ABILENE ARTS ALLIANCE

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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

2006

Legal Domicile

Principal Officer

DARREL KNIGHT

Phone

3256771161

Tax Period

2025-01-01 to 2025-12-31

ABILENE ARTS ALLIANCE, founded in 2006, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2025. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $292K, a strong 17% operating margin.

Mission

TO STRENGTHEN THE AREA'S CULTURAL LIFE THROUGH STRATEGIC INVESTMENT IN ITS CULTURAL RESOURCES; TO BE AN ADVOCATE FOR CULTURAL ORGANIZATIONS, ACTIVITIES AND INITIATIVES THROUGHOUT THE COMMUNITY; AND TO ENSURE THE CULTURAL DEVELOPMENT OF YOUNG PEOPLE.

Program Service Accomplishments

Program 1

Expenses: $824,089

SUPPORT FOR THE ENHANCEMENT OF THE CULTURAL DISTRICT OF ABILENE, TEXAS.

Program 2

Expenses: $385,022

SUPPORT FOR ARTS PROGRAMMING FOR CHILDREN AND SPECIAL POPULATIONS IN THE COMMUNITY. HEARTS FOR THE ARTS PROGRAMS INCLUDE: THE GRACE MUSEUM, ABILENE PHILHARMONIC, AND NATIONAL CENTER FOR CHILDREN'S...

SUPPORT FOR ARTS PROGRAMMING FOR CHILDREN AND SPECIAL POPULATIONS IN THE COMMUNITY. HEARTS FOR THE ARTS PROGRAMS INCLUDE: THE GRACE MUSEUM, ABILENE PHILHARMONIC, AND NATIONAL CENTER FOR CHILDREN'S ILLUSTRATED LITERATURE STUDENT TOURS, YOUNG AUDIENCES PROGRAMMING AND RESIDENCIES WITHIN REGION 14 SCHOOLS, AND THE CENTER FOR CONTEMPORARY ARTS ARTREACH PROGRAM.

Program 3

Expenses: $162,444

SUPPORT FOR THE CHILDREN'S ART AND LITERACY FESTIVAL, AN ANNUAL EVENT THAT PROMOTES CHILDREN'S LITERACY BY SHOWCASING CHILDREN'S ILLUSTRATED LITERATURE AND THE ARTWORK OF THE ILLUSTRATORS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,581,217

Program Service Revenue $0

Investment Income $138,057

Other Revenue $0

TOTAL REVENUE $1,719,274

Expense Breakdown

Grants Paid $1,391,555

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,391,555

Other Expenses $35,381

TOTAL EXPENSES $1,426,936

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,719,274	$1,160,272	+0.5%
Expenses	$1,426,936	$885,181	+0.6%
Net Income	$292,338	$275,091	+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

N/A

Volunteers

646

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARY ETTER	DIRECTOR	1.00	Director	$0	$0	$0
JAY HARDAWAY	DIRECTOR	1.00	Director	$0	$0	$0
SANDIP MATHUR	DIRECTOR	1.00	Director	$0	$0	$0
SUE MCWILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
JACK RAMSEY	DIRECTOR	1.00	Director	$0	$0	$0
JASON HALL	DIRECTOR	1.00	Director	$0	$0	$0
CORBY FLANAGAN	DIRECTOR	1.00	Director	$0	$0	$0
JULIE NAPIER	DIRECTOR	1.00	Director	$0	$0	$0
BECKY COLMAN	DIRECTOR	1.00	Director	$0	$0	$0
NANCY CAPRA	DIRECTOR	1.00	Director	$0	$0	$0
JULIE WILSON	DIRECTOR	1.00	Director	$0	$0	$0
CINDY STRAIN	DIRECTOR	1.00	Director	$0	$0	$0
LYNN ROEDER	DIRECTOR	1.00	Director	$0	$0	$0
ANGIE ROBISON	SECRETARY	1.00	Officer Director	$0	$0	$0
PAM TIPPEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARELYN SHEDD	TREASURER	1.00	Officer Director	$0	$0	$0
DARREL KNIGHT	PRESIDENT	1.00	Officer 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
2025	$1,719,274	$1,426,936	$3,293,468	$292,338
2024	$1,160,272	$885,181	$2,842,268	$275,091
2023	$824,441	$955,025	$2,484,552	$-130,584
2022	$1,359,387	$1,315,105	$2,483,700	$44,282
2021	$998,057	$425,856	$2,627,639	$572,201
2020	$619,773	$502,130	$1,951,180	$117,643
2019	$760,950	$706,405	$1,676,290	$54,545
2018	$556,210	$397,370	$1,480,373	$158,840