HARRINGTON CENTER FOR THE ARTS (EIN 820725224) - 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

2017

Principal Officer

SPENCER STEVENS

Phone

8017568000

Tax Period

2022-01-01 to 2022-12-31

HARRINGTON CENTER FOR THE ARTS, founded in 2017, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2022. Revenue surged 119% from the prior year, signaling strong growth momentum. The organization ran a surplus of $698K, a strong 51% operating margin.

Mission

TO PROMOTE A CULTURE OF CREATIVITY AND LEARNING BY SUPPORTING THE ARTS IN EDUCATION, PERFORMANCE, AND OPPORTUNITIES THAT UPLIFT INDIVIDUALS, FAMILIS, AND OUR COMMUNITY AND INSPIRE MEANINGFUL HUMAN CONNECTIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,259,470

Program Service Revenue $131,505

Investment Income $323

Other Revenue $-28,761

TOTAL REVENUE $1,362,537

Expense Breakdown

Grants Paid $0

Salaries & Benefits $137,014

Fundraising Expenses $19,182

Program Expenses $620,888

Other Expenses $527,772

TOTAL EXPENSES $664,786

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,362,537	$621,447	+1.2%
Expenses	$664,786	$383,105	+0.7%
Net Income	$697,751	$238,342	+1.9%

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

300

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

$110,000

Total Directors

$110,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SPENCER STEVENS	VICE PRES AM	35.00	Officer Director	$55,000	$0	$55,000
SUMMERISA STEVENS	PRESIDENT	35.00	Officer Director	$55,000	$0	$55,000
RYAN BACHER	DIRECTOR	1.00	Director	$0	$0	$0
BLAKE BARLOW	DIRECTOR	2.00	Director	$0	$0	$0
CAROL BELL	DIRECTOR	4.00	Director	$0	$0	$0
DAVID BELL	DIRECTOR	2.00	Director	$0	$0	$0
HOLLY COOPER	DIRECTOR	2.50	Director	$0	$0	$0
CHERYL EDWARDS	DIRECTOR	2.00	Director	$0	$0	$0
LANCE EVANSON	DIRECTOR	1.00	Director	$0	$0	$0
VALECIA GREEN	BOARD CHAIR	3.00	Director	$0	$0	$0
CURTIS MINER	DIRECTOR	2.50	Director	$0	$0	$0
RICH ROBERTS	DIRECTOR	1.50	Director	$0	$0	$0
JEFF SERMON	DIRECTOR	2.00	Director	$0	$0	$0
BLAKE STOWELL	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	No data	No data	No data	No data
2022	$1,362,537	$664,786	$1,037,858	$697,751
2021	$621,447	$383,105	$333,578	$238,342

HARRINGTON CENTER FOR THE ARTS