DURANGO ARTS CENTER 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

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.

Program Service Accomplishments

Program 1

Expenses: $408,069 Revenue: $337,550

DAC's Community Theater sold over 6,000 tickets to over two dozen theater shows in 2023 which included mulitple youth cast shows. In 2023, we continued our adult repertory theatre to welcome more...

DAC's Community Theater sold over 6,000 tickets to over two dozen theater shows in 2023 which included mulitple youth cast shows. In 2023, we continued our adult repertory theatre to welcome more adults from the community to explore the theatre arts. The Theater also served as a venue for 16 organizations, businesses and community members through rental events.

Program 2

Expenses: $131,206 Revenue: $107,750

Arts education the organization provides visual arts classes, leadership and creativity programs for middle and high school students (named GOAL and BART, respectively). Over 1,000 individuals...

Arts education the organization provides visual arts classes, leadership and creativity programs for middle and high school students (named GOAL and BART, respectively). Over 1,000 individuals attended over 140 visual and performing arts classes for children and adults. During 2023, over 2,500 people registered and/or purchased tickets to DAC classes and performances.

Program 3

Expenses: $33,657 Revenue: $48,292

DAC coordinates ongoing exhibits in three onsite gallery spaces. To enhance the visual arts experience, DAC coordinates educational opportunities to coincide with exhibits, such as lectures/panel...

DAC coordinates ongoing exhibits in three onsite gallery spaces. To enhance the visual arts experience, DAC coordinates educational opportunities to coincide with exhibits, such as lectures/panel discussions, artist demonstrations, workshops and film screenings. The Gallery held multiple exhibits showcasing the creative talents of dozens of artists from the Four Corners region. The 29th annual Durango Autumn Arts Festival brought over 6,000 shoppers to downtown during this two day street fair, and over 90 artists from across the country participated.

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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