Mendocino Arts Center Inc (EIN 946050398) - 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

1959

Legal Domicile

Principal Officer

David Bell

Phone

7079375818

Tax Period

2024-01-01 to 2024-12-31

Mendocino Arts Center Inc, founded in 1959, is a small nonprofit in the Arts, Culture & Humanities sector that reported $579K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

MENDOCINO ART CENTER IS AN EDUCATIONAL INSTITUTION THAT FOSTERS ENGAGEMENT, EXPLORATION AND EXCELLENCE IN 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 $293,017

Program Service Revenue $116,206

Investment Income $8,551

Other Revenue $161,234

TOTAL REVENUE $579,008

Expense Breakdown

Grants Paid $0

Salaries & Benefits $243,995

Fundraising Expenses $63,882

Program Expenses $332,078

Other Expenses $318,376

TOTAL EXPENSES $562,371

Year-over-Year Comparison

	2024	2023	Change
Revenue	$579,008	$521,756	+0.1%
Expenses	$562,371	$682,886	-0.2%
Net Income	$16,637	$-161,130	-1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Todd Cole	Board member	10.00	Director	$0	$0	$0
Lavender Kent	Board member	2.00	Director	$0	$0	$0
Daris Jasper	Board member	2.00	Director	$0	$0	$0
Jordan Bourdreau	Board member	2.00	Director	$0	$0	$0
Phyllis Binder	Board member	2.00	Director	$0	$0	$0
Lucia Zacha	Board member	2.00	Director	$0	$0	$0
Debra Lennox	Board member	2.00	Director	$0	$0	$0
David Bell	Executive Director	40.00	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	$579,008	$562,371	$905,353	$16,637
2023	$521,756	$682,886	$956,447	$-161,130
2022	$698,304	$884,131	$1,130,972	$-185,827
2021	$822,817	$803,776	$1,166,158	$19,041
2020	$1,364,653	$815,397	$1,148,775	$549,256
2019	$997,196	$1,058,729	$638,871	$-61,533
2018	$1,005,189	$1,039,846	$697,268	$-34,657

Mendocino Arts Center Inc