INTERLOCHEN ARTS GROUP

EIN: 932002543 501(c)(3) Education

INTERLOCHEN, MI

Total Revenue
$61,389,743
Total Expenses
$68,335,984
Total Assets
$11,139,461
Net Assets
$-1,389,916
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
MI
Principal Officer
PATRICK M KESSEL
Phone
2312767200
Tax Period
2024-06-01 to 2025-05-31

INTERLOCHEN ARTS GROUP, founded in 2023, is a mid-sized nonprofit in the Education sector that reported $61.4M in total revenue in fiscal year 2024. Expenses of $68.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO ADVANCE ART, MUSIC, DRAMATIC, AND GENERAL EDUCATION OF YOUTH AND ADULTS BY OFFERING PROGRAMMING AND INSTRUCTION IN ARTISTIC FIELDS SUCH AS THEATRE, INTERDISCIPLINARY ARTS, MUSIC, DANCE, CREATIVE WRITING, VISUAL ARTS, BROADCASTING, FILM, AND NEW MEDIA

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,153,588
Program Service Revenue $48,333,281
Investment Income $122,450
Other Revenue $3,780,424
TOTAL REVENUE $61,389,743

Expense Breakdown

Grants Paid $18,042,428
Salaries & Benefits $35,560,392
Fundraising Expenses $0
Program Expenses $60,036,426
Other Expenses $14,733,164
TOTAL EXPENSES $68,335,984

Year-over-Year Comparison

2024 2023 Change
Revenue $61,389,743 $57,535,420 +0.1%
Expenses $68,335,984 $63,619,398 +0.1%
Net Income $-6,946,241 $-6,083,978 +0.1%
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

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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
3
Independent Members
N/A
Employees
585
Volunteers
655

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
$1,277,901
Total Directors
3
$1,645,368
Key Employees
1
$377,474
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARTHUR DEVEY PRESIDENT 1.50
Officer Director
$0 $135,147 $755,659
JOHN BOGLEY TRUSTEE 1.50
Director
$0 $52,000 $493,692
MICHAEL KING V-P, ENROLLMENT MGT. AND MARKETING 50.00
Director
$313,905 $82,112 $396,017
PATRICK KESSEL TREASURER 1.50
Officer
$0 $60,958 $458,685
LISA SHEPPLEY CORPORATE SECRETARY 50.00
Officer
$58,554 $5,003 $63,557
CAMILLE COLATOSTI PROVOST 50.00
Key Emp
$334,385 $43,089 $377,474
TIFINI MCCLYDE-BLYTHE ASSISTANT V-P, HUMAN RESOURCES 50.00
Highest
$228,493 $111,297 $339,790
CARIN NUERNBERG EXEC. DIRECTOR, INTERLOCHEN ONLINE 50.00
Highest
$279,467 $71,122 $350,589
DANIEL BESSELSEN ASSISTANT VICE-PRES., FINANCE 50.00
Highest
$177,950 $54,045 $231,995
ERIC STOMBERG DIRECTOR OF MUSIC 50.00
Highest
$175,803 $31,432 $207,235
RACHAEL DENISON ASSISTANT VICE-PRES., ADMISSIONS 50.00
Highest
$162,353 $31,335 $193,688
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 $61,389,743 $68,335,984 $11,139,461 $-6,946,241
2024 $57,535,420 $63,619,398 $8,952,136 $-6,083,978
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