Springfield Area Arts Council

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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

1976

Legal Domicile

Principal Officer

Ryan Cannon

Phone

2177533519

Tax Period

2019-10-01 to 2020-09-30

Springfield Area Arts Council, founded in 1976, is a small nonprofit in the Arts, Culture & Humanities sector that reported $115K in total revenue in fiscal year 2019. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

To enrich the community by promoting and supporting all art forms and providing creative opportunities to participate in and enjoy the arts.

Program Service Accomplishments

Program 1

Expenses: $56,265 Revenue: $66,350

Grants contributed to various organizations to promote arts in the communuity.

Program 2

Expenses: $31,717

Education and art programs designed to inform and educate students through various presentations and seminars.

Program 3

Expenses: $28,871

Performance series and entertain public.

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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 (2019)

Revenue Breakdown

Contributions & Grants $96,681

Program Service Revenue $15,603

Investment Income $196

Other Revenue $2,433

TOTAL REVENUE $114,913

Expense Breakdown

Grants Paid $8,100

Salaries & Benefits $37,674

Fundraising Expenses $0

Program Expenses $116,853

Other Expenses $75,827

TOTAL EXPENSES $121,601

Year-over-Year Comparison

	2019	2018	Change
Revenue	$114,913	$146,542	-0.2%
Expenses	$121,601	$135,411	-0.1%
Net Income	$-6,688	$11,131	-1.6%

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

$31,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sheila Walk	Interim Exe Dir	35.00	Director	$31,200	$0	$31,200
Ashley Davis	Director	1.00	Director	$0	$0	$0
Kyla Kruse	Director	1.00	Director	$0	$0	$0
Anastasia Lindsey	Director	1.00	Director	$0	$0	$0
Steve Myers	Director	1.00	Director	$0	$0	$0
Jamie Williams	Director	1.00	Director	$0	$0	$0
Ryan Cannon	President	2.00	Officer	$0	$0	$0
Adena Rivas	Vice President	1.00	Officer	$0	$0	$0
Kari Bedford	Vice President	1.00	Officer	$0	$0	$0
Lindee Hall	Secretary	5.00	Officer	$0	$0	$0
Stephen Shields	Treasurer	2.00	Officer	$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
2020	$114,913	$121,601	$72,666	$-6,688