Friends of the Chief Foundation Inc (EIN 273209466) - 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

2010

Legal Domicile

Principal Officer

Clark L Davidson

Phone

9708792102

Tax Period

2022-01-01 to 2022-12-31

Friends of the Chief Foundation Inc, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $127K in total revenue in fiscal year 2022. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $211K exceeded revenue, resulting in a 66% operating deficit.

Mission

FRIENDS OF THE CHIEF IS A NONPROFIT, 501(C)(3) CORPORATION COMMITTED TO THE REHABILITATION AND REVITALIZATION OF THE HISTORIC CHIEF THEATER IN DOWNTOWN STEAMBOAT SPRINGS, COLORADO. WE SEEK TO DEVELOP THIS HISTORIC BUILDING INTO A CULTURAL CENTER THAT MEETS THE NEEDS OF A VIBRANT AND ACTIVE ARTS COMMUNITY THROUGH STATE-OF-THE-ART TECHNOLOGY, DIVERSE PROGRAMMING AND EDUCATIONAL OPPORTUNITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $63,911

Program Service Revenue $62,797

Investment Income $18

Other Revenue $0

TOTAL REVENUE $126,726

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,998

Fundraising Expenses $9,515

Program Expenses $180,877

Other Expenses $121,751

TOTAL EXPENSES $210,749

Year-over-Year Comparison

	2022	2021	Change
Revenue	$126,726	$275,989	-0.5%
Expenses	$210,749	$176,838	+0.2%
Net Income	$-84,023	$99,151	-1.8%

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

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

$34,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lisa Popovich	Executive Director	40.00	Officer	$34,500	$0	$34,500
Katy Goodman	President	1.00	Director	$0	$0	$0
Arty Smith	Director	1.00	Director	$0	$0	$0
Ben Speigel	Director	1.00	Director	$0	$0	$0
Clark Davidson	Treasurer	1.00	Director	$0	$0	$0
Christopher Tisch	Director	1.00	Director	$0	$0	$0
Stacy Most	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	$126,726	$210,749	$80,015	$-84,023
2021	$275,989	$176,838	$177,098	$99,151
2020	$231,079	$223,079	$146,676	$8,000
2019	$364,254	$433,844	$127,242	$-69,590
2018	$538,630	$514,453	$195,658	$24,177

Friends of the Chief Foundation Inc