The Old Gallery

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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

2008

Legal Domicile

Principal Officer

Jennifer Kawata

Phone

3037472906

Tax Period

2024-01-01 to 2024-12-31

The Old Gallery, founded in 2008, is a small nonprofit in the Recreation & Sports sector that reported $265K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $314K exceeded revenue, resulting in a 19% operating deficit.

Mission

The mission of The Old Gallery is to provide resources and opportunities to enrich lives in our mountain community. We achieve our mission through a diversity of programs including: an art gallery a food bank a clothes closet and a center for community that hosts a spectrum of events from orchestral concerts to holiday celebrations to potluck get-togethers.

Program Service Accomplishments

Program 1

Expenses: $72,336 Revenue: $105,461

We are a cooperative art gallery serving ~30 local artists who live in the greater peak to peak neighborhood. Artists give in-house demonstrations of their techniques and give instruction on their...

We are a cooperative art gallery serving ~30 local artists who live in the greater peak to peak neighborhood. Artists give in-house demonstrations of their techniques and give instruction on their creative processes to inform and educate gallery visitors.

Program 2

Expenses: $14,374 Revenue: $70

The Old Gallery has been home to the Community Cupboard food bank since 2014. Our Community Cupboard Food Bank provides a vital service to members of the greater Allenspark community and well beyond. In 2024 our Community Cupboard provided nearly than 19,000 pounds of free food to Allenspark area families in need. The average number of families served at each distribution in 2024 was 24.6. 16 volunteers staff the distributions committing a combined total of approximately 100 hours each month in support of this life sustaining program.

Program 3

Expenses: $5,510 Revenue: $4,393

The Old Gallery hosts a multitude of performances by a variety of entertainers from budding music students and community performers to well-known bluegrass musicians and an internationally-renowned orchestral quartet. Many of the performers are local to Colorado and The Old Gallery offers them a unique opportunity to play to community music enthusiasts in an intimate mountain setting.

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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 $129,459

Program Service Revenue $124,600

Investment Income $1,563

Other Revenue $8,920

TOTAL REVENUE $264,542

Expense Breakdown

Grants Paid $300

Salaries & Benefits $118,182

Fundraising Expenses $117

Program Expenses $105,081

Other Expenses $195,988

TOTAL EXPENSES $314,470

Year-over-Year Comparison

	2024	2023	Change
Revenue	$264,542	$280,165	-0.1%
Expenses	$314,470	$292,832	+0.1%
Net Income	$-49,928	$-12,667	+2.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rusty Haynes	Board of Directors Member	2.00	Director	$0	$0	$0
Ellis Copeland	Board of Directors Member	2.00	Director	$0	$0	$0
Michael Abraham	Board of Directors Member	2.00	Director	$0	$0	$0
Kathleen Eastland	Board of Directors Member	4.00	Director	$0	$0	$0
Xan Fischer	Board of Directors Secretary	2.00	Officer Director	$0	$0	$0
Kimberly Kittle	Board of Directors Treasurer	5.00	Officer Director	$0	$0	$0
Jennifer Kawata	Board of Directors Chair	7.00	Officer 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	$264,542	$314,470	$1,417,643	$-49,928
2023	$280,165	$292,832	$1,470,500	$-12,667
2022	$218,353	$301,746	$1,491,059	$-83,393
2021	$254,818	$257,872	$1,580,093	$-3,054
2020	$238,078	$235,658	$1,596,587	$2,420