NORTHWEST MICHIGAN ARTS & CULTURE NETWORK (EIN 831282144) - 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

2018

Legal Domicile

Principal Officer

AMY GILLARD

Phone

2317140944

Tax Period

2024-10-01 to 2025-09-30

NORTHWEST MICHIGAN ARTS & CULTURE NETWORK, founded in 2018, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $93K in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $139K exceeded revenue, resulting in a 50% operating deficit.

Mission

TO HARNESS THE COLLECTIVE POWER OF THE CREATIVE SECTOR TO CULTIVATE VIBRANT COMMUNITIES BY STRENGTHENING THE REGIONAL ECOSYSTEM THAT SUPPORTS ARTS AND CULTURE.

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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 $80,570

Program Service Revenue $12,345

Investment Income $0

Other Revenue $0

TOTAL REVENUE $92,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63,999

Fundraising Expenses $5,218

Program Expenses $83,704

Other Expenses $74,924

TOTAL EXPENSES $138,923

Year-over-Year Comparison

	2024	2023	Change
Revenue	$92,915	$188,734	-0.5%
Expenses	$138,923	$224,546	-0.4%
Net Income	$-46,008	$-35,812	+0.3%

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

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

$44,583

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY GILLARD	PRESIDENT	1.00	Officer Director	$0	$0	$0
CINDY MCSURELY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TYLER PALSROK	TREASURER	1.00	Officer Director	$0	$0	$0
REBECCA CHILDS	SECRETARY	1.00	Officer Director	$0	$0	$0
CHAD LINDSEY	DIRECTOR	1.00	Director	$0	$0	$0
SAM CHARNES	DIRECTOR	1.00	Director	$0	$0	$0
KARI DE BOER	DIRECTOR	1.00	Director	$0	$0	$0
JULIE HAY	DIRECTOR	1.00	Director	$0	$0	$0
JAMES REZNICH	DIRECTOR	1.00	Director	$0	$0	$0
BRETT SINCLAIR	DIRECTOR	1.00	Director	$0	$0	$0
MI STANLEY	DIRECTOR	1.00	Director	$0	$0	$0
WHITNEY WAARA	DIRECTOR	1.00	Director	$0	$0	$0
TROY DESHANO	EXECUTIVE DIRECTOR	40.00	Officer	$44,583	$0	$44,583

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	$92,915	$138,923	$37,530	$-46,008
2024	$188,734	$224,546	$77,212	$-35,812
2023	$156,841	$139,738	$77,379	$17,103
2022	$138,494	$130,136	$60,276	$8,358
2021	$133,324	$113,024	$51,918	$20,300
2020	$103,231	$96,264	$31,618	$6,967
2019	$34,375	$19,224	$7,651	$15,151

NORTHWEST MICHIGAN ARTS & CULTURE NETWORK