Artesia Arts Council Inc (EIN 510140418) - 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

1975

Legal Domicile

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

Artesia Arts Council develops and promotes community interest in the arts and enriches life in Southeastern New Mexico through professional artist concerts, fine arts classes, performing arts classes, and art galleries.

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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 (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

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

$52,633

Total Directors

Key Employees

Highest Compensated

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

Artesia Arts Council Inc