HUMBOLDT ARTS COUNCIL 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

1966

Legal Domicile

Principal Officer

PEGGY IRVINE

Phone

7074420278

Tax Period

2023-07-01 to 2024-06-30

HUMBOLDT ARTS COUNCIL INC, founded in 1966, is a small nonprofit in the Arts, Culture & Humanities sector that reported $316K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $377K exceeded revenue, resulting in a 19% operating deficit.

Mission

THE HUMBOLDT ARTS COUNCIL IS DEDICATED TO PROVIDING LEADERSHIP IN SUPPORT OF THE RICH HERITAGE OF NORTH COAST ARTS AND TO BRINGING THIS LEGACY FULLY INTO COMMUNITY LIFE.

Program Service Accomplishments

Program 1

Expenses: $255,025 Revenue: $70,057

ARTS EXHIBITIONS INCLUDING PROFESSIONAL GALLERY SHOWS OF EMERGING AND LOCAL ARTISTS, TRAVELING EXHIBITIONS, AND ANNUAL COMPETITIONS. OUTREACH TO THE PUBLIC THROUGH FIRST SATURDAY NIGHT ARTS ALIVE...

ARTS EXHIBITIONS INCLUDING PROFESSIONAL GALLERY SHOWS OF EMERGING AND LOCAL ARTISTS, TRAVELING EXHIBITIONS, AND ANNUAL COMPETITIONS. OUTREACH TO THE PUBLIC THROUGH FIRST SATURDAY NIGHT ARTS ALIVE PROGRAM SERVING 12,000 ANNUALLY.

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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 $195,178

Program Service Revenue $19,015

Investment Income $50,858

Other Revenue $51,042

TOTAL REVENUE $316,093

Expense Breakdown

Grants Paid $23,470

Salaries & Benefits $142,754

Fundraising Expenses $0

Program Expenses $255,025

Other Expenses $211,043

TOTAL EXPENSES $377,267

Year-over-Year Comparison

	2023	2022	Change
Revenue	$316,093	$390,374	-0.2%
Expenses	$377,267	$346,749	+0.1%
Net Income	$-61,174	$43,625	-2.4%

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

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

$71,267

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GALE BECKER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
ELISEO CASIANO	BOARD MEMBER	5.00	Director	$0	$0	$0
JAMES LOWRY	BOARD MEMBER - TREASURER	5.00	Officer Director	$0	$0	$0
LUCY QUINBY	BOARD MEMBER	5.00	Director	$0	$0	$0
PEGGY IRVINE	PRESIDENT	5.00	Officer Director	$0	$0	$0
CHARLES MACQUARRIE	BOARD MEMBER	5.00	Director	$0	$0	$0
KAY HARDEN	BOARD MEMBER	5.00	Director	$0	$0	$0
CHRISTI CARTER	BOARD MEMBER	5.00	Director	$0	$0	$0
NICOLE JEAN HILL	SECRETARY	5.00	Director	$0	$0	$0
JOSE QUEZADA	BOARD MEMBER	5.00	Director	$0	$0	$0
COURTNEY RAMOS	BOARD MEMBER	5.00	Director	$0	$0	$0
DAVID HOLPER	BOARD MEMBER	5.00	Director	$0	$0	$0
JEMIMA HARR RUSSO	EXECUTIVE DIRECTOR	40.00	Officer	$71,267	$0	$71,267

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	No data	No data	No data	No data
2024	$316,093	$377,267	$3,500,722	$-61,174
2023	$390,374	$346,749	$3,461,994	$43,625
2022	$294,339	$314,709	$3,368,193	$-20,370
2021	$214,195	$264,833	$3,579,446	$-50,638
2020	$229,262	$298,439	$3,446,559	$-69,177
2019	$243,029	$345,513	$3,565,338	$-102,484