Craft Lake City Corporation (EIN 454095000) - 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

2011

Legal Domicile

Principal Officer

Angela Brown

Phone

8014879221

Tax Period

2024-01-01 to 2024-12-31

Craft Lake City Corporation, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $969K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum.

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.

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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 $360,223

Program Service Revenue $607,564

Investment Income $859

Other Revenue $0

TOTAL REVENUE $968,646

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,638

Fundraising Expenses $0

Program Expenses $756,360

Other Expenses $814,427

TOTAL EXPENSES $954,065

Year-over-Year Comparison

	2024	2023	Change
Revenue	$968,646	$794,148	+0.2%
Expenses	$954,065	$899,806	+0.1%
Net Income	$14,581	$-105,658	-1.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Angela Brown	President & CEO	35.00	Officer Director	$0	$0	$0
John Carlisle	Vice President	3.00	Officer Director	$0	$0	$0
Brandy Oliver	Secretary	1.00	Officer 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	$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

Craft Lake City Corporation