SPRUCE FOREST ARTISAN VILLAGE INC

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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

1998

Legal Domicile

Principal Officer

LYNN LAIS

Phone

3018955985

Tax Period

2025-01-01 to 2025-12-31

SPRUCE FOREST ARTISAN VILLAGE INC, founded in 1998, is a micro nonprofit that reported $35K in total revenue in fiscal year 2025. Revenue fell 57% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $16K, a strong 46% operating margin.

Mission

TO PROVIDE AN ARTS AND HERITAGE CENTER IN THE APPALACHIAN MOUNTAINS OF WESTERN MARYLAND TO PRESERVE CULTURAL HISTORY.

Program Service Accomplishments

Program 1

Expenses: $18,863

OFFERS TEACHING CLASSES AND WORKSHOPS ON POTTERY, CERAMICS, JEWELRY FABRICATION, CLAY, QUILLING, WOOD-CARVING, ETC., IN A VILLAGE OF HISTORICALLY RENOVATED BUILDINGS IN WESTERN MARYLAND.

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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 (2025)

Revenue Breakdown

Contributions & Grants $26,008

Program Service Revenue $2,017

Investment Income $22

Other Revenue $6,686

TOTAL REVENUE $34,733

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,863

Other Expenses $18,863

TOTAL EXPENSES $18,863

Year-over-Year Comparison

	2025	2024	Change
Revenue	$34,733	$80,986	-0.6%
Expenses	$18,863	$21,476	-0.1%
Net Income	$15,870	$59,510	-0.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM FOLK	PRESIDENT	2.00	Officer Director	$0	$0	$0
REGINA HOLIDAY	SECRETARY	2.00	Officer Director	$0	$0	$0
LYNN LAIS	TREASURER	10.00	Officer Director	$0	$0	$0
EMILY EDWARDS	VICE PRESIDENT	2.00	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
2025	$34,733	$18,863	$444,471	$15,870
2024	$80,986	$21,476	$444,471	$59,510
2023	$22,780	$21,488	$384,961	$1,292
2022	$40,870	$15,154	$384,268	$25,716
2021	$38,448	$17,380	$357,952	$21,068
2020	$21,137	$9,721	$336,884	$11,416