

Program Expenses $496,531

Other Expenses $230,853

TOTAL EXPENSES $496,531

Year-over-Year Comparison

	2023	2022	Change
Revenue	$351,567	$361,048	0.0%
Expenses	$496,531	$473,630	+0.0%
Net Income	$-144,964	$-112,582	+0.3%

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

Volunteers

100

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

$71,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGINA NGOZI	Director	40.00	Officer	$71,000	$0	$71,000
ABIGAIL TILTON	Trustee	1.00	Director	$0	$0	$0
MICHELLE HOUSTON	Vice President	1.00	Officer Director	$0	$0	$0
LUCAS HOLL	Trustee	1.00	Director	$0	$0	$0
NATALIE NICHELSON	Trustee	1.00	Director	$0	$0	$0
MARK SMITH	President	1.00	Officer Director	$0	$0	$0
BRIAN MCGOLDRICK	Secretary	1.00	Officer Director	$0	$0	$0
TRAVIS VISELKA	Treasurer	1.00	Officer Director	$0	$0	$0
ROB PARTON	Trustee	1.00	Director	$0	$0	$0
PETER HYLAND	Trustee	1.00	Director	$0	$0	$0
SHELLY DENNING	Trustee	1.00	Director	$0	$0	$0
THOM TALBOT	Trustee	1.00	Director	$0	$0	$0
JACKIE DEMONTMILLON	Trustee	1.00	Director	$0	$0	$0
KAREN HUTZEL	Trustee	1.00	Director	$0	$0	$0
KRISSI ODEN	Executive Dir.	40.00	Officer	$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	$351,567	$496,531	$1,469,290	$-144,964
2022	$361,048	$473,630	$1,614,209	$-112,582
2021	$351,403	$466,014	$1,725,844	$-114,611
2020	$341,522	$464,547	$1,837,361	$-123,025
2019	$375,040	$522,387	$1,958,907	$-147,347
2018	$362,931	$537,007	$2,151,216	$-174,076

GREATER DENTON ARTS COUNCIL INC