VOLCANO ART CENTER (EIN 990162321) - 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

1975

Legal Domicile

Principal Officer

LYNN K MELENA

Phone

8089678222

Tax Period

2024-10-01 to 2025-09-30

VOLCANO ART CENTER, founded in 1975, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 10% operating deficit.

Mission

THE VOLCANO ART CENTER'S (VAC) MISSION IS TO PROMOTE, DEVELOP, AND PERPETUATE THE ARTISTIC AND CULTURAL HERITAGE OF HAWAII'S PEOPLE AND ENVIRONMENT THROUGH ACTIVITIES IN THE VISUAL, LITERAL, AND PERFORMANCE ARTS. THE VAC SEEKS TO SHARE THE MISSION WITH A BROAD RANGE OF INDIVIDUALS, GROUPS, AND COMMUNITIES WHO SHARE COMMON INTERESTS AND GOALS.

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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 $180,409

Program Service Revenue $862,431

Investment Income $656

Other Revenue $-6,388

TOTAL REVENUE $1,037,108

Expense Breakdown

Grants Paid $0

Salaries & Benefits $587,295

Fundraising Expenses $34,459

Program Expenses $932,397

Other Expenses $556,041

TOTAL EXPENSES $1,143,336

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,037,108	$1,097,368	-0.1%
Expenses	$1,143,336	$1,227,991	-0.1%
Net Income	$-106,228	$-130,623	-0.2%

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

$70,702

Total Directors

$8,421

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN K MELENA	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOAN MCDONALD	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
DOUG WILSON	TREASURER	2.00	Officer Director	$0	$0	$0
BARBARA DUNN	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRISTIANE FRIESE	DIRECTOR	2.00	Director	$0	$0	$0
ZACH MERMEL	DIRECTOR	2.00	Director	$1,480	$0	$1,480
DEBORAH OAKLEY-MELVIN	DIRECTOR	2.00	Director	$0	$0	$0
VICKI PENNEY-ROHNER	DIRECTOR	2.00	Director	$1,400	$0	$1,400
JESSE TUNISON	DIRECTOR	2.00	Director	$5,541	$0	$5,541
JANET SIX	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL NELSON	EXECUTIVE DI	40.00	Officer	$70,702	$0	$70,702

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	$1,037,108	$1,143,336	$1,955,132	$-106,228
2024	$1,097,368	$1,227,991	$2,094,128	$-130,623
2023	$1,144,026	$1,105,674	$2,255,462	$38,352
2022	$1,022,554	$970,735	$1,792,715	$51,819
2021	$835,442	$733,399	$1,722,188	$102,043
2020	$569,554	$688,290	$1,663,205	$-118,736
2019	$736,169	$857,825	$1,711,208	$-121,656
2018	$732,048	$782,025	$1,860,285	$-49,977

VOLCANO ART CENTER