BLUE DOME ARTS FESTIVAL INC

EIN: 464445111 501(c)(3)

TULSA, OK

Total Revenue
$124,330
Total Expenses
$164,227
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Principal Officer
JO ARMSTRONG
Phone
9189386000
Tax Period
2018-01-01 to 2018-12-31

BLUE DOME ARTS FESTIVAL INC, founded in 2014, is a small nonprofit that reported $124K in total revenue in fiscal year 2018. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $164K exceeded revenue, resulting in a 32% operating deficit.

Mission

THE BLUE DOME ARTS FESTIVAL IS A 501(C)(3), NON-PROFIT, TAX EXEMPT ORGANIZATION DEDICATED TO THE PROMOTION AND SUPPORT OF LOCAL ARTISTS AND THE ARTS IN GENERAL, AND OTHER CHARITABLE CAUSES.

Program Service Accomplishments

Program 1
Expenses: $62,744 Revenue: $51,220

THE BLUE DOME ARTS FESTIVAL (BDAF) IS AN ANNUAL COMMUNITY EVENT LOCATED IN TULSA'S HISTORIC BLUE DOME DISTRICT THAT FOCUSES ON PROMOTING LOCAL ARTISTS, HANDCRAFTERS, AND PERFORMERS. BDAF HAS BECOME A...

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THE BLUE DOME ARTS FESTIVAL (BDAF) IS AN ANNUAL COMMUNITY EVENT LOCATED IN TULSA'S HISTORIC BLUE DOME DISTRICT THAT FOCUSES ON PROMOTING LOCAL ARTISTS, HANDCRAFTERS, AND PERFORMERS. BDAF HAS BECOME A SPRING TRADITION FOR FAMILIES ACROSS THE GREAT STATE OF OKLAHOMA. IN 2018, BDAF PROVIDED EXPOSURE TO 300 OKLAHOMA ARTISTS TO THOUSANDS OF FESTIVAL ATTENDEES. BDAF ALSO ATTRACTED 25 PERFORMERS AND 22 FOOD SERVICE TRUCKS WITH MULTI-NATIONAL INFLUENCE.

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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 (2018)

Revenue Breakdown

Contributions & Grants $73,110
Program Service Revenue $51,220
Investment Income $0
Other Revenue $0
TOTAL REVENUE $124,330

Expense Breakdown

Grants Paid $0
Salaries & Benefits $95,000
Fundraising Expenses $0
Program Expenses $62,744
Other Expenses $66,817
TOTAL EXPENSES $164,227

Year-over-Year Comparison

2018 2017 Change
Revenue $124,330 $98,009 +0.3%
Expenses $164,227 $86,466 +0.9%
Net Income $-39,897 $11,543 -4.5%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
$95,000
Total Directors
3
$95,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JO ARMSTRONG EXECUTIVE DI 45.00
Officer Director
$95,000 $0 $95,000
HUGH ROBERT DIRECTOR 1.00
Director
$0 $0 $0
CHRIS ARMSTRONG DIRECTOR 1.00
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
2018 $124,330 $164,227 No data $-39,897
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