Sculpturewalk Inc

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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

Phone

6053676000

Tax Period

2023-01-01 to 2023-12-31

Sculpturewalk Inc, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $478K in total revenue in fiscal year 2023. The organization ran a surplus of $75K, a strong 16% operating margin.

Mission

The organization's mission is to bring art to the people, and its guiding principle is to be the highest quality, most professional, financially strong, artist-friendly, year-round outdoor sculpture program in the USA.

Program Service Accomplishments

Program 1

Expenses: $274,626 Revenue: $90,250

SculptureWalk is the largest annual exhibit of public sculptures in the world. Sculptures are typically installed in May of each year and are removed in April of the following year to make room for new incoming sculptures. Most sculptures are available for long-term lease or purchase. Satellite programs are (1) Avera McKennan Hospital & University Health Center's ten indoor sculptures, (2) University of Sioux Falls eleven on-campus sculptures, (3) University of South Dakota seven sculptures, (4) City of Vermillion, SD five sculptures, (5) City of Watertown, SD seventeen sculptures, and (6) various other lease locations throughout Sioux Falls, SD. Our sculptures compete for the annual People's Choice Award with the winning sculpture being purchased by the City of Sioux Falls. Approximately 300,000 people experience SculptureWalk annually.

Program 2

Expenses: $7,771

Arc of Dreams is a monumental stainless steel sculpture that spans across the Big Sioux River in the heart of downtown Sioux Falls, SD. The sculpture is nearly a football field's length with a...

Arc of Dreams is a monumental stainless steel sculpture that spans across the Big Sioux River in the heart of downtown Sioux Falls, SD. The sculpture is nearly a football field's length with a 15-foot open gap in the middle hovering 85 feet above the River. The Arc of Dreams represents the leap of faith dreamers take to see their dreams come true. The sculpture was installed in July 2019 and was made possible by the generosity of over 700 donors.

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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 $330,907

Program Service Revenue $90,250

Investment Income $3,764

Other Revenue $53,261

TOTAL REVENUE $478,182

Expense Breakdown

Grants Paid $108,000

Salaries & Benefits $0

Fundraising Expenses $581

Program Expenses $282,397

Other Expenses $294,705

TOTAL EXPENSES $402,705

Year-over-Year Comparison

	2023	2022	Change
Revenue	$478,182	$450,091	+0.1%
Expenses	$402,705	$413,298	0.0%
Net Income	$75,477	$36,793	+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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Beranek	Director	1.00	Director	$0	$0	$0
Nicole Bell	Director	1.00	Director	$0	$0	$0
Carolyn Christensen	Director	1.00	Director	$0	$0	$0
Candi Grossenburg	Director	1.00	Director	$0	$0	$0
Jim Mathis	Director	1.00	Director	$0	$0	$0
Hillary McQuade	Director	1.00	Director	$0	$0	$0
Rae Morlan	Director	1.00	Director	$0	$0	$0
Koni Schiller	Director	1.00	Director	$0	$0	$0
Andrew Eitreim	Vice President	2.00	Officer	$0	$0	$0
Jeanelle Lust	Secretary	2.00	Officer	$0	$0	$0
Joel Sylvester	Treasurer	2.00	Officer	$0	$0	$0
Regan Smith	President	2.00	Officer	$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	$478,182	$402,705	$3,085,279	$75,477
2022	$450,091	$413,298	$2,970,603	$36,793
2021	$385,029	$403,613	$2,909,587	$-18,584
2020	$401,267	$407,405	$3,012,037	$-6,138
2019	$789,553	$413,225	$3,131,365	$376,328
2018	$1,314,633	$366,239	$2,667,818	$948,394