KETCHIKAN AREA ARTS & HUMANITIES C… - 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

1970

Legal Domicile

Principal Officer

MARKEL WALLACE

Phone

9072252211

Tax Period

2023-01-01 to 2023-12-31

KETCHIKAN AREA ARTS & HUMANITIES COUNCIL, founded in 1970, is a small nonprofit in the Arts, Culture & Humanities sector that reported $351K in total revenue in fiscal year 2023. Expenses of $321K left a modest 8% surplus.

Mission

TO ENCOURAGE CREATIVE EXPRESSION BY PROVIDING AN OPPORTUNITY AND AVENUE FOR THE ARTS; TO FOSTER EDUCATION & APPRECIATION FOR THE ARTS BY PROMOTING CULTURAL OPPORTUNITIES, PERFORMANCES, INSTRUCTION, & EXHIBITS.

Program Service Accomplishments

Program 1

Expenses: $19,949

PROVIDE ART OPPORTUNITY FOR THEATER, MUSIC, & INSTRUCTION THROUGH FESTIVALS.

Program 2

Expenses: $73,695

PROVIDE ART OPPORTUNITY FOR THEATER, MUSIC, & INSTRUCTION THROUGH PERFORMANCES AND GALLERY SHOWS.

Program 3

Expenses: $11,033

THE KETCHIKAN AREA ARTS AND HUMANITIES COUNCIL IS THE FISCAL SPONSOR FOR 5 SMALL ARTS GROUPS IN KETCHIKAN. AS FISCAL SPONSOR KAAHC IS THE 501C3 UMBRELLA ORGANIZATION FOR THESE GROUPS, PROVIDING...

THE KETCHIKAN AREA ARTS AND HUMANITIES COUNCIL IS THE FISCAL SPONSOR FOR 5 SMALL ARTS GROUPS IN KETCHIKAN. AS FISCAL SPONSOR KAAHC IS THE 501C3 UMBRELLA ORGANIZATION FOR THESE GROUPS, PROVIDING INSURANCE, FISCAL OVER SITE, AND ADMINISTRATIVE SUPPORT. PROVIDING FISCAL SPONSORSHIP ALLOWS THE GROUPS TO CREATE THEIR PROGRAMMING WHILE KAAHC ABSORBS THE MORE LABOR INTENSIVE ADMINISTRATIVE ASPECTS OF A NON PROFIT.

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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 $159,554

Program Service Revenue $179,028

Investment Income $3,832

Other Revenue $8,378

TOTAL REVENUE $350,792

Expense Breakdown

Grants Paid $0

Salaries & Benefits $131,049

Fundraising Expenses $0

Program Expenses $118,841

Other Expenses $190,131

TOTAL EXPENSES $321,180

Year-over-Year Comparison

	2023	2022	Change
Revenue	$350,792	$333,928	+0.1%
Expenses	$321,180	$338,079	0.0%
Net Income	$29,612	$-4,151	-8.1%

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

N/A

Employees

Volunteers

N/A

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
IRENE DUNDAS	MEMBER AT LA	N/A	Director	$0	$0	$0
VICTORIA LORD	MEMBER AT LA	N/A	Director	$0	$0	$0
MOLLY PIHL	TREASURER	N/A	Officer	$0	$0	$0
NANCY TIETJE	SECRETARY	N/A	Officer	$0	$0	$0
MARKEL WALLACE	VICE PRESIDE	N/A	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	$350,792	$321,180	$1,055,013	$29,612
2022	$333,928	$338,079	$988,768	$-4,151
2021	$358,773	$327,151	$921,235	$31,622
2020	$362,608	$289,441	$887,735	$73,167
2019	$362,912	$354,285	$821,553	$8,627
2018	$336,488	$336,198	$781,945	$290

KETCHIKAN AREA ARTS & HUMANITIES COUNCIL