MOUNT VERNON ARTS CONSORTIUM INC (EIN 852208856) - 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

2020

Legal Domicile

Phone

7404624278

Tax Period

2024-01-01 to 2024-12-31

MOUNT VERNON ARTS CONSORTIUM INC, founded in 2020, is a small nonprofit that reported $338K in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $476K exceeded revenue, resulting in a 41% operating deficit.

Mission

The Mount Vernon Arts Consoritum, a supporting organization of the Knox County Foundation, is dedicated to amplifying arts and entertainment in Mount Vernon in an effort to strengthen the economy, cultivate meaningful relationships, and provide opportunities for residents and guests to enjoy historic venues through unique cultural experiences.

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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 $217,093

Program Service Revenue $120,463

Investment Income $0

Other Revenue $0

TOTAL REVENUE $337,556

Expense Breakdown

Grants Paid $0

Salaries & Benefits $308,272

Fundraising Expenses $0

Program Expenses $370,905

Other Expenses $167,442

TOTAL EXPENSES $475,714

Year-over-Year Comparison

	2024	2023	Change
Revenue	$337,556	$623,479	-0.5%
Expenses	$475,714	$596,792	-0.2%
Net Income	$-138,158	$26,687	-6.2%

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

$93,740

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Martin Booker	Executive Dir.	40.00	Director	$93,740	$0	$93,740
Jennifer Odenweller	Trustee	5.00	Director	$0	$0	$0
Jason Booth	Chair	5.00	Officer Director	$0	$0	$0
Zac DiMarco	Secretary	5.00	Officer Director	$0	$0	$0
Marc Odenweller	Treasurer	5.00	Officer Director	$0	$0	$0
Laura Hess	Vice-Chair	5.00	Officer 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	$337,556	$475,714	$124,942	$-138,158
2023	$623,479	$596,792	$188,862	$26,687
2022	$564,297	$806,501	$206,227	$-242,204
2021	$676,755	$329,347	$447,112	$347,408

MOUNT VERNON ARTS CONSORTIUM INC