HIGHLANDS RANCH CULTURAL AFFAIRS A… - 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

2001

Legal Domicile

Phone

3034718958

Tax Period

2023-01-01 to 2023-12-31

HIGHLANDS RANCH CULTURAL AFFAIRS ASSOCIATION, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $333K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

PROVIDE CULTURAL AND EDUCATIONAL EVENTS FOR THE HIGHLANDS RANCH COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $145,716 Revenue: $99,175

THE CULTURAL AFFAIRS ASSOCIATION HOLDS OTHER VARIOUS COMMUNITY CULTURAL EVENTS THROUGHOUT THE YEAR INCLUDING A CLASSICAL MUSIC SERIES, WINTER CULTURAL PERFORMANCE SERIES, JULY 4TH CELEBRATION, CAR...

THE CULTURAL AFFAIRS ASSOCIATION HOLDS OTHER VARIOUS COMMUNITY CULTURAL EVENTS THROUGHOUT THE YEAR INCLUDING A CLASSICAL MUSIC SERIES, WINTER CULTURAL PERFORMANCE SERIES, JULY 4TH CELEBRATION, CAR SHOW, AND THEATRICAL EVENTS, ETC.

Program 2

Expenses: $56,877 Revenue: $46,225

THE CULTURAL AFFAIRS ASSOCIATION HOLDS THE OKTOBERFEST ANNUALLY. THIS IS A GERMAN STYLE PARTY FOR THE COMMUNITY WITH GERMAN BANDS, FOLK DAS, AND GERMAN FOOD.

Program 3

Expenses: $43,487 Revenue: $1,977

THE CULTURAL AFFAIRS ASSOCIATION HOLDS THE SUMMER CONCERT SERIES ANNUALLY. THE CONCERT SERIES RUNS FOR EIGHT WEEKS IN THE SUMMER AND IS FREE TO THE PUBLIC, SHOWCASING A VARIETY OF MUSICAL GENRES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $185,511

Program Service Revenue $147,377

Investment Income $39

Other Revenue $0

TOTAL REVENUE $332,927

Expense Breakdown

Grants Paid $11,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $257,370

Other Expenses $329,233

TOTAL EXPENSES $340,233

Year-over-Year Comparison

	2023	2022	Change
Revenue	$332,927	$299,658	+0.1%
Expenses	$340,233	$271,258	+0.3%
Net Income	$-7,306	$28,400	-1.3%

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
Kurt Huffman	Director	1.00	Director	$0	$0	$0
JIM ALLEN	President	1.00	Officer Director	$0	$0	$0
DAN DEBACCO	Treasurer	1.00	Officer Director	$0	$0	$0
MONICA WASDEN	Secretary	1.00	Officer Director	$0	$0	$0
MELISSA PARK	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	No data	No data	No data	No data
2023	$332,927	$340,233	$296,835	$-7,306
2022	$299,658	$271,258	$303,050	$28,400
2021	$276,823	$296,563	$288,086	$-19,740
2020	$264,416	$133,988	$332,029	$130,428
2019	$348,187	$357,157	$324,965	$-8,970
2018	$349,946	$334,987	$350,379	$14,959

HIGHLANDS RANCH CULTURAL AFFAIRS ASSOCIATION