KIRKLAND ARTS CENTER (EIN 916059395) - 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

1964

Legal Domicile

Principal Officer

David Lynx

Phone

4258227161

Tax Period

2022-07-01 to 2023-06-30

KIRKLAND ARTS CENTER, founded in 1964, is a small nonprofit in the Arts, Culture & Humanities sector that reported $989K in total revenue in fiscal year 2022. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.2M exceeded revenue, resulting in a 20% operating deficit.

Mission

The organization promotes artistic expression and community participation in the visual arts through innovative educational programming, contemporary exhibitions, and dynamic events while providing stewardship of the historic Peter Kirk building.

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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 (2022)

Revenue Breakdown

Contributions & Grants $450,457

Program Service Revenue $536,285

Investment Income $225

Other Revenue $2,500

TOTAL REVENUE $989,467

Expense Breakdown

Grants Paid $0

Salaries & Benefits $530,932

Fundraising Expenses $210,302

Program Expenses $727,469

Other Expenses $652,792

TOTAL EXPENSES $1,183,724

Year-over-Year Comparison

	2022	2021	Change
Revenue	$989,467	$897,822	+0.1%
Expenses	$1,183,724	$925,418	+0.3%
Net Income	$-194,257	$-27,596	+6.0%

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

$5,276

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOLLY KOELLING	VICE PRESIDENT	10	Director	$5,276	$0	$5,276
MARTHA CHAUDHRY	TRUSTEE	4	Director	$0	$0	$0
CHRIS LYE	PRESIDENT	15	Director	$0	$0	$0
WILL MCDERMOTT	SECRETARY	6	Director	$0	$0	$0
GRACE MACARTHUR	TRUSTEE	4	Director	$0	$0	$0
TRACY MACLEAN	TRUSTEE	4	Director	$0	$0	$0
NEETA MOONKA	TREASURER	6	Director	$0	$0	$0
BEATRIZ SORIANO	TRUSTEE	4	Director	$0	$0	$0
JAIME SOULE	TRUSTEE	6	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$989,467	$1,183,724	$541,492	$-194,257
2022	$897,822	$925,418	$638,414	$-27,596
2021	$769,023	$695,864	$771,531	$73,159
2020	$900,945	$907,273	$500,277	$-6,328
2018	$911,008	$861,104	$518,442	$49,904

KIRKLAND ARTS CENTER