SOUTHERN KENTUCKY PERFORMING ARTS … - Form 990 Financial Data

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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

2010

Legal Domicile

Principal Officer

ELIZABETH SIGLER

Phone

2703930080

Tax Period

2021-07-01 to 2022-06-30

SOUTHERN KENTUCKY PERFORMING ARTS FOUNDATION INC, founded in 2010, is a micro nonprofit that reported $68K in total revenue in fiscal year 2021. Revenue fell 97% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $53K, a strong 78% operating margin.

Mission

TO SUPPORT THE SOUTHERN KENTUCKY PERFORMING ARTS CENTER, INC. ("SKYPAC") THROUGH FUNDRAISING AND OTHER ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $11,601 Revenue: $297

THE FOUNDATION SERVES AS THE SOLE AND EXCLUSIVE AGENT OF SKYPAC IN MANAGING AND OPERATING THE PERFORMANCE CENTER, PROVIDING CULTURAL ENRICHMENT, ENTERTAINMENT, AND EDUCATIONAL EVENTS FOR THE...

THE FOUNDATION SERVES AS THE SOLE AND EXCLUSIVE AGENT OF SKYPAC IN MANAGING AND OPERATING THE PERFORMANCE CENTER, PROVIDING CULTURAL ENRICHMENT, ENTERTAINMENT, AND EDUCATIONAL EVENTS FOR THE COMMUNITY.

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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 (2021)

Revenue Breakdown

Contributions & Grants $68,131

Program Service Revenue $297

Investment Income $0

Other Revenue $0

TOTAL REVENUE $68,428

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66

Fundraising Expenses $0

Program Expenses $11,601

Other Expenses $15,283

TOTAL EXPENSES $15,349

Year-over-Year Comparison

	2021	2020	Change
Revenue	$68,428	$2,408,936	-1.0%
Expenses	$15,349	$633,523	-1.0%
Net Income	$53,079	$1,775,413	-1.0%

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

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
ELIZABETH SIGLER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SANDY JONES BOUSSARD	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
KAYLA BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
GERRI COMBS	DIRECTOR	1.00	Director	$0	$0	$0
AMY MILLIKEN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN PAGE MINTON	DIRECTOR	1.00	Director	$0	$0	$0
GARY RANSDALL	DIRECTOR	1.00	Director	$0	$0	$0
GARY BROADY	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON MEFFORD	DIRECTOR	1.00	Director	$0	$0	$0
DR PIPPA PINCKLEY-STEWART	DIRECTOR	1.00	Director	$0	$0	$0
TOMMY ROSS	TREASURER	1.00	Officer Director	$0	$0	$0
JULIE WEDGE	DIRECTOR	1.00	Director	$0	$0	$0
KIRBY RAMSEY	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA CARVER	DIRECTOR	1.00	Director	$0	$0	$0
TOM HARNED	DIRECTOR	1.00	Director	$0	$0	$0
DEBBIE THORNTON	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
2022	$68,428	$15,349	No data	$53,079
2021	$2,408,936	$633,523	$20,204	$1,775,413
2020	$1,971,571	$2,657,515	$547,181	$-685,944
2019	$2,613,361	$2,887,993	$878,804	$-274,632
2018	$2,844,343	$2,846,354	$1,164,373	$-2,011

SOUTHERN KENTUCKY PERFORMING ARTS FOUNDATION INC