CHATFIELD CENTER FOR THE ARTS INC

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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

2011

Legal Domicile

Principal Officer

JOEL YOUNG

Phone

5078672927

Tax Period

2023-01-01 to 2023-12-31

CHATFIELD CENTER FOR THE ARTS INC, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $317K in total revenue in fiscal year 2023.

Mission

TO SERVE AS A REGIONAL HUB FOR ADVANCEMENT OF THE ARTS BY FOSTERING CREATIVE EXPRESSION, SOCIAL ENGAGEMENT AND LIFELONG LEARNING.

Program Service Accomplishments

Program 1

Expenses: $232,014 Revenue: $119,085

COMING OFF THE HEELS OF COVID CLOSURES AND A LARGE RENOVATION PROJECT, 2023 MARKED THE RETURN TO A FULL, INTERRUPTED PROGRAMMING CALENDAR. ALTHOUGH NOT UP TO PRE-PANDEMIC LEVELS, THE CCA OFFERED 35 PRODUCTIONS SPANNING A DIVERSE ARRAY OF PERFORMANCES, CLASSES, AND WORKSHOPS, FOSTERING CREATIVE EXPRESSION AND COMMUNITY ENGAGEMENT. THE CENTER'S MISSION TO SUPPORT THE ARTS WAS FURTHER EMPHASIZED THROUGH ITS VARIOUS EVENTS, WHICH INCLUDED LIVE MUSIC, THEATER PERFORMANCES, AND EDUCATIONAL PROGRAMS. THIS COMMITMENT TO ARTS AND CULTURE NOT ONLY ENRICHED THE LOCAL COMMUNITY BUT ALSO ATTRACTED VISITORS FROM BEYOND THE REGION. ONE OF THE OTHER KEY MILESTONES WAS THE COMPLETION OF THE SECOND PHASE OF ITS RENOVATION PROJECT, WHICH INVOLVED EXTENSIVE UPDATES TO THE HISTORIC 1916 SCHOOL BUILDING. THIS PHASE FOCUSED ON RESTORING THE ORIGINAL ASSEMBLY HALL, CREATING GALLERIES, OFFICES, AND ART STUDIOS, AND ADDING NEW AMENITIES SUCH AS RESTROOMS AND A LARGE LOBBY. THESE IMPROVEMENTS SIGNIFICANTLY UPGRADED THE FACILITY, MAKING IT MORE VERSATILE AND BETTER EQUIPPED TO HOST A WIDE RANGE OF ARTS PROGRAMMING.

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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 $164,275

Program Service Revenue $119,085

Investment Income $270

Other Revenue $33,270

TOTAL REVENUE $316,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $76,028

Fundraising Expenses $25,618

Program Expenses $232,014

Other Expenses $247,483

TOTAL EXPENSES $323,511

Year-over-Year Comparison

	2023	2022	Change
Revenue	$316,900	$324,682	0.0%
Expenses	$323,511	$289,984	+0.1%
Net Income	$-6,611	$34,698	-1.2%

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

$8,846

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARA STURGIS	EXECUTIVE DI	40.00	Officer	$8,846	$0	$8,846
PETER ERICKSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
ALLAN B DIETZ	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
TAMI LARSON	TREASURER	2.00	Officer Director	$0	$0	$0
LYNN K HARSTAD	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
CARLA GALLINA	DIRECTOR	1.00	Director	$0	$0	$0
RUSSELL SMITH	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE WELCH	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN BAUM	DIRECTOR	1.00	Director	$0	$0	$0
F MIKE TUOHY	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY STEVENS	DIRECTOR	1.00	Director	$0	$0	$0
JOEL YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
TOM HILGREN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN CARLSON	PART YEAR DI	N/A	Director	$0	$0	$0
TODD JOHNSON	PART YEAR DI	N/A	Director	$0	$0	$0
MOLLY BAUM	PART YEAR DI	N/A	Director	$0	$0	$0
JOSEPH CHASE	PART YEAR DI	N/A	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	$316,900	$323,511	$228,883	$-6,611
2022	$324,682	$289,984	$259,922	$34,698
2021	$306,186	$210,013	$223,954	$96,173
2020	$221,073	$213,053	$128,745	$8,020
2019	$279,781	$254,478	$120,734	$25,303