Kimball Art Center (EIN 870321132) - 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

1976

Legal Domicile

Principal Officer

Arthur Milliken

Phone

4356498882

Tax Period

2024-01-01 to 2024-12-31

Kimball Art Center, founded in 1976, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $2.5M exceeded revenue, resulting in a 14% operating deficit.

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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 $1,363,823

Program Service Revenue $945,397

Investment Income $155,350

Other Revenue $-320,252

TOTAL REVENUE $2,144,318

Expense Breakdown

Grants Paid $24,225

Salaries & Benefits $1,162,452

Fundraising Expenses $254,515

Program Expenses $1,943,121

Other Expenses $1,267,276

TOTAL EXPENSES $2,453,953

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,144,318	$2,357,170	-0.1%
Expenses	$2,453,953	$2,404,407	+0.0%
Net Income	$-309,635	$-47,237	+5.6%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

378

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

$133,478

Total Directors

$133,478

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Arthur Milliken	Executive Director	40.0	Officer Director	$133,478	$0	$133,478
Lisa Shine	Board Member	3.0	Director	$0	$0	$0
Annie Tucker	Board Chair	3.0	Officer Director	$0	$0	$0
Mary Ellen Gallahue	Board Secretary	3.0	Officer Director	$0	$0	$0
Roberta Greenfield	Board Member	3.0	Director	$0	$0	$0
Carol Hodgmean	Board Member	3.0	Director	$0	$0	$0
Cheri Beck	Board Member	3.0	Director	$0	$0	$0
Farran Tozer Brown	Board Member	3.0	Director	$0	$0	$0
Karen Terzian	Board Member	3.0	Director	$0	$0	$0
Stefani Kimche	Board Member	3.0	Director	$0	$0	$0
Richard Sheinberg	Board Member	3.0	Director	$0	$0	$0
Liesel Stevens	Board Member	3.0	Director	$0	$0	$0
Carrie Dennis	Board Member	3.0	Director	$0	$0	$0
Heather Peteroy	Vice Chair	3.0	Officer Director	$0	$0	$0
Mary Bourke	Board Member	3.0	Director	$0	$0	$0
Chad Dilley	Treasurer	3.0	Officer Director	$0	$0	$0
Ellen Frank	Board Member	3.0	Director	$0	$0	$0
Dana Gers	Board Member	3.0	Director	$0	$0	$0
Paul Aronzon	Board Member	3.0	Director	$0	$0	$0
Adam Himoff	Board Member	3.0	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	$2,144,318	$2,453,953	$7,935,960	$-309,635
2023	$2,357,170	$2,404,407	$8,005,416	$-47,237
2022	$2,443,531	$2,094,579	$7,603,266	$348,952
2021	$2,347,977	$1,891,815	$7,426,546	$456,162
2020	$953,709	$1,078,241	$6,897,391	$-124,532
2019	$1,935,554	$1,962,860	$6,528,932	$-27,306
2018	$1,790,042	$1,942,296	$6,227,371	$-152,254

Kimball Art Center