AUGUSTANA ARTS INC

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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

1997

Legal Domicile

Principal Officer

John Richardson

Phone

3033884962

Tax Period

2023-07-01 to 2024-06-30

AUGUSTANA ARTS INC, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $218K in total revenue in fiscal year 2023.

Mission

We bridge the gap between audience and artist so that all feel welcome and are able to experience the arts in a deeper, more meaningful way.

Program Service Accomplishments

Program 1

Expenses: $68,171 Revenue: $62,973

Music Encounters was formed in 2002 to offer violin and cello instruction to economically disadvantaged children in six schools and community sites in the Denver metro area. The program provided...

Music Encounters was formed in 2002 to offer violin and cello instruction to economically disadvantaged children in six schools and community sites in the Denver metro area. The program provided musical instruction to 85 at-risk children as well as enhancing skills in self-discipline and confidence. While enrollment is back to pre-pandemic levels, the number of schools offering the program is reduced from pre-pandemic levels. However, new schools are being added as the year progresses.

Program 2

Expenses: $65,616 Revenue: $11,091

Augustana Arts supports musical performance opportunities through the Stratus Chamber Orchestra which engages 40 community musicians who share a vision of performing the finest musical experiences in innovative settings. Stratus provided five live concerts for a total audience of 651 during the fiscal year ended June 30, 2024.

Program 3

Expenses: $3,089 Revenue: $5,841

The Augustana Arts concert series presents locally and nationally acclaimed musicians in a wide variety of concerts presented at Augustana Lutheran Church as well as managing independent concerts at the church. Four live concerts were presented to a total of 558 audience members during the fiscal year ended June 30, 2024.

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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 $192,602

Program Service Revenue $24,118

Investment Income $66

Other Revenue $1,333

TOTAL REVENUE $218,119

Expense Breakdown

Grants Paid $0

Salaries & Benefits $146,023

Fundraising Expenses $51,210

Program Expenses $136,876

Other Expenses $70,086

TOTAL EXPENSES $231,375

Year-over-Year Comparison

	2023	2022	Change
Revenue	$218,119	$213,672	+0.0%
Expenses	$231,375	$248,926	-0.1%
Net Income	$-13,256	$-35,254	-0.6%

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

Governance

Voting Members

Independent Members

Employees

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

$65,000

Total Directors

$27,500

Key Employees

$37,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sara Hare	Executive Director	40	Officer Key Emp Highest	$37,500	$0	$37,500
Lynn Nestingen	Executive Director	40	Officer Director	$27,500	$0	$27,500
Bill Crossen	Treasurer	5	Officer Director	$0	$0	$0
Karen Aarestad	Secretary	2	Officer Director	$0	$0	$0
Sarah Bjornebo	Director	2	Director	$0	$0	$0
Art Van Dyck	Vice President	2	Director	$0	$0	$0
David Farrell	Director	2	Director	$0	$0	$0
Karen Ullestad	Director	2	Director	$0	$0	$0
John Richardson	Board Chair and President	5	Officer Director	$0	$0	$0
Andy Peters	ExOfficio Director	2.00		$0	$0	$0
Gail Mundt	ExOfficio Director	2.00		$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
2025	No data	No data	No data	No data
2024	$218,119	$231,375	$86,369	$-13,256
2023	$213,672	$248,926	$98,768	$-35,254
2022	$238,209	$211,983	$135,257	$26,226
2021	$219,708	$149,312	$108,419	$70,396