THE HONEYWELL ARTS ACADEMY INC

EIN: 871572016 501(c)(3) Arts, Culture & Humanities

WABASH, IN

Total Revenue
$684,709
Total Expenses
$612,174
Total Assets
$482
Net Assets
$482
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
IN
Phone
2605631102
Tax Period
2023-10-01 to 2024-09-30

THE HONEYWELL ARTS ACADEMY INC, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $685K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $612K left a modest 11% surplus.

Mission

HONEYWELL ARTS ACADEMY ESCALATES THE REACH OF EMERGING ARTISTS THROUGH EMPOWERING OPPORTUNITIES FOR ARTISTIC EXPRESSION.

Program Service Accomplishments

Program 1
Expenses: $494,665 Revenue: $12,599

THE HONEYWELL ARTS ACADEMY ENCOMPASSES AN IMMERSIVE SUMMER INSTITUTE ALONG WITH A YEAR-ROUND FELLOWSHIP PROGRAM. BOTH OPPORTUNITIES ARE TUITION-FREE. FUELED BY THE MISSION TO FOSTER AN INCLUSIVE AND...

Read more

THE HONEYWELL ARTS ACADEMY ENCOMPASSES AN IMMERSIVE SUMMER INSTITUTE ALONG WITH A YEAR-ROUND FELLOWSHIP PROGRAM. BOTH OPPORTUNITIES ARE TUITION-FREE. FUELED BY THE MISSION TO FOSTER AN INCLUSIVE AND SUPPORTIVE ENVIRONMENT WHERE ARTISTIC IDEAS ARE FREE FLOWING, FROM TEACHER TO STUDENT AND VICE VERSA. THE ACADEMY HAS A PHILOSOPHY WE REFER TO AS, THE SHARING OF KNOWLEDGE. THROUGH BOTH THE SUMMER INSTITUTE AND YEAR-ROUND FELLOWSHIP, PARTICIPANTS REACH BEYOND THEIR CRAFT TO LEARN WHAT IT TAKES TO THRIVE ENTREPRENEURIALLY AS WELL AS THE INVALUABLE EFFECT OF SPREADING JOY TO OTHERS AND POSITIVELY IMPACTING THE HUMAN SPIRIT. ALL ACTIVITIES ARE LED BY THE ACADEMY'S ARTISTIC DIRECTOR AND FACULTY MENTORS. SUMMER SCHOLARS AND YEAR-ROUND FELLOWS PARTICIPATE IN SESSIONS WHICH INCLUDE PRIVATE INSTRUCTION FROM FACULTY MENTORS, MASTERCLASS-STYLE PRESENTATIONS, AND COLLABORATIVE SESSIONS WHERE MUSICIANS CAN TRY OUT NEW IDEAS AND INFLUENCES WITH OTHER PROGRESSIVE MUSICIANS. SEVERAL PUBLIC PERFORMANCES ARE FEATURED THROUGHOUT THE YEAR.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $672,065
Program Service Revenue $12,599
Investment Income $45
Other Revenue $0
TOTAL REVENUE $684,709

Expense Breakdown

Grants Paid $0
Salaries & Benefits $107,856
Fundraising Expenses $34,296
Program Expenses $494,665
Other Expenses $504,318
TOTAL EXPENSES $612,174

Year-over-Year Comparison

2023 2022 Change
Revenue $684,709 $571,345 +0.2%
Expenses $612,174 $502,060 +0.2%
Net Income $72,535 $69,285 +0.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
11
Independent Members
10
Employees
N/A
Volunteers
10

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
2
$361,941
Total Directors
11
$361,941
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dave Haist Chair 5.0
Officer Director
$0 $0 $0
Tod Minnich President 6.0
Officer Director
$0 $51,194 $361,941
Carole Haas Gravagno Director 2.0
Director
$0 $0 $0
Jeanne Mirro Director 2.0
Director
$0 $0 $0
Larry Mattera Director 2.0
Director
$0 $0 $0
Marsh Davis Director 2.0
Director
$0 $0 $0
Parker Beauchamp Director 2.0
Director
$0 $0 $0
Sally Krouse Director 2.0
Director
$0 $0 $0
Shiv Sethi Director 2.0
Director
$0 $0 $0
Stanford Thompson Director 2.0
Director
$0 $0 $0
Steve Ford Director 2.0
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 $684,709 $612,174 $482 $72,535
2023 $571,345 $502,060 $649 $69,285
2022 $402,460 $433,627 No data $-31,167
2022 $402,460 $433,627 No data $-31,167
Explore More Nonprofits
→Top 100 Nonprofits in Indiana →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare THE HONEYWELL ARTS ACADEMY INC with other nonprofits in Indiana and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.