SPRINGFIELD REGIONAL 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

1978

Legal Domicile

Principal Officer

LESLIE FORRESTER

Phone

4178622787

Tax Period

2024-07-01 to 2025-06-30

SPRINGFIELD REGIONAL ARTS COUNCIL, founded in 1978, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO TRANSFORM LIVES AND ENRICH OUR COMMUNITY THROUGH THE ARTS.

Program Service Accomplishments

Program 1

Expenses: $742,824 Revenue: $410,828

THE SPRINGFIELD REGIONAL ARTS COUNCIL FACILITATES AND PLANS ARTS EDUCATIONAL PROGRAMMING FOR UNDERSERVED COMMUNITIES, AS WELL AS SERVES AS AN ADVOCATE FOR THE ARTS ACROSS THE REGION AND AT THE STATE...

Program 2

Expenses: $64,950 Revenue: $108,428

ARTSFEST ON HISTORIC WALNUT STREET IS AN ANNUAL ARTS FESTIVAL THAT FEATURES OVER 140 ARTISTS FROM ACROSS THE COUNTRY, AS WELL AS PERFORMANCES, FOOD AND HANDS-ON ART ACTIVITIES.

Program 3

Expenses: $26,846 Revenue: $13,810

FRESH GALLERY WAS HOME TO 20 SPRINGFIELD AREA ARTISTS WHO WERE JURIED IN AS MEMBERS OF THE COLLECTIVE GALLERY WHICH THEY ALL SHARED IN OPERATING. THESE ARTISTS WERE FROM A WIDE VARIETY OF SPECIALTY BACKGROUNDS INCLUDING JEWELRY, WATERCOLORS, FIBERS, OILS, SCULPTURES, WEARABLE ART, MIXED MEDIA AND PHOTOGRAPHY. FRESH GALLERY CLOSED OPERATIONS UNDER SRAC IN FY25.

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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 $517,178

Program Service Revenue $533,066

Investment Income $36,015

Other Revenue $-14,612

TOTAL REVENUE $1,071,647

Expense Breakdown

Grants Paid $228,695

Salaries & Benefits $361,137

Fundraising Expenses $13,241

Program Expenses $834,620

Other Expenses $474,878

TOTAL EXPENSES $1,064,710

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,071,647	$959,079	+0.1%
Expenses	$1,064,710	$918,086	+0.2%
Net Income	$6,937	$40,993	-0.8%

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

196

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

$93,182

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESLIE FORRESTER	EXECUTIVE DI	60.00	Officer	$88,529	$4,653	$93,182
SUSAN BELCHER	DIRECTOR	2.50	Director	$0	$0	$0
BETHANY BELL	DIRECTOR	2.50	Director	$0	$0	$0
KAYLA BELL	TREASURER	2.50	Officer Director	$0	$0	$0
JIM BULTAS	PAST PRESIDE	2.50	Officer Director	$0	$0	$0
ASHLEY DAVIS	DIRECTOR	2.50	Director	$0	$0	$0
JILL GREGORY	DIRECTOR	2.50	Director	$0	$0	$0
DAWN GUTIERREZ	DIRECTOR	2.50	Director	$0	$0	$0
MIKE HOLMES	DIRECTOR	2.50	Director	$0	$0	$0
JOSH INMON	SECRETARY	2.50	Officer Director	$0	$0	$0
KENNY KABAK	DIRECTOR	2.50	Director	$0	$0	$0
JUDI KAMIEN	DIRECTOR	2.50	Director	$0	$0	$0
COREY KILBURN	DIRECTOR	2.50	Director	$0	$0	$0
ERIK KISER	DIRECTOR	2.50	Director	$0	$0	$0
ERIC OLSON	DIRECTOR	2.50	Director	$0	$0	$0
JESSICA PASSERI	DIRECTOR	2.50	Director	$0	$0	$0
COURTNEY PINKHAM-MARTIN	PRESIDENT	2.50	Officer Director	$0	$0	$0
AMANDA SNEAD	DIRECTOR	2.50	Director	$0	$0	$0
JON SPENCE	DIRECTOR	2.50	Director	$0	$0	$0
NATHAN SUTTON	VICE PRESIDE	2.50	Officer Director	$0	$0	$0
KEVIN WATERLAND	DIRECTOR	2.50	Director	$0	$0	$0
VONDA YARBERRY	DIRECTOR	2.50	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
2025	$1,071,647	$1,064,710	$1,400,912	$6,937
2024	No data	No data	No data	No data
2023	$808,264	$741,630	$1,221,971	$66,634
2022	$710,258	$610,071	$1,117,778	$100,187
2021	$641,259	$496,206	$1,099,236	$145,053
2020	$537,892	$509,508	$904,832	$28,384
2019	$593,641	$585,862	$912,561	$7,779
2018	$673,644	$551,999	$899,230	$121,645