LIONS & RABBITS CENTER FOR THE ARTS

EIN: 853158454 501(c)(3) Arts, Culture & Humanities

WYOMING, MI

Total Revenue
$500,162
Total Expenses
$638,039
Total Assets
$169,506
Net Assets
$119,966
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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
MI
Principal Officer
HANNAH BERRY
Phone
6165707033
Tax Period
2023-01-01 to 2023-12-31

LIONS & RABBITS CENTER FOR THE ARTS, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $500K in total revenue in fiscal year 2023. Expenses of $638K exceeded revenue, resulting in a 28% operating deficit.

Mission

CREATE PROSPEROUS OPPORTUNITIES FOR ARTISTS TO ACHIEVE AND SUSTAIN A FULFILING FREELANCER CAREER.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $291,832
Program Service Revenue $215,830
Investment Income $28
Other Revenue $-7,528
TOTAL REVENUE $500,162

Expense Breakdown

Grants Paid $0
Salaries & Benefits $188,576
Fundraising Expenses $67,474
Program Expenses $334,794
Other Expenses $449,463
TOTAL EXPENSES $638,039

Year-over-Year Comparison

2023 2022 Change
Revenue $500,162 $477,095 +0.0%
Expenses $638,039 $515,468 +0.2%
Net Income $-137,877 $-38,373 +2.6%
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

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Governance

Voting Members
8
Independent Members
7
Employees
9
Volunteers
50

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
3
$50,000
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL DURRA SECRETARY 1.00
Officer Director
$0 $0 $0
MEGAN MURRAY FUNDRAISING CHAIR 1.00
Director
$0 $0 $0
KIREL SHAW DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH KLOPP DIRECTOR 1.00
Director
$0 $0 $0
JIMMY KARRIP DIRECTOR 1.00
Director
$0 $0 $0
LINDSAY SPITLER TREASURER 2.00
Officer Director
$0 $0 $0
RYAN BULHUIS DIRECTOR 1.00
Director
$0 $0 $0
HANNAH BERRY PRESIDENT/EXECUTIVE DIRECT 40.00
Officer
$50,000 $0 $50,000
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 $500,162 $638,039 $169,506 $-137,877
2022 $477,095 $515,468 $109,181 $-38,373
2021 $261,860 $126,616 $136,917 $135,244
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