DURANGO ARTS CENTER INC (EIN 237191511) - Form 990 Financial Analysis & Trantor Score

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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

Beth Warren

Phone

9702592606

Tax Period

2024-01-01 to 2024-12-31

DURANGO ARTS CENTER INC, founded in 1966, is a small nonprofit in the Arts, Culture & Humanities sector that reported $812K in total revenue in fiscal year 2024.

Mission

The Durango Arts Center ("DAC") enriches the community through innovative visual and performing art, and arts education. DAC advances appreciation and participation in the arts as a cultural leader in the 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 $779,479

Program Service Revenue $0

Investment Income $4,730

Other Revenue $28,066

TOTAL REVENUE $812,275

Expense Breakdown

Grants Paid $0

Salaries & Benefits $429,945

Fundraising Expenses $67,889

Program Expenses $572,932

Other Expenses $413,241

TOTAL EXPENSES $847,736

Year-over-Year Comparison

	2024	2023	Change
Revenue	$812,275	$770,216	+0.1%
Expenses	$847,736	$856,560	0.0%
Net Income	$-35,461	$-86,344	-0.6%

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

200

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

$61,791

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jason Lythgoe	Executive Director	40	Director	$61,791	$0	$61,791
Thomas Donley	Treasurer	2	Director	$0	$0	$0
Jeff Graves	Director	2	Director	$0	$0	$0
Cornelius Hurley	Vice Board President	2	Director	$0	$0	$0
Mike Scieszka	Board President	2	Director	$0	$0	$0
Hal Lott	Director	2	Director	$0	$0	$0
Rachel Lasiewicz	Board	2	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	$812,275	$847,736	$765,118	$-35,461
2023	$770,216	$856,560	$650,666	$-86,344
2022	$661,696	$782,390	$794,642	$-120,694
2021	$818,859	$612,349	$960,283	$206,510
2020	$437,056	$452,671	$680,368	$-15,615
2019	$557,852	$623,750	$586,568	$-65,898
2018	$633,710	$702,809	$631,661	$-69,099

DURANGO ARTS CENTER INC