Craft Lake City Corporation

EIN: 454095000 501(c)(3) Arts, Culture & Humanities

Salt Lake City, UT

Total Revenue
$936,776
Total Expenses
$1,088,875
Total Assets
$151,284
Net Assets
$131,904
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
UT
Principal Officer
Angela Brown
Phone
8014879221
Tax Period
2025-01-01 to 2025-12-31

Craft Lake City Corporation, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $937K in total revenue in fiscal year 2025. Expenses of $1.1M exceeded revenue, resulting in a 16% operating deficit.

Mission

The mission of the organization is to educate, promote and inspire local artisans while elevating the creative culture of the Utah Arts Community through science, technology and art.

Program Service Accomplishments

Program 1
Expenses: $929,568 Revenue: $559,327

Artist workshops and events held to promote, inspire local artisans.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $377,449
Program Service Revenue $559,327
Investment Income $0
Other Revenue $0
TOTAL REVENUE $936,776

Expense Breakdown

Grants Paid $0
Salaries & Benefits $131,076
Fundraising Expenses $0
Program Expenses $929,568
Other Expenses $957,799
TOTAL EXPENSES $1,088,875

Year-over-Year Comparison

2025 2024 Change
Revenue $936,776 $968,646 0.0%
Expenses $1,088,875 $954,065 +0.1%
Net Income $-152,099 $14,581 -11.4%
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

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Governance

Voting Members
3
Independent Members
3
Employees
1
Volunteers
N/A

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
1
$65,000
Total Directors
5
$65,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Angela Brown President & CEO 35.00
Officer Director
$65,000 $0 $65,000
Cheyenne Smith Vice President 0.50
Director
$0 $0 $0
Lucia Murdock Secretary 0.50
Director
$0 $0 $0
Matthew Stevens Chairman 0.50
Director
$0 $0 $0
Nick Hoffman Chairman 0.50
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 $936,776 $1,088,875 $151,284 $-152,099
2024 $968,646 $954,065 $298,476 $14,581
2023 $794,147 $899,806 $269,938 $-105,659
2022 $685,825 $632,983 $376,922 $52,842
2021 $884,315 $684,843 $319,746 $199,472
2020 $380,747 $342,743 $126,564 $38,004
2019 $648,154 $586,322 $82,612 $61,832
2018 $604,802 $588,312 $19,245 $16,490
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