Northglenn Arts and Humanities Foun

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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

1990

Legal Domicile

Principal Officer

Jill Parsons

Phone

3034508727

Tax Period

2024-01-01 to 2024-12-31

Northglenn Arts and Humanities Foun, founded in 1990, is a small nonprofit in the Arts, Culture & Humanities sector that reported $330K in total revenue in fiscal year 2024. Expenses of $462K exceeded revenue, resulting in a 40% operating deficit.

Mission

The Northglenn Arts & Humanities Foundation (NAHF) provides funding for quality youth theatre, public art and other cultural endeavors in the Northglenn, Colorado and North Denver Metro Area.

Program Service Accomplishments

Program 1

Expenses: $224,009 Revenue: $84,119

4a. Theatre programs were presented at the Parsons Theatre including: Northglenn Youth Theatres 30th season, NYT Jr., NYT Academy classes, Missoula Childrens Theatre 34th year, Northglenn Presents...

4a. Theatre programs were presented at the Parsons Theatre including: Northglenn Youth Theatres 30th season, NYT Jr., NYT Academy classes, Missoula Childrens Theatre 34th year, Northglenn Presents collaborations & Special Events. Approximately 17,308 attended.

Program 2

Expenses: $168,246 Revenue: $27,387

4b. Art on Parade an on-loan sculpture program and competition attracted submissions from around the country. NAHF purchased one sculpture for permanent public display and gifted to City of...

4b. Art on Parade an on-loan sculpture program and competition attracted submissions from around the country. NAHF purchased one sculpture for permanent public display and gifted to City of Northglenn. Public tours provided for free. Grant and donor supported large-scale sculpture commission completed for new City Hall. Approximately 100,374 attended.

Program 3

Expenses: $23,301 Revenue: $384

4c. Free Outdoor Events the Summer Concert and Movie Series, along with the Teddy Bear Picnic played to approximately 2,687 people.

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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 $316,817

Program Service Revenue $0

Investment Income $12,230

Other Revenue $1,111

TOTAL REVENUE $330,158

Expense Breakdown

Grants Paid $2,025

Salaries & Benefits $0

Fundraising Expenses $10,884

Program Expenses $426,027

Other Expenses $455,690

TOTAL EXPENSES $462,335

Year-over-Year Comparison

	2024	2023	Change
Revenue	$330,158	$321,533	+0.0%
Expenses	$462,335	$275,393	+0.7%
Net Income	$-132,177	$46,140	-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

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
Rosie Garner	Director	5.00	Director	$0	$0	$0
Jill Parsons	President	15.00	Officer Director	$0	$0	$0
Catherine Steffen	Treausrer	5.00	Officer Director	$0	$0	$0
Laura Baukol	Secretary	2.00	Officer Director	$0	$0	$0
Donna Cole	Vice President	5.00	Officer Director	$0	$0	$0
Joyce Downing	Director	2.00	Director	$0	$0	$0
Jennifer Nevins	Director	2.00	Director	$0	$0	$0
Jami Bhatti	Director	2.00	Director	$0	$0	$0
Kirsten Tagestad	Director	2.00	Director	$0	$0	$0
Jay Jaramillo	City Liason	1.00	Director	$0	$0	$0
Andrew Vartabedian	Director	5.00	Director	$0	$0	$0
Steven George	Director	5.00	Director	$0	$0	$0
Michael Stricker	Manager	10.00		$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	$330,158	$462,335	$432,786	$-132,177
2023	$321,449	$275,059	$560,879	$46,390
2022	$412,393	$291,749	$521,263	$120,644
2021	$215,388	$187,343	$389,941	$28,045
2020	$252,852	$276,935	$361,807	$-24,083
2019	$258,470	$186,357	$386,281	$72,113
2018	$211,801	$220,885	$314,026	$-9,084