HILLIARD ARTS COUNCIL CORPORATION (EIN 900043584) - 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

2002

Legal Domicile

Principal Officer

CASEY MCARTHY

Phone

6143255137

Tax Period

2024-01-01 to 2024-12-31

HILLIARD ARTS COUNCIL CORPORATION, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $224K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $275K exceeded revenue, resulting in a 22% operating deficit.

Mission

THE HILLIARD ARTS COUNCIL SEEKS TO INSPIRE AND EDUCATE OUR ENTIRE COMMUNITY THROUGH THE ARTS.

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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 $81,570

Program Service Revenue $141,793

Investment Income $572

Other Revenue $455

TOTAL REVENUE $224,390

Expense Breakdown

Grants Paid $0

Salaries & Benefits $76,924

Fundraising Expenses $11,878

Program Expenses $146,513

Other Expenses $197,804

TOTAL EXPENSES $274,728

Year-over-Year Comparison

	2024	2023	Change
Revenue	$224,390	$263,243	-0.1%
Expenses	$274,728	$233,753	+0.2%
Net Income	$-50,338	$29,490	-2.7%

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

N/A

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
MATT GARIDO	BOARD MEMBER	5.00	Director	$0	$0	$0
LINDA SHEPPARD	BOARD MEMBER	5.00	Director	$0	$0	$0
MARK SHOLL	BOARD MEMBER	5.00	Director	$0	$0	$0
DJ WILLIAMS	BOARD MEMBER	5.00	Director	$0	$0	$0
KURT ZIELENBACH	BOARD MEMBER	5.00	Director	$0	$0	$0
KEN HAGY	TREASURER	12.00	Officer	$0	$0	$0
AMY MCLANAHAN	SECRETARY	10.00	Officer	$0	$0	$0
BECKY REHBECK	PRESIDENT	10.00	Officer	$0	$0	$0
CYNTHIA VERMILLION	VICE PRESIDE	10.00	Officer	$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	$224,390	$274,728	$102,822	$-50,338
2023	$263,243	$233,753	$151,009	$29,490

HILLIARD ARTS COUNCIL CORPORATION