SITKA FINE ARTS ENDOWMENT (EIN 832623463) - 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

2018

Legal Domicile

Principal Officer

SAM SKAGGS

Phone

9077473085

Tax Period

2023-01-01 to 2023-12-31

SITKA FINE ARTS ENDOWMENT, founded in 2018, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $3K in total revenue in fiscal year 2023. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $48K exceeded revenue, resulting in a 1658% operating deficit.

Mission

TO BUILD AND MANAGE AN ENDOWMENT FOR ALASKA ARTS SOUTHEAST, INC.

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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 $2,370

Program Service Revenue $0

Investment Income $370

Other Revenue $0

TOTAL REVENUE $2,740

Expense Breakdown

Grants Paid $47,509

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $48,164

Other Expenses $655

TOTAL EXPENSES $48,164

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,740	$169,434	-1.0%
Expenses	$48,164	$48,491	0.0%
Net Income	$-45,424	$120,943	-1.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAM SKAGGS	PRESIDENT	N/A	Officer Director	$0	$0	$0
OSKAR YAO	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
W SCOTT DAVIS	CO-TREASURER	N/A	Officer Director	$0	$0	$0
STAN BARGE	CO-TREASURER	N/A	Officer Director	$0	$0	$0
ROGER SCHMIDT	SECRETARY	N/A	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,740	$48,164	$1,166,137	$-45,424
2022	$169,434	$48,491	$1,033,722	$120,943
2021	$30,567	$46,453	$1,137,087	$-15,886
2020	$-70,875	$20,201	$985,731	$-91,076

SITKA FINE ARTS ENDOWMENT