ABILENE ARTS ALLIANCE (EIN 752411239) - 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

2006

Legal Domicile

Principal Officer

DARREL KNIGHT

Phone

3256771161

Tax Period

2024-01-01 to 2024-12-31

ABILENE ARTS ALLIANCE, founded in 2006, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $275K, a strong 24% operating margin.

Mission

SUPPORT FOR ARTS PROGRAMS

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,079,723

Program Service Revenue $0

Investment Income $80,549

Other Revenue $0

TOTAL REVENUE $1,160,272

Expense Breakdown

Grants Paid $860,242

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $860,242

Other Expenses $24,939

TOTAL EXPENSES $885,181

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,160,272	$824,441	+0.4%
Expenses	$885,181	$955,025	-0.1%
Net Income	$275,091	$-130,584	-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

N/A

Volunteers

825

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
STEPHEN JONES	DIRECTOR	1.00	Director	$0	$0	$0
JACK RAMSEY	DIRECTOR	1.00	Director	$0	$0	$0
ANGIE ROBISON	DIRECTOR	1.00	Director	$0	$0	$0
DICK SPALDING	DIRECTOR	1.00	Director	$0	$0	$0
PAM TIPPEN	DIRECTOR	1.00	Director	$0	$0	$0
JIM TITTLE	DIRECTOR	1.00	Director	$0	$0	$0
BILL WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
DARREL KNIGHT	PRESIDENT	1.00	Officer Director	$0	$0	$0
KO LONG	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARELYN SHEDD	TREASURER	1.00	Officer Director	$0	$0	$0
KELLY CANNON	SECRETARY	1.00	Officer Director	$0	$0	$0
MIKE WARREN	DIRECTOR	1.00	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
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

ABILENE ARTS ALLIANCE