EASTLAND FINE ARTS ASSOCIATION (EIN 752179231) - 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

1987

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

EASTLAND FINE ARTS ASSOCIATION, founded in 1987, is a small nonprofit in the Arts, Culture & Humanities sector that reported $255K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $222K left a modest 13% surplus.

Mission

TO SUPPORT THE COMMUNITY OF EASTLAND IN EDUCATION AND APPRECIATION OF FINE ARTS.

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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 $99,626

Program Service Revenue $86,246

Investment Income $168

Other Revenue $68,701

TOTAL REVENUE $254,741

Expense Breakdown

Grants Paid $0

Salaries & Benefits $76,888

Fundraising Expenses $0

Program Expenses $221,910

Other Expenses $145,022

TOTAL EXPENSES $221,910

Year-over-Year Comparison

	2023	2022	Change
Revenue	$254,741	$222,362	+0.1%
Expenses	$221,910	$237,877	-0.1%
Net Income	$32,831	$-15,515	-3.1%

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

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

$53,247

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RHYNE HOBBS	COO	38.00	Key Emp	$53,247	$0	$53,247
JAYTON BAILEY	DIRECTOR	0.00	Director	$0	$0	$0
RICK RACKOW	DIRECTOR	0.00	Director	$0	$0	$0
CODY HUTCHESON	DIRECTOR	0.00	Director	$0	$0	$0
AL HAREMZA	DIRECTOR	0.00	Director	$0	$0	$0
MIKE PERRY	DIRECTOR	0.00	Director	$0	$0	$0
ROB KING	VICE PRESIDENT	0.00	Officer	$0	$0	$0
AMANDA BIRD	SECRETARY	0.00	Officer	$0	$0	$0
ANN FOLSOM	PRESIDENT	0.00	Officer	$0	$0	$0
DERRICK SAUCEDO	TREASURER	0.00	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	$254,741	$221,910	$501,448	$32,831
2022	$222,362	$237,877	$378,210	$-15,515
2021	$246,290	$192,919	$393,793	$53,371
2021	$246,290	$192,919	$393,793	$53,371
2019	$234,699	$242,039	$398,566	$-7,340
2018	$219,729	$213,155	$406,473	$6,574

EASTLAND FINE ARTS ASSOCIATION