STEAMBOAT ART MUSEUM

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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

2005

Legal Domicile

Principal Officer

BETSE GRASSBY

Phone

9708701755

Tax Period

2023-01-01 to 2023-12-31

STEAMBOAT ART MUSEUM, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $522K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Net assets of $1.7M represent 39 months of operating reserves.

Mission

To promote and present the visual arts to the community of Northwest Colorado reflecting and enhancing our culture and heritage.

Program Service Accomplishments

Program 1

Expenses: $397,720 Revenue: $159,411

Provide exhibits and shows of artwork to the general public.

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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 (2023)

Revenue Breakdown

Contributions & Grants $342,692

Program Service Revenue $204,420

Investment Income $22,216

Other Revenue $-47,298

TOTAL REVENUE $522,030

Expense Breakdown

Grants Paid $0

Salaries & Benefits $309,578

Fundraising Expenses $88,634

Program Expenses $397,720

Other Expenses $227,082

TOTAL EXPENSES $536,660

Year-over-Year Comparison

	2023	2022	Change
Revenue	$522,030	$643,237	-0.2%
Expenses	$536,660	$506,082	+0.1%
Net Income	$-14,630	$137,155	-1.1%

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

$88,720

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETSE GRASSBY	Executive Dir.	40.00	Officer	$88,720	$0	$88,720
ROD HANNA	Director	2.00	Director	$0	$0	$0
MELANIE TIMMONS	Director	2.00	Director	$0	$0	$0
JOHN FAWCETT	Director	2.00	Director	$0	$0	$0
JOEL PIASSICK	Director	2.00	Director	$0	$0	$0
PAM VANATTA	Director	2.00	Director	$0	$0	$0
SARAH LEONARD	Director	2.00	Director	$0	$0	$0
JOHANNAH HALLHILDEBRAND	Secretary	4.00	Officer Director	$0	$0	$0
ERIC WILSON	Director	2.00	Director	$0	$0	$0
KAREN PIASSICK	Director	2.00	Director	$0	$0	$0
CHUCK PORTER	Treasurer	4.00	Officer Director	$0	$0	$0
DEBORAH OLSEN	President	4.00	Officer 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
2024	No data	No data	No data	No data
2023	$522,030	$536,660	$1,728,615	$-14,630
2022	$643,237	$506,082	$1,683,106	$137,155
2021	$625,913	$464,600	$1,599,813	$161,313
2020	$539,330	$424,816	$1,441,974	$114,514
2019	$446,563	$429,923	$1,286,458	$16,640
2018	$692,986	$430,748	$1,268,210	$262,238