West Valley Arts Foundation

EIN: 800783246 501(c)(3) Philanthropy & Grantmaking

West Valley City, UT

Total Revenue
$593,440
Total Expenses
$1,491,862
Total Assets
$8,423
Net Assets
$-1,855,925
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
UT
Principal Officer
ANDREW CARROL
Phone
8019633507
Tax Period
2023-07-01 to 2024-06-30

West Valley Arts Foundation, founded in 2012, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $593K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 151% operating deficit.

Mission

West Valley Arts provides opportunities to learn, experience, and celebrate arts, culture, and community.

Program Service Accomplishments

Program 1
Expenses: $1,292,147 Revenue: $329,498

The West Valley Arts Foundation (WVA) offers a diverse array of programs that enrich the cultural landscape of West Valley City and the broader Salt Lake City area. The center's three primary program...

Read more

The West Valley Arts Foundation (WVA) offers a diverse array of programs that enrich the cultural landscape of West Valley City and the broader Salt Lake City area. The center's three primary program services, as measured by expenses, are: 1. Theatre Productions and PerformancesWVA serves as a hub for high-quality theatrical experiences, featuring a variety of productions that cater to diverse audiences. The center's intimate theatre-in-the-round, with 500 fixed stadium seats, enhances audience engagement by providing close proximity between performers and spectators. Notable productions have included "A Tale of Two Cities", Shakespear in Love", "The Lightning Thief", "Legally Blonde", and "Jekyll & Hyde". These performances have garnered critical acclaim, with the center being recognized as the Best Semi-Professional Theatre in 2023 by Broadway World. 2. Educational Programs WVA is committed to fostering creativity and artistic expression through its educational initiatives. The center offers a range of classes and workshops designed for various age groups, including children, youth, and adults. These programs aim to cultivate the next generation of artists and provide opportunities for community members to engage with the arts. The center also emphasizes inclusivity, ensuring that arts eduction is accessible to all residents, regardless of background or experience level. 3. Special EventsBeyond its regular theatrical productions, WVA hosted a variety of special events that celebrate cultural diversity and community engagement. These events include concerts, art exhibitions, and community celebrations, such as the WorldStage Concert Series and the Dia de los Muertos (Day of the Dead) Celebration. These events provide platforms for local artists and performers to showcase their talents and offer residents opportunities to experience a wide range of cultural expressions. Through these program services, the West Valley Arts Foundation plays a pivotal role in enriching the cultural fabric of the community, offering residents and visitors alike opportunities to experience, learn, and celebrate the arts.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $263,942
Program Service Revenue $329,498
Investment Income $0
Other Revenue $0
TOTAL REVENUE $593,440

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,292,147
Other Expenses $1,491,862
TOTAL EXPENSES $1,491,862

Year-over-Year Comparison

2023 2022 Change
Revenue $593,440 $800,179 -0.3%
Expenses $1,491,862 $1,040,054 +0.4%
Net Income $-898,422 $-239,875 +2.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
11
Independent Members
5
Employees
N/A
Volunteers
520

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
6
$822,177
Total Directors
13
$1,393,995
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WAYNE PYLE PAST PRESIDENT 1.00
Director
$0 $72,251 $369,131
J ERIC BUNDERSON LEGAL COUNCIL 1.00
$0 $58,982 $255,944
JIM WELCH Treasurer 1.00
Officer Director
$0 $54,655 $243,957
NANCY DAY FORMER MEMBER 1.00
Director
$0 $31,747 $202,687
ANDREW CARROL Chairman 1.00
Officer Director
$0 $35,935 $187,009
JEFF OLSEN Executive Dir. 8.00
Officer Director
$0 $42,467 $166,913
JAMIE YOUNG VICE CHAIRMAN 1.00
Officer Director
$0 $23,770 $133,358
TERA SMITH Secretary 1.00
Officer Director
$0 $30,859 $90,940
SAM JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
DON JERSEY BOARD MEMBER 1.00
Director
$0 $0 $0
ERIN CARLSON BOARD MEMBER 1.00
Director
$0 $0 $0
LAURIE STRINGHAM BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH WEIGHT BOARD MEMBER 1.00
Director
$0 $0 $0
IFO PILI President 0.00
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 $593,440 $1,491,862 $8,423 $-898,422
2023 $800,179 $1,040,054 $23,508 $-239,875
2022 $795,812 $1,584,382 $37,970 $-788,570
2021 $670,313 $633,583 $73,947 $36,730
Explore More Nonprofits
Top 100 Nonprofits in Utah Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare West Valley Arts Foundation with other nonprofits in Utah and across the country.