Northwest Area Arts Council Inc

Nonprofit profile at a glance

EIN
363770386
IRS 990-EZ coverage
2011–2021
Forms available
Form 990-EZ 2021
Location
Crystal Lake, IL, USA
Phone
8153829993
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$19,446
Expenses
$21,226
Assets
$3,975
Liabilities
$15,503

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • John Heng (President)

People named in this filing

  • John Heng (President)
  • Beverly Ganschow (Secretary)
  • Peter Lewis (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Connecting artists with the community while fostering creativity amoung artists.

What it reported doing in 2021

Organization provides opportunities for artists to show and sell their original works, is proud to conduct several nationally juried art shows, connects artists of all ages with the community at large and fostering

Operating model

Revenue model
Earned-program. 69% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 81% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 82
  • Sustainability: 24
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.3%; rating input score 84
  • Program expense ratio: 77.2%; rating input score 77

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -9.2%; rating input score 28; 28th percentile among comparable filings
  • Total-asset coverage ratio: 0.19; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: 3.9; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 5.3% per year; rating input score 100; 71st percentile among comparable filings
  • Revenue growth: 1.6% per year; rating input score 100; 67th percentile among comparable filings
  • Asset growth: -13% per year; rating input score 0; 13th percentile among comparable filings

Details

  • Where the money goes: 84.3% of revenue deployed · 77.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $16K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 10 filing years from 2011 to 2021
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 28/100.
  • High — Sustainability: Total-asset coverage ratio scored 13/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.