Carson Valley Arts Council

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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

2004

Legal Domicile

Principal Officer

Brian Fitzgerald

Phone

7757828207

Tax Period

2024-07-01 to 2025-06-30

Carson Valley Arts Council, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $165K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $158K left a modest 4% surplus.

Mission

The mission of the Carson Valley Arts Council is to create a climate for the arts through the presentation and promotion of cultural and educational events for the Carson Valley youth and community and the greater Western Nevada/Lake Tahoe Region.

Program Service Accomplishments

Program 1

Expenses: $66,577 Revenue: $66,577

All other program service achievments. Art incubator program provides space and support for local cultural and art activities. Support for other program activities included in expenses.

Program 2

Expenses: $15,000 Revenue: $15,000

Douglas County line item in annual budget for operating support

Program 3

Expenses: $11,000 Revenue: $11,000

Nevada Arts Council Partners in Excellence Grant. Purpose of grant was operating support. Program Matching grant with CVAC. Two year grant. First half was received in prior fiscal year. Second half...

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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 (2024)

Revenue Breakdown

Contributions & Grants $66,471

Program Service Revenue $57,160

Investment Income $281

Other Revenue $40,731

TOTAL REVENUE $164,643

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $110,962

Other Expenses $157,789

TOTAL EXPENSES $157,789

Year-over-Year Comparison

	2024	2023	Change
Revenue	$164,643	$190,276	-0.1%
Expenses	$157,789	$121,197	+0.3%
Net Income	$6,854	$69,079	-0.9%

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

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
Brian Fitzgerald	President	15.00	Officer Director	$0	$0	$0
Sharon Schlegel	Treasurer and Exec Director	25.00	Officer Director	$0	$0	$0
Sharon Hoelscher Day	Director	10.00	Director	$0	$0	$0
Margarett Biggs	Director	0.00	Director	$0	$0	$0
Dave Rich	Director	0.00	Director	$0	$0	$0
Irene Taylor	Director	0.00	Director	$0	$0	$0
Teri Sweeney	Director	0.00	Director	$0	$0	$0
Roger Kinnaman	Director	0.00	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	$164,643	$157,789	$1,902,160	$6,854
2024	$190,276	$121,197	$1,903,457	$69,079
2023	$181,332	$138,123	$1,851,273	$43,209
2023	$181,332	$138,123	$1,851,273	$43,209
2022	$155,390	$117,645	$1,849,075	$37,745
2021	$151,480	$79,985	$1,838,304	$71,495
2020	$110,021	$103,043	$1,805,837	$6,978
2019	$744,172	$128,955	$1,799,734	$615,217
2018	$100,144	$115,765	$1,809,124	$-15,621