Friends of the Beverley Taylor Sorenson Arts Learning Program (EIN 270689601) - 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

2009

Legal Domicile

Principal Officer

James Lee Sorenson

Phone

8014901013

Tax Period

2024-01-01 to 2024-12-31

Friends of the Beverley Taylor Sorenson Arts Learning Program, founded in 2009, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $30K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $186K exceeded revenue, resulting in a 510% operating deficit.

Mission

To implement arts education in Utah's elementary schools

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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 $0

Program Service Revenue $0

Investment Income $30,447

Other Revenue $0

TOTAL REVENUE $30,447

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,769

Fundraising Expenses $0

Program Expenses $136,925

Other Expenses $136,885

TOTAL EXPENSES $185,654

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,447	$40,437	-0.2%
Expenses	$185,654	$178,815	+0.0%
Net Income	$-155,207	$-138,378	+0.1%

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
James Lee Sorenson	Director	2.00	Director	$0	$0	$0
Joan Fenton	Director	1.00	Director	$0	$0	$0
Joseph Sorenson	Director	1.00	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
2024	$30,447	$185,654	$1,392,100	$-155,207
2023	$40,437	$178,815	$1,436,180	$-138,378
2022	$102,058	$176,869	$1,418,954	$-74,811
2021	$168,909	$164,604	$1,890,940	$4,305
2020	$109,613	$182,179	$1,829,793	$-72,566
2018	$60,977	$171,084	$1,687,111	$-110,107

Friends of the Beverley Taylor Sorenson Arts Learning Program