ARTS COUNCIL FOR MONTEREY COUNTY (EIN 942805076) - 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

1982

Legal Domicile

Principal Officer

JACQUELINE M ATCHISON

Phone

8316229060

Tax Period

2023-07-01 to 2024-06-30

ARTS COUNCIL FOR MONTEREY COUNTY, founded in 1982, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $2.3M exceeded revenue, resulting in a 26% operating deficit.

Mission

THE COUNCIL PROMOTES AND SUPPORTS EDUCATION, APPRECIATION AND EXCELLENCE IN THE ARTS IN MONTEREY COUNTY BY FOSTERING CULTURAL AWARENESS AND UNDERSTANDING. IN ADDITION, THE COUNCIL PROVIDES FOR AN ARRAY OF AESTHETIC AND EDUCATIONAL EXPERIENCES FOR ADULTS AND CHILDREN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $927,039

Program Service Revenue $899,116

Investment Income $13,727

Other Revenue $-13,137

TOTAL REVENUE $1,826,745

Expense Breakdown

Grants Paid $493,424

Salaries & Benefits $1,183,281

Fundraising Expenses $147,028

Program Expenses $1,917,834

Other Expenses $633,552

TOTAL EXPENSES $2,310,257

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,826,745	$2,408,508	-0.2%
Expenses	$2,310,257	$1,948,605	+0.2%
Net Income	$-483,512	$459,903	-2.1%

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

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

$168,295

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURIE BEND	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
NATALIE RAVA CPA	TREASURER	1.00	Officer Director	$0	$0	$0
CHRISTOPHER LONG ESQ	SECRETARY	1.00	Officer Director	$0	$0	$0
PETER KASAVAN	DIRECTOR	1.00	Director	$0	$0	$0
ROSEMARY SOTO	DIRECTOR	1.00	Director	$0	$0	$0
SANDIE BORTHWICK	DIRECTOR	1.00	Director	$0	$0	$0
TJ PLEW	DIRECTOR	1.00	Director	$0	$0	$0
KIRAN KAMATH	DIRECTOR	1.00	Director	$0	$0	$0
HUGH SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JACQUELINE M ATCHISON	EXECUTIVE DIRECTOR	40.00	Officer	$165,181	$3,114	$168,295
KARYN LEE	CHIEF PROGRAMS OFFICER	40.00	Highest	$112,500	$4,492	$116,992

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	$1,826,745	$2,310,257	$1,703,643	$-483,512
2023	$2,408,508	$1,948,605	$2,243,263	$459,903
2022	$1,850,985	$1,473,154	$1,257,748	$377,831
2021	$1,203,552	$1,030,389	$968,987	$173,163
2020	$1,357,411	$1,144,387	$757,548	$213,024
2019	$1,340,181	$1,130,644	$510,543	$209,537
2018	$1,011,415	$1,119,112	$336,560	$-107,697

ARTS COUNCIL FOR MONTEREY COUNTY