Artesia Arts Council Inc

EIN: 510140418 501(c)(3)

Artesia, NM

Total Revenue
$332,776
Total Expenses
$699,605
Total Assets
$3,935,299
Net Assets
$3,814,403
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
NM
Principal Officer
Hayley Klein
Phone
5757464212
Tax Period
2022-07-01 to 2023-06-30

Artesia Arts Council Inc, founded in 1975, is a small nonprofit that reported $333K in total revenue in fiscal year 2022. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $700K exceeded revenue, resulting in a 110% operating deficit.

Mission

To encourage expression and learning through art and culture for all ages that will enrich the communities of Southeast New Mexico.

Program Service Accomplishments

Program 1
Expenses: $366,970 Revenue: $2,685

The Artesia Arts Council education program offers a mixture of private/group art and personal development lessons, workshops, and camps. During this year, the organization hosted summer classes and...

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The Artesia Arts Council education program offers a mixture of private/group art and personal development lessons, workshops, and camps. During this year, the organization hosted summer classes and the Missoula Children's Theatre Camp June 5 - 10, 2023.

Program 2
Expenses: $175,580 Revenue: $51,600

The organization was able to resume professional show programs and continue community theatre plays, hosting 17 professional shows this season, such as: Hotel California, Sons of the Pioneers, Lisa...

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The organization was able to resume professional show programs and continue community theatre plays, hosting 17 professional shows this season, such as: Hotel California, Sons of the Pioneers, Lisa Rock's "A Carpenters Christmas", and two plays. The Council also hosted two annual events: Art in the Park every October and the City of Champions Comic Con in May.

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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 (2022)

Revenue Breakdown

Contributions & Grants $269,390
Program Service Revenue $54,285
Investment Income $66
Other Revenue $9,035
TOTAL REVENUE $332,776

Expense Breakdown

Grants Paid $580
Salaries & Benefits $118,321
Fundraising Expenses $61,572
Program Expenses $542,550
Other Expenses $580,704
TOTAL EXPENSES $699,605

Year-over-Year Comparison

2022 2021 Change
Revenue $332,776 $490,934 -0.3%
Expenses $699,605 $526,154 +0.3%
Net Income $-366,829 $-35,220 +9.4%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
4
Volunteers
50

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
4
$52,633
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Hayley Klein President 5.00
Officer Director
$0 $0 $0
Kelly Speckhart Secretary 5.00
Officer Director
$0 $0 $0
Reid Edwards Treasurer 2.00
Officer Director
$0 $0 $0
Jayde Burnell Director 2.00
Director
$0 $0 $0
Tao Chumbley Director 2.00
Director
$0 $0 $0
Kandese Green Director of Operations 50.00
Officer
$52,633 $0 $52,633
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 No data No data No data No data
2024 No data No data No data No data
2023 $332,776 $699,605 $3,935,299 $-366,829
2022 $490,934 $526,154 $4,184,207 $-35,220
2021 $52,890 $75,861 $4,219,427 $-22,971
2021 $127,542 $315,423 $4,242,098 $-187,881
2020 $384,262 $616,654 $4,462,508 $-232,392
2019 $477,720 $642,005 $4,776,973 $-164,285
2018 $496,492 $559,110 $4,941,290 $-62,618
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