CHERRY ARTS (EIN 742546811) - 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

1989

Legal Domicile

Phone

3033552787

Tax Period

2023-10-01 to 2024-09-30

CHERRY ARTS, founded in 1989, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2023. Expenses of $2.6M exceeded revenue, resulting in a 18% operating deficit.

Mission

CHERRY ARTS 501c3 non-profit mission is to provide access to art experiences and support arts education in Colorado

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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 $1,098,778

Program Service Revenue $758,478

Investment Income $275,436

Other Revenue $40,498

TOTAL REVENUE $2,173,190

Expense Breakdown

Grants Paid $0

Salaries & Benefits $434,403

Fundraising Expenses $123,285

Program Expenses $1,938,817

Other Expenses $2,135,313

TOTAL EXPENSES $2,569,716

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,173,190	$2,116,083	+0.0%
Expenses	$2,569,716	$2,463,993	+0.0%
Net Income	$-396,526	$-347,910	+0.1%

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

358

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

$145,300

Total Directors

$145,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TARA BRICKELL	EXEC DIRECTOR/CEO	040.00	Officer Director	$134,304	$10,996	$145,300
MATTHEW KEENEY	BOARD CHAIR	002.00	Officer Director	$0	$0	$0
JEFF PFEIFER	PAST CHAIR	002.00	Officer Director	$0	$0	$0
RACHEL MCGUIRE	SECRETARY/TREASURER	002.00	Officer Director	$0	$0	$0
AMY DICKERSON	CHAIR ELECT	002.00	Officer Director	$0	$0	$0
KIM CORRIGAN	BOARD MEMBER	002.00	Director	$0	$0	$0
JOHN CLAUDE-FUTRELL	BOARD MEMBER	002.00	Director	$0	$0	$0
ELIZABETH HAMILTON	BOARD MEMBER	002.00	Director	$0	$0	$0
RON HICKS	BOARD MEMBER	002.00	Director	$0	$0	$0
ESTER LEE LEACH	BOARD MEMBER	002.00	Director	$0	$0	$0
JOANNE REILLY	BOARD MEMBER	002.00	Director	$0	$0	$0
DENNIS RYERSON	BOARD MEMBER	002.00	Director	$0	$0	$0
TIFFANY SUMMERS	BOARD MEMBER	002.00	Director	$0	$0	$0
STEPHANIE WOOD	BOARD MEMBER	002.00	Director	$0	$0	$0
ANDREA ZEDIKER	BOARD MEMBER	002.00	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
2024	$2,173,190	$2,569,716	$2,936,579	$-396,526
2023	$2,116,083	$2,463,993	$3,130,263	$-347,910
2022	$3,413,779	$2,395,666	$3,375,483	$1,018,113
2021	$1,539,850	$1,760,631	$2,617,133	$-220,781
2020	$399,898	$947,881	$2,660,317	$-547,983
2019	$2,817,887	$2,690,041	$2,849,798	$127,846
2018	$2,005,410	$2,601,245	$2,636,494	$-595,835

CHERRY ARTS