THE COBRE VALLEY CENTER FOR THE ART INC

EIN: 742538428 501(c)(3)

Globe, AZ

Total Revenue
$88,799
Total Expenses
$110,797
Total Assets
$70,660
Net Assets
$62,492
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
AZ
Principal Officer
TANNER HUNSAKER
Phone
9288121432
Tax Period
2020-01-01 to 2020-12-31

THE COBRE VALLEY CENTER FOR THE ART INC, founded in 1989, is a micro nonprofit that reported $89K in total revenue in fiscal year 2020. Expenses of $111K exceeded revenue, resulting in a 25% operating deficit.

Mission

To promote arts, tourism and the maintenance of the historical building

Program Service Accomplishments

Program 1
Expenses: $22,918 Revenue: $30,246

WORKSHOPS, THEATER, AND PROMOTE VARIOUS FORMS PF ART DONE IN THE AREA

Program 2
Expenses: $28,550 Revenue: $32,293

VISTORS CENTER FOR TOURISM FOR THE CITY OF GLOBE

Program 3
Expenses: $55,085 Revenue: $26,260

RESTORATION AND MAINTENANCE OF HISORIC COURT HOUSE BUILDING

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $59,901
Program Service Revenue $28,896
Investment Income $2
Other Revenue $0
TOTAL REVENUE $88,799

Expense Breakdown

Grants Paid $0
Salaries & Benefits $27,524
Fundraising Expenses $0
Program Expenses $106,553
Other Expenses $83,273
TOTAL EXPENSES $110,797

Year-over-Year Comparison

2020 2019 Change
Revenue $88,799 $82,665 +0.1%
Expenses $110,797 $68,893 +0.6%
Net Income $-21,998 $13,772 -2.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
4
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
0
$0
Total Directors
10
$0
Key Employees
4
$19,815
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM BOWEN KEY EMPLOYEE 021.00
Key Emp Highest
$13,278 $0 $13,278
CALEB KING KEY EMPLOYEE 005.00
Key Emp
$4,272 $0 $4,272
ERIN SMITH KEY EMPLOYEE 005.00
Key Emp
$1,494 $0 $1,494
JILL ALICE MAY KEY EMPLOYEE 005.00
Key Emp
$771 $0 $771
MICHELLE HARRISON treasurer 025.00
Director
$0 $0 $0
ROGER KING VICE PRESIDENT 025.00
Director
$0 $0 $0
MAY SULLIVAN DIRECTOR 002.00
Director
$0 $0 $0
RANDY SULLIVAN DIRECTOR 002.00
Director
$0 $0 $0
TANNER HUNSAKER PRESIDENT 025.00
Director
$0 $0 $0
DIANA MONTGOMERY SECRETARY 025.00
Director
$0 $0 $0
FREDDY RIOS DIRECTOR 005.00
Director
$0 $0 $0
TOM FOSTER DIRECTOR 005.00
Director
$0 $0 $0
GUILLERMO THOMAS DIRECTOR 005.00
Director
$0 $0 $0
MAY SUILLVAN DIRECTOR 005.00
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 $88,799 $110,797 $70,660 $-21,998
2019 $82,665 $68,893 $89,117 $13,772
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