Ludington Area Arts Council
Ludington, Michigan
BHealth Score
61B
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Above Average
💰
$347K
Total Revenue
📊
$384K
Total Expenses
🏦
$751K
Net Assets
📋
$20K
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
+27.3%
Year-over-year change (2022 → 2023)
Net Margin
-10.5%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.96
Net assets divided by total expenses
Liabilities-to-Assets
2.6%
Total liabilities as % of total assets
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $347,252↑27% | $383,736↑30% | $770,636↓3% | — |
| 2022 | $272,812↓9% | $294,669↑24% | $793,257↓2% | — |
| 2021 | $298,550↑20% | $238,153↑31% | $813,364↑8% | — |
| 2020 | $248,232↑26% | $181,704 | $754,848↓7% | — |
| 2019 | $196,361 | $182,232↑19% | $809,033↓6% | — |
| 2018 | $197,309↓12% | $153,087↑64% | $857,019↑21% | — |
| 2017 | $223,982↑124% | $93,519↓7% | $709,114↑4% | — |
| 2016 | $99,846↓45% | $100,970↓35% | $681,014↑3% | — |
| 2016 | $181,999↓32% | $155,364↓22% | $662,107↑2% | — |
| 2015 | $266,799↑64% | $198,845↑18% | $650,289↑3% | — |
| 2014 | $162,209↓2% | $168,818↓4% | $631,008↑10% | — |
| 2013 | $166,014↑37% | $174,975↑17% | $573,542↓2% | — |
| 2012 | $121,305 | $149,180 | $583,174 | — |
Frequently Asked Questions
What does Ludington Area Arts Council do?▼
Ludington Area Arts Council is a arts, culture & humanities nonprofit organization based in Michigan. It is classified under NTEE code A20 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Ludington Area Arts Council financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for Ludington Area Arts Council.
How much revenue does Ludington Area Arts Council generate?▼
Ludington Area Arts Council reports $381K in annual revenue and holds $756K in total assets, based on IRS filings.
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