GREAT FALLS FOUNDATION FOR THE ARTS INC (EIN 260521993) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

Richard Kelly

Phone

7037590557

Tax Period

2024-01-01 to 2024-12-31

GREAT FALLS FOUNDATION FOR THE ARTSINC, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $211K in total revenue in fiscal year 2020. Expenses of $201K left a modest 5% surplus.

Mission

To support the arts and enable artists for the betterment of the community with the goal of enhancing Great Falls Virginia as an artful place.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $86,989

Program Service Revenue $268,054

Investment Income $6,163

Other Revenue $32,891

TOTAL REVENUE $394,097

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $31,098

Program Expenses $193,162

Other Expenses $364,267

TOTAL EXPENSES $364,267

Year-over-Year Comparison

	2024	2023	Change
Revenue	$394,097	$386,886	+0.0%
Expenses	$364,267	$357,937	+0.0%
Net Income	$29,830	$28,949	+0.0%

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
Richard Kelly	Chairman	5.00	Officer Director	$0	$0	$0
John McCabe	Secretary	2.00	Officer Director	$0	$0	$0
Kelly Singer	Director	2.00	Director	$0	$0	$0
Thomas Tucker	Director	2.00	Director	$0	$0	$0
Anthony Pappas	Director	2.00	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
2025	No data	No data	No data	No data
2024	$394,097	$364,267	$181,756	$29,830
2023	$294,040	$268,684	$151,926	$25,356
2022	$251,434	$241,051	$126,563	$10,383
2021	$248,240	$230,719	$111,174	$17,521
2020	$210,995	$200,899	$37,248	$10,096

GREAT FALLS FOUNDATION FOR THE ARTS INC