TRI LAKES CENTER FOR THE ARTS (EIN 841462039) - 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

1998

Legal Domicile

Principal Officer

Michael Maddox

Phone

7194810475

Tax Period

2023-07-01 to 2024-06-30

TRI LAKES CENTER FOR THE ARTS, founded in 1998, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $71K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Net assets of $944K represent 158 months of operating reserves.

Mission

maintaining a facility to provide arts, music, and educational 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 (2023)

Revenue Breakdown

Contributions & Grants $21,807

Program Service Revenue $49,689

Investment Income $0

Other Revenue $0

TOTAL REVENUE $71,496

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,535

Fundraising Expenses $0

Program Expenses $73,038

Other Expenses $48,503

TOTAL EXPENSES $73,038

Year-over-Year Comparison

	2023	2022	Change
Revenue	$71,496	$135,999	-0.5%
Expenses	$73,038	$139,187	-0.5%
Net Income	$-1,542	$-3,188	-0.5%

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

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

$24,185

Total Directors

Key Employees

$24,535

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Maddox	Executive Director	40	Officer Key Emp Highest	$23,885	$0	$23,885
Carla Maddox	Executive Assistant / Secretary	20	Key Emp	$650	$0	$650
Jesse Maddox	President of the Board	10	Officer	$300	$0	$300
Debra Maddox	Secretary	10	Officer	$0	$0	$0
Linda King	Officer	5	Officer	$0	$0	$0
Maggie Williamson	Officer	2	Officer	$0	$0	$0
Anthony Pignatiello	Officer	2	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	$71,496	$73,038	$1,033,753	$-1,542
2023	$135,999	$139,187	$1,033,281	$-3,188
2022	$209,199	$198,473	$350,742	$10,726
2020	$118,356	$137,128	$397,467	$-18,772

TRI LAKES CENTER FOR THE ARTS