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.
Arts Council of Midland has been a voice for the arts in our community by enriching lives with the arts through community wide advocacy, education, outreach and promotion for over 44years. ACM was founded to present Celebration of the Arts. In the ensuing four decades, ACM has developed into a supporter for the arts and the entire community, developing relationships between the City of Midland and area arts organizations. Midlands educational, cultural an dartistic life is essential to the quality of life our citizens enjoy. Through many collaborations with area arts organizations ACM improves the lives of the citizens of MIdland.
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.