Timpanogos Arts Foundation (EIN 710921224) - 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

Phone

8014711240

Tax Period

2023-07-01 to 2024-06-30

Timpanogos Arts Foundation is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 78% from the prior year, signaling strong growth momentum. The organization ran a surplus of $334K, a strong 32% operating margin.

Mission

THE MISSION OF THE TIMPANOGOS ARTS FOUNDATION IS TO EDUCATE, ENRICH, AND INSPIRE BY PROVISING LEADERSHIP AND ENCORAGEMENT FOR ARTISTIC AND CULTURAL EXCELLENCE, WHICH ENHANCES THE QUALITY OF LIFE FOR THE PEOPLE OF AMERICAN FORK AND NEIGHBORING COMMUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $684,205

Program Service Revenue $366,768

Investment Income $101

Other Revenue $0

TOTAL REVENUE $1,051,074

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,777

Fundraising Expenses $0

Program Expenses $510,116

Other Expenses $571,025

TOTAL EXPENSES $716,802

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,051,074	$592,036	+0.8%
Expenses	$716,802	$708,331	+0.0%
Net Income	$334,272	$-116,295	-3.9%

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

200

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
Russell Gunther	Director	0.00	Director	$0	$0	$0
Marlene Myers	Director	1.00	Director	$0	$0	$0
Ronald Harris	Director	0.00	Director	$0	$0	$0
Michelle Jolley	Director	0.00	Director	$0	$0	$0
Toby Roylance	Director	0.00	Director	$0	$0	$0
Ron Saltmarsh	Treasurer	0.00	Director	$0	$0	$0
Larry Myers	President	1.00	Director	$0	$0	$0
Wyattt Walker	Treasurer	1.00	Director	$0	$0	$0
Reggie Walker	Executive Dir.	10.00	Officer	$0	$0	$0
Paul Poulsen	Officer	0.00	Officer	$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	$1,051,074	$716,802	$524,214	$334,272
2023	$592,036	$708,331	$136,995	$-116,295
2022	$651,042	$678,769	$252,161	$-27,727
2019	$387,539	$378,751	$411,644	$8,788
2018	$470,024	$348,886	$400,333	$121,138

Timpanogos Arts Foundation