Petaluma Arts Council DBA PETALUMA ARTS CENTER (EIN 311804169) - 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

2001

Legal Domicile

Principal Officer

Carin Jacobs

Phone

7077625600

Tax Period

2021-07-01 to 2022-06-30

Petaluma Arts Council DBA PETALUMA ARTS CENTER, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $223K in total revenue in fiscal year 2021.

Mission

The Petaluma Arts Council began in June 1998, as a grassroots effort to acknowledge and celebrate local artists and their contributions and to involve the whole community in appreciation, involvement and recognition of art as a enriching component of our daily lives.

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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 $145,125

Program Service Revenue $75,355

Investment Income $183

Other Revenue $2,389

TOTAL REVENUE $223,052

Expense Breakdown

Grants Paid $0

Salaries & Benefits $129,269

Fundraising Expenses $17,206

Program Expenses $200,964

Other Expenses $105,911

TOTAL EXPENSES $235,180

Year-over-Year Comparison

	2021	2020	Change
Revenue	$223,052	$229,793	0.0%
Expenses	$235,180	$206,391	+0.1%
Net Income	$-12,128	$23,402	-1.5%

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

$55,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carin Jacobs	Executive Dir.	40.00	Officer	$55,000	$0	$55,000
Leslie Ihrig	Secretary	4.00	Director	$0	$0	$0
Karleen Arnink-Pate	Director	2.00	Director	$0	$0	$0
Irma Vega Bijou	Director	2.00	Director	$0	$0	$0
Lisa Lightman	Director	2.00	Director	$0	$0	$0
Travis White	Treasurer	4.00	Director	$0	$0	$0
Pat Martin	Vice President	2.00	Director	$0	$0	$0
Maggie Parr	Director	2.00	Director	$0	$0	$0
Mike Nova	Director	2.00	Director	$0	$0	$0
Llisa Demetrios	President	2.00	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	$223,052	$235,180	$351,676	$-12,128
2021	$229,793	$206,391	$364,330	$23,402
2019	$206,510	$124,446	$292,631	$82,064

Petaluma Arts Council DBA PETALUMA ARTS CENTER