Midland, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ARTS COUNCIL OF MIDLAND, founded in 1981, is a small nonprofit in the Arts, Culture & Humanities sector that reported $699K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $632K left a modest 10% surplus.
Enriching lives with the arts through community wide advocacy, education, outreach, and promotion.
Celebration of the Arts - An annual three day visual and performing arts festival that brings together an array of art activities, performances, and displays to downtown Midland in a family oriented...
Celebration of the Arts - An annual three day visual and performing arts festival that brings together an array of art activities, performances, and displays to downtown Midland in a family oriented event. Visual arts are local, regional, and national artists who are juried in to participate in the festival. Performing artists, mostly local, have a stage and captive visitors to listen to or view their acts. Sponsors are treated to a premier party with food and beverages and get the first opportunity to see the visual artists work. Throughout the day on Saturday and Sunday, there are visual and performing artists, art activities that include take away projects for children, demonstrations, informal lectures, and several nonprofit organizations that highlight their organizations for visitors.
Subgranting Program that provides funds to local qualifying organizations for use in providing art programs in the Midland area. Subgrants are dispersed through this systematic and coordinated...
Subgranting Program that provides funds to local qualifying organizations for use in providing art programs in the Midland area. Subgrants are dispersed through this systematic and coordinated application process to organizations that range in size and length or existence that request funds for stimulating new activities, out of the ordinary projects, and laudable programming.
Other programs Other programs include the Sculpture Garden on the grounds of the Arts Council offices, which includes several sculptures with plans of expanding, a quarterly visual art series that...
Other programs Other programs include the Sculpture Garden on the grounds of the Arts Council offices, which includes several sculptures with plans of expanding, a quarterly visual art series that showcases various area fine artists and an artist community market which features local and regional visual and performing artists. Other program services include ACM classes offered twice weekly in the mornings, and evenings weekly throughout the year. Classes include watercolori painting, drawing and design, pottery and clayworking. .
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $699,201 | $554,399 | +0.3% |
| Expenses | $631,721 | $528,523 | +0.2% |
| Net Income | $67,480 | $25,876 | +1.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Danny Holeva | Executive director | 040.00 |
Officer
|
$105,196 | $8,379 | $113,575 |
| Stephanie Rivas | President | 001.00 |
Officer
Director
|
$0 | $0 | $0 |
| Karl Rundgren | Immediate Past President | 001.00 |
Officer
Director
|
$0 | $0 | $0 |
| Katie Grissam | President-Elect | 001.00 |
Officer
Director
|
$0 | $0 | $0 |
| Katrina Lunceford | Secretary | 001.00 |
Officer
Director
|
$0 | $0 | $0 |
| Laurie Williams | Treasurer | 001.00 |
Officer
Director
|
$0 | $0 | $0 |
| Kara Bryant | Trustee | 001.00 |
Director
|
$0 | $0 | $0 |
| Keith Dial | Trustee | 001.00 |
Director
|
$0 | $0 | $0 |
| Jeff Hernandez | Trustee | 001.00 |
Director
|
$0 | $0 | $0 |
| Melissa Hooper | Trustee | 001.00 |
Director
|
$0 | $0 | $0 |
| Pam Inskeep | Trustee | 001.00 |
Director
|
$0 | $0 | $0 |
| Amanda Lopez | Trustee | 001.00 |
Director
|
$0 | $0 | $0 |
| Megan Menendez | Trustee | 001.00 |
Director
|
$0 | $0 | $0 |
| Meera Ramoutar | Trustee | 001.00 |
Director
|
$0 | $0 | $0 |
| Trey Walker | Trustee | 001.00 |
Director
|
$0 | $0 | $0 |
| Carl Ware | Trustee | 001.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $699,201 | $631,721 | $1,047,799 | $67,480 |
| 2023 | $554,399 | $528,523 | $967,203 | $25,876 |
| 2022 | $567,392 | $449,125 | $932,242 | $118,267 |
| 2021 | $529,603 | $409,373 | $856,759 | $120,230 |
| 2020 | $479,826 | $380,807 | $727,275 | $99,019 |
| 2019 | $508,179 | $404,255 | $592,796 | $103,924 |
| 2018 | $418,520 | $374,301 | $441,586 | $44,219 |
Compare ARTS COUNCIL OF MIDLAND with other nonprofits in Texas and across the country.