SANTA FE ART INSTITUTE INC (EIN 850404277) - 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

1992

Legal Domicile

Principal Officer

AARON PAYNE

Phone

5054245050

Tax Period

2023-01-01 to 2023-12-31

SANTA FE ART INSTITUTE INC, founded in 1992, is a small nonprofit in the Education sector that reported $485K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $995K exceeded revenue, resulting in a 105% operating deficit.

Mission

FORGING CRITICAL INQUIRY AND CREATIVE EXCHANGE AMONG ARTISTS TO INSPIRE INDIVIDUAL TRANSFORMATION AND INFORM COLLECTIVE ACTION.

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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 $251,968

Program Service Revenue $17,332

Investment Income $213,381

Other Revenue $2,106

TOTAL REVENUE $484,787

Expense Breakdown

Grants Paid $30,205

Salaries & Benefits $472,038

Fundraising Expenses $27,029

Program Expenses $634,610

Other Expenses $492,887

TOTAL EXPENSES $995,130

Year-over-Year Comparison

	2023	2022	Change
Revenue	$484,787	$560,116	-0.1%
Expenses	$995,130	$831,272	+0.2%
Net Income	$-510,343	$-271,156	+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

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

$124,801

Total Directors

$124,801

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIE WILKINSON	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD MARTINEZ	TREASURER	1.00	Officer Director	$0	$0	$0
NICOLE FELIZ OKUMU	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ELIZABETH BURDEN	TRUSTEE	1.00	Director	$0	$0	$0
KARIN FYRHLE	TRUSTEE	1.00	Director	$0	$0	$0
RAY LANDY	SECRETARY	1.00	Officer Director	$0	$0	$0
AARON PAYNE	CHAIR	1.00	Officer Director	$0	$0	$0
ZACHARY LEONARD	TRUSTEE	1.00	Director	$0	$0	$0
JEREMY ZILAR	TRUSTEE	1.00	Director	$0	$0	$0
JAMIE BLOSSER	EXECUTIVE DIRECTOR	40.00	Officer Director	$124,801	$0	$124,801

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	No data	No data	No data	No data
2023	$484,787	$995,130	$3,425,379	$-510,343
2022	$560,116	$831,272	$3,882,221	$-271,156
2021	$733,442	$800,775	$4,428,299	$-67,333
2020	$390,966	$755,168	$4,173,498	$-364,202
2019	$837,736	$808,491	$4,069,256	$29,245
2018	$561,835	$841,993	$3,801,177	$-280,158

SANTA FE ART INSTITUTE INC