West Valley City, UT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
West Valley Arts provides opportunities to learn, experience, and celebrate arts, culture, and community.
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...
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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