CULTURAL OFFICE OF THE PIKES PEAK … - Form 990 Financial Data

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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

2006

Legal Domicile

Principal Officer

ANGELA SEALS

Phone

7196342204

Tax Period

2024-01-01 to 2024-12-31

CULTURAL OFFICE OF THE PIKES PEAK REGION, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $631K in total revenue in fiscal year 2024. Expenses of $572K left a modest 9% surplus.

Mission

WE CHAMPION OUR DIVERSE CREATIVE COMMUNITY AS A VITAL PART OF THE REGION'S IDENTITY AND ECONOMY THROUGH SERVICE, CONNECTION, AND ADVOCACY.

Program Service Accomplishments

Program 1

Expenses: $223,700 Revenue: $55,530

CULTURAL PROMOTION & TOURISM: THE CULTURAL OFFICE INCREASES CULTURAL PARTICIPATION AMONG LOCAL RESIDENTS AND TOURISTS, CONNECTS OUR ARTS COMMUNITY WITH PEERS IN THE TOURISM AND MEDIA INDUSTRIES, AND ULTIMATELY WORKS TO BUILD OUR REGION AS A REGIONAL, NATIONAL AND INTERNATIONAL ARTS DESTINATION. THE CENTERPIECE OF THIS WORK IS PEAKRADAR.COM, THE MOST POWERFUL LOCAL RESOURCE FOR RESIDENTS AND TOURISTS TO EXPLORE ARTS, CULTURE & ENTERTAINMENT, BUY TICKETS, DISCOVER NEARBY ORGANIZATIONS, FIND CREATIVE CLASSES, LEARN ABOUT PUBLIC ART AND MORE.

Program 2

Expenses: $145,400

CREATIVE ECONOMY: THIS PROGRAM VERTICAL IGNITES THE CREATIVE SECTOR BY STRENGTHENING COLLABORATION WITH DIVERSE CHAMBERS OF COMMERCE AND BUSINESS INITIATIVES, DEVELOPING INTERVENTIONS AND PROGRAMS...

CREATIVE ECONOMY: THIS PROGRAM VERTICAL IGNITES THE CREATIVE SECTOR BY STRENGTHENING COLLABORATION WITH DIVERSE CHAMBERS OF COMMERCE AND BUSINESS INITIATIVES, DEVELOPING INTERVENTIONS AND PROGRAMS THAT BUILD CAPACITY FOR THE FIELD, CONDUCTING RESEARCH, AND LEADING THE ARTS MONTH CAMPAIGN EACH OCTOBER.

Program 3

Expenses: $62,076

ARTS EDUCATION: THIS PROGRAM VERTICAL (NEW IN 2023) INCREASES EQUITABLE ACCESS TO ARTS EDUCATION FOR ALL AGES IN OUR COMMUNITY BY INVESTING IN CENTRALIZED COORDINATION, FAR-REACHING TOOLS...

ARTS EDUCATION: THIS PROGRAM VERTICAL (NEW IN 2023) INCREASES EQUITABLE ACCESS TO ARTS EDUCATION FOR ALL AGES IN OUR COMMUNITY BY INVESTING IN CENTRALIZED COORDINATION, FAR-REACHING TOOLS, PROFESSIONAL CONNECTIONS, AND STRATEGIC TRAININGS. FUNCTIONING AS A NERVE CENTER FOR FORMAL AND INFORMAL ARTS EDUCATION TOGETHER, THE CULTURAL OFFICE IS STRENGTHENING THE FABRIC OF HOW ARTS EDUCATION WORKS IN OUR REGION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $549,866

Program Service Revenue $55,530

Investment Income $25,206

Other Revenue $0

TOTAL REVENUE $630,602

Expense Breakdown

Grants Paid $0

Salaries & Benefits $297,575

Fundraising Expenses $8,532

Program Expenses $477,288

Other Expenses $274,077

TOTAL EXPENSES $571,652

Year-over-Year Comparison

	2024	2023	Change
Revenue	$630,602	$648,332	0.0%
Expenses	$571,652	$608,652	-0.1%
Net Income	$58,950	$39,680	+0.5%

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

$84,243

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA SEALS	EXECUTIVE DI	40.00	Officer	$84,243	$0	$84,243
KRITHIKA PRASHANT	CHAIR	5.00	Officer Director	$0	$0	$0
SCOTT LEVY	VICE CHAIR	5.00	Officer Director	$0	$0	$0
RYAN TRUJILLO	TREASURER	5.00	Officer Director	$0	$0	$0
MARI MOXLEY	SECRETARY	5.00	Officer Director	$0	$0	$0
SHANNON DUNN	BOARD MEMBER	1.00	Director	$0	$0	$0
HOLLY FLORES	BOARD MEMBER	1.00	Director	$0	$0	$0
RODNEY GULLATTE	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW HANSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNNE HASTINGS	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER MAIURRO	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHLEEN MURPHY	BOARD MEMBER	1.00	Director	$0	$0	$0
ERICA OAKLEY-COURAGE	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE ROZELL	BOARD MEMBER	1.00	Director	$0	$0	$0
MAX SHULMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
TARA THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
SARA VAAS	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURIE WILSON	BOARD MEMBER	1.00	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
2024	$630,602	$571,652	$619,651	$58,950
2023	$648,332	$608,652	$504,240	$39,680
2022	$690,917	$678,772	$458,124	$12,145
2021	$623,400	$606,646	$491,726	$16,754
2020	$578,811	$488,277	$552,051	$90,534
2019	$517,829	$502,557	$390,214	$15,272
2018	$497,800	$470,923	$279,078	$26,877

CULTURAL OFFICE OF THE PIKES PEAK REGION