Palmer Lake, CO
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)TRI LAKES CENTER FOR THE ARTS, founded in 1998, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $71K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Net assets of $944K represent 158 months of operating reserves.
maintaining a facility to provide arts, music, and educational programs
Since reopening after the pandemic closure, the Tri-Lakes Center for the Arts fine art exhibitions have resulted in art sales that have provided thousands of dollars in sales commissions to local...
Since reopening after the pandemic closure, the Tri-Lakes Center for the Arts fine art exhibitions have resulted in art sales that have provided thousands of dollars in sales commissions to local artists, who had previously been struggling to make ends meet. In addition, performing artists, who had been without work for approximately a year and a half, have been paid for their performances. Per longtime economic studies, local businesses benefit from the Tri-Lakes Center for the Arts events. It has been noted that before or after a concert event or gallery opening reception, local restaurants and stores realize an additional $25 per person in business sales. Neighboring Palmer Lake establishments readily acknowledge such benefits in conjunction with Tri-Lakes Center for the Arts artistic presentations.
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 | $71,496 | $135,999 | -0.5% |
| Expenses | $73,038 | $139,187 | -0.5% |
| Net Income | $-1,542 | $-3,188 | -0.5% |
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 |
|---|---|---|---|---|---|---|
| Michael Maddox | Executive Director | 40 |
Officer
Key Emp
Highest
|
$23,885 | $0 | $23,885 |
| Carla Maddox | Executive Assistant / Secretary | 20 |
Key Emp
|
$650 | $0 | $650 |
| Jesse Maddox | President of the Board | 10 |
Officer
|
$300 | $0 | $300 |
| Debra Maddox | Secretary | 10 |
Officer
|
$0 | $0 | $0 |
| Linda King | Officer | 5 |
Officer
|
$0 | $0 | $0 |
| Maggie Williamson | Officer | 2 |
Officer
|
$0 | $0 | $0 |
| Anthony Pignatiello | Officer | 2 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $71,496 | $73,038 | $1,033,753 | $-1,542 |
| 2023 | $135,999 | $139,187 | $1,033,281 | $-3,188 |
| 2022 | $209,199 | $198,473 | $350,742 | $10,726 |
| 2020 | $118,356 | $137,128 | $397,467 | $-18,772 |
Compare TRI LAKES CENTER FOR THE ARTS with other nonprofits in Colorado and across the country.