Colorado Springs Fine Arts Center Foundation

EIN: 841303516 501(c)(3) Arts, Culture & Humanities

Colorado Springs, CO

Total Revenue
$1,213,574
Total Expenses
$890,274
Total Assets
$19,373,103
Net Assets
$18,947,045
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
CO
Principal Officer
R Thayer Tutt JR
Phone
7196337733
Tax Period
2024-01-01 to 2024-12-31

Colorado Springs Fine Arts Center Foundation, founded in 1996, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 330% from the prior year, signaling strong growth momentum. The organization ran a surplus of $323K, a strong 27% operating margin.

Mission

Manage certain assets for the benefit of the colorado springs fine arts center at colorado college.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,900
Program Service Revenue $0
Investment Income $1,210,674
Other Revenue $0
TOTAL REVENUE $1,213,574

Expense Breakdown

Grants Paid $823,100
Salaries & Benefits $250
Fundraising Expenses $0
Program Expenses $823,100
Other Expenses $66,924
TOTAL EXPENSES $890,274

Year-over-Year Comparison

2024 2023 Change
Revenue $1,213,574 $282,254 +3.3%
Expenses $890,274 $863,188 +0.0%
Net Income $323,300 $-580,934 -1.6%
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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
10

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
4
$0
Total Directors
10
$250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cathy Holaday Board Member (To 9/2024) 1.0
Director
$250 $0 $250
R Thayer Tutt JR President 1.0
Officer Director
$0 $0 $0
Ron Brasch Secretary 1.0
Officer Director
$0 $0 $0
Trent Stafford Treasurer 1.0
Officer Director
$0 $0 $0
Blake Wilson Board Member 1.0
Director
$0 $0 $0
Greg Papineau Board member 1.0
Director
$0 $0 $0
Martha Marzolf Board Member 1.0
Director
$0 $0 $0
Mike Edmonds Board Member 1.0
Director
$0 $0 $0
Susie Burghart Board Member (From 11/2024) 1.0
Director
$0 $0 $0
William Nelson Board Member (From 2/2024) 1.0
Director
$0 $0 $0
Connie Rickard Asst Secretary 4.0
Officer
$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 $1,213,574 $890,274 $19,373,103 $323,300
2023 $282,254 $863,188 $18,380,215 $-580,934
2022 $962,979 $1,107,469 $16,822,977 $-144,490
2021 $1,604,931 $856,426 $21,481,423 $748,505
2020 $275,419 $17,014,138 $22,489,426 $-16,738,719
2018 $1,510,791 $788,679 $19,275,204 $722,112
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