GLENWOOD SPRINGS ARTS COUNCIL

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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

1982

Legal Domicile

Principal Officer

LAURIE CHASE

Phone

9703559689

Tax Period

2024-01-01 to 2024-12-31

GLENWOOD SPRINGS ARTS COUNCIL, founded in 1982, is a micro nonprofit that reported $35K in total revenue in fiscal year 2024.

Mission

TO PROMOTE AWARENESS, ACCESS AND APPRECIATION OF THE ARTS FOR AREA RESIDENTS, VISITORS AND ARTISTS IN ORDER TO ASSIST THE DEVELOPMENT OF THE HUMAN, ARTISTIC AND CULTURAL POTENTIAL OF GLENWOOD SPRINGS AND THE SURROUNDING AREA.

Program Service Accomplishments

Program 1

Expenses: $30,383 Revenue: $7,109

THE ORGANIZATION PROVIDED ARTS AND PERFORMANCE CLASSES, EXHIBITS AND PROGRAMS TO INDIVIDUALS IN THE LOCAL COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $30,517

Program Service Revenue $7,109

Investment Income $11

Other Revenue $-2,227

TOTAL REVENUE $35,410

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,073

Program Expenses $30,383

Other Expenses $34,405

TOTAL EXPENSES $34,405

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,410	$33,257	+0.1%
Expenses	$34,405	$36,236	-0.1%
Net Income	$1,005	$-2,979	-1.3%

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

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
LAURIE CHASE	PRESIDENT	1.00	Officer Director	$0	$0	$0
AVERY SMITH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ALYSON ACKLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
MIKKI MALLORY	TREASURER	1.00	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
2024	$35,410	$34,405	$12,448	$1,005
2023	$33,257	$36,236	$11,575	$-2,979
2022	$30,291	$31,974	$14,498	$-1,683
2021	$14,270	$10,036	$16,230	$4,234
2020	$4,376	$7,169	$11,795	$-2,793