Cypress Creek Fine Art Association

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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

2003

Legal Domicile

Principal Officer

Phil Graiff

Phone

2813766322

Tax Period

2025-01-01 to 2025-12-31

Cypress Creek Fine Art Association, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $646K in total revenue in fiscal year 2025. Expenses of $847K exceeded revenue, resulting in a 31% operating deficit.

Mission

To engage in cultural, educational, and social programming of fine arts for the benefit of the community.

Program Service Accomplishments

Program 1

Expenses: $447,331 Revenue: $59,803

Museum operations, exhibits, speaker programs, etc. bring the arts to the community

Program 2

Expenses: $77,682 Revenue: $4,050

Exhibitions include family days, educational events, and art contests that provide opportunities for the local community to attend fine art presentations, classes, and view current exhibitions

Program 3

Expenses: $10,353 Revenue: $35,958

The guild provides support for the museum through volunteer efforts and hosts field trips for its members

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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 (2025)

Revenue Breakdown

Contributions & Grants $420,884

Program Service Revenue $99,811

Investment Income $2,780

Other Revenue $122,601

TOTAL REVENUE $646,076

Expense Breakdown

Grants Paid $0

Salaries & Benefits $319,091

Fundraising Expenses $44,674

Program Expenses $535,366

Other Expenses $527,799

TOTAL EXPENSES $846,890

Year-over-Year Comparison

	2025	2024	Change
Revenue	$646,076	$636,907	+0.0%
Expenses	$846,890	$719,647	+0.2%
Net Income	$-200,814	$-82,740	+1.4%

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

170

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

$121,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nicole Deguzman	Museum Director	40.00	Director	$121,200	$0	$121,200
Tom Kikis	Director	0.00	Director	$0	$0	$0
Frances Stetson	Director	0.00	Director	$0	$0	$0
Bill Devlin	Director	0.00	Director	$0	$0	$0
Keith Barber	Director	0.00	Director	$0	$0	$0
Laura Barth	Director	0.00	Director	$0	$0	$0
Christine Riddle-Butts	Director	0.00	Director	$0	$0	$0
Dr James Cain	Director	0.00	Director	$0	$0	$0
Patti Hatcher	Director	0.00	Director	$0	$0	$0
Dr Matthew Dempsey	Director	0.00	Director	$0	$0	$0
Art Elder	Director	0.00	Director	$0	$0	$0
Keri Porter	Director	0.00	Director	$0	$0	$0
Judge Lincoln Goodwin	Director	0.00	Director	$0	$0	$0
Phil Graiff	Chairman	0.00	Director	$0	$0	$0
David Elkins	Treasurer	0.00	Director	$0	$0	$0
Sue Ann Lurcott	Director	0.00	Director	$0	$0	$0
Dana Kervin	Director	0.00	Director	$0	$0	$0
Valerie Lang	Director	0.00	Director	$0	$0	$0
Phil Martin	Director	0.00	Director	$0	$0	$0
Dr Jenny McGown	Director	0.00	Director	$0	$0	$0
Barbara Schlattman	Secretary	0.00	Director	$0	$0	$0
Kathy Wortham	Director	0.00	Director	$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
2025	$646,076	$846,890	$1,489,985	$-200,814
2024	$636,907	$719,647	$1,771,335	$-82,740
2023	$733,555	$638,721	$1,760,264	$94,834
2022	$603,492	$576,025	$1,648,436	$27,467
2021	$699,913	$564,114	$1,681,326	$135,799
2020	$596,701	$615,583	$1,585,890	$-18,882
2019	$696,029	$778,574	$1,530,514	$-82,545
2018	$840,897	$734,829	$1,673,795	$106,068