Northville Art House Inc

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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

2005

Legal Domicile

Principal Officer

Susan Taylor

Phone

2483440497

Tax Period

2025-01-01 to 2025-12-31

Northville Art House Inc, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $305K in total revenue in fiscal year 2025.

Mission

The Northville Art House inspires a creative community through engagement with the arts. It is a place for everyone to connect, learn, discover, create, and belong.

Program Service Accomplishments

Program 1

Expenses: $98,327 Revenue: $56,272

Present, raise awareness and facilitate the sale of artworks created by artists who reside in Northville and southeastern Michigan. Conduct pubic programs that develop art appreciation and promote...

Present, raise awareness and facilitate the sale of artworks created by artists who reside in Northville and southeastern Michigan. Conduct pubic programs that develop art appreciation and promote the history of the City of Northville.

Program 2

Expenses: $177,756 Revenue: $172,822

Educational classes that teach artistic skills and develop art appreciation.

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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 $74,321

Program Service Revenue $229,094

Investment Income $1,061

Other Revenue $800

TOTAL REVENUE $305,276

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $142,571

Fundraising Expenses $14,477

Program Expenses $276,083

Other Expenses $178,807

TOTAL EXPENSES $322,378

Year-over-Year Comparison

	2025	2024	Change
Revenue	$305,276	$287,460	+0.1%
Expenses	$322,378	$320,612	+0.0%
Net Income	$-17,102	$-33,152	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHANNON KAROL	Executive Director	40.00	Highest	$71,962	$0	$71,962
ROLAND HWANG	Board Member	2.00	Director	$0	$0	$0
MIKE KOLBOW	Treasurer	2.00	Officer Director	$0	$0	$0
LINDA LIEDEL	Vice President	2.00	Officer Director	$0	$0	$0
ELIZABETH OLIVER	Secretary	2.00	Officer Director	$0	$0	$0
GISVI PARDO	Board Member	2.00	Director	$0	$0	$0
ANN RYAN	Board Member	2.00	Director	$0	$0	$0
SUSAN TAYLO	President	2.00	Officer Director	$0	$0	$0
CAROL WELSCH	Board Member	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
2025	$305,276	$322,378	$91,079	$-17,102
2024	$287,460	$320,612	$81,309	$-33,152
2023	$297,111	$314,329	$114,950	$-17,218
2022	$353,260	$338,642	$124,734	$14,618
2021	$278,524	$240,674	$107,288	$37,850
2021	$293,727	$254,912	$108,972	$38,815
2020	$130,699	$79,485	$63,477	$51,214