Thunder Bay Arts Council Inc
Alpena, Michigan
B+Health Score
74B+
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Good
💰
$112K
Total Revenue
📊
$83K
Total Expenses
🏦
$142K
Net Assets
📋
$1K
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
-17.0%
Year-over-year change (2022 → 2023)
Net Margin
+25.5%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.71
Net assets divided by total expenses
Liabilities-to-Assets
0.9%
Total liabilities as % of total assets
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $111,525↓17% | $83,048↓28% | $143,606↑56% | |
| 2022 | $134,405↑53% | $115,291↑77% | $92,316↑26% | — |
| 2021 | $87,973↑27% | $65,102↓12% | $72,994↑66% | — |
| 2020 | $69,050↓33% | $74,331↓20% | $44,004↓13% | — |
| 2019 | $102,915↑13% | $92,845↓17% | $50,354↑29% | — |
| 2018 | $91,376↓5% | $111,921↑27% | $38,959↓61% | — |
| 2017 | $96,590↑31% | $88,132↑20% | $100,000↑62% | — |
| 2016 | $73,729↑16% | $73,706↑12% | $61,804 | — |
| 2015 | $63,750↑14% | $65,662↑34% | $61,781↓3% | — |
| 2014 | $55,825↑5% | $49,081↑3% | $63,693↑12% | — |
| 2013 | $53,186↓2% | $47,635↓4% | $56,949↑11% | — |
| 2012 | $54,021↑24% | $49,574↑25% | $51,398↑9% | — |
| 2011 | $43,651 | $39,775 | $46,951 | — |
Frequently Asked Questions
What does Thunder Bay Arts Council Inc do?▼
Thunder Bay Arts Council Inc is a arts, culture & humanities nonprofit organization based in Michigan. It is classified under NTEE code A26Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Thunder Bay Arts Council Inc financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for Thunder Bay Arts Council Inc.
How much revenue does Thunder Bay Arts Council Inc generate?▼
Thunder Bay Arts Council Inc reports $128K in annual revenue and holds $138K in total assets, based on IRS filings.
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