Fine Arts Foundation (EIN 742393879) - 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

1985

Legal Domicile

Phone

7202343623

Tax Period

2019-10-01 to 2020-09-30

Fine Arts Foundation, founded in 1985, is a micro nonprofit that reported $17K in total revenue in fiscal year 2019. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $37K exceeded revenue, resulting in a 120% operating deficit.

Mission

TO ENRICH LIFE IN COLORADO BY SUPPORTING THE ARTS. THIS IS ACCOMPLISHED BY RAISING FUNDS TO SUPPORT THE ARTS THROUGH GRANTS AND TO EDUCATE OUR MEMBERS AND THE COMMUNITY AT LARGE WHILE DEVELOPING INDIVIDUAL AND COMMUNITY SUPPORT.

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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 (2019)

Revenue Breakdown

Contributions & Grants $11,925

Program Service Revenue $0

Investment Income $6,797

Other Revenue $-1,812

TOTAL REVENUE $16,910

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,000

Other Expenses $22,261

TOTAL EXPENSES $37,261

Year-over-Year Comparison

	2019	2018	Change
Revenue	$16,910	$101,229	-0.8%
Expenses	$37,261	$95,927	-0.6%
Net Income	$-20,351	$5,302	-4.8%

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
Stephen Edmonds	President	10.00	Officer Director	$0	$0	$0
Mary McNicholas	Past President	2.00	Officer Director	$0	$0	$0
Elizabeth Hotz	VP Development	2.00	Officer Director	$0	$0	$0
Marion Smith	VP of Finance	4.00	Officer Director	$0	$0	$0
Kathy Roberts	VP of Grants	2.00	Officer Director	$0	$0	$0
Jane Wiltshire	VP Membership	2.00	Officer Director	$0	$0	$0
Gail Nash	VP Selections	2.00	Officer Director	$0	$0	$0
Rhondda Hartman	Founder	2.00	Officer Director	$0	$0	$0
Amy Frederick	Ball Chair	2.00	Officer Director	$0	$0	$0
Lynn Wong	Board Advisor	2.00	Officer Director	$0	$0	$0
Caroline Simpson	Board Advisor	2.00	Officer Director	$0	$0	$0
Margo Schlup	Grants Liaison	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
2020	$16,910	$37,261	No data	$-20,351
2019	$100,123	$98,040	$324,268	$2,083
2018	$83,926	$75,789	$323,435	$8,137

Fine Arts Foundation