ESPANOLA VALLEY FIBER ARTS CENTER

EIN: 850442395 501(c)(3) Arts, Culture & Humanities

ESPANOLA, NM

Total Revenue
$186,150
Total Expenses
$296,607
Total Assets
$289,137
Net Assets
$247,006
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
NM
Principal Officer
KIMBERLY ZITZOW
Phone
5057443577
Tax Period
2024-01-01 to 2024-12-31

ESPANOLA VALLEY FIBER ARTS CENTER, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $186K in total revenue in fiscal year 2024. Expenses of $297K exceeded revenue, resulting in a 59% operating deficit.

Mission

PRIMARY EXEMPT PURPOSE THE ESPANOLA VALLEY FIBER ARTS CENTER (EVFAC) IS A UNIQUE RESOURCE FOR FIBER ARTISTS AND THOSE WHO FIND BEAUTY IN THE FIBER ARTS. VISITORS TO THE ADOBE STOREFRONT IN THE HISTORIC DISTRICT OF ESPANOLA ENTER A WORLD OF LOOMS, COLORFUL YARNS, BEAUTIFUL HANDMADE TEXTILES, BOOKS, AND SUPPLIES. EVFACS MISSION IS TO CULTIVATE AND SUPPORT ACCESSIBLE, MULTI-GENERATIONAL PARTICIPATION IN LOCAL, TRADITIONAL AND CONTEMPORARY FIBER ARTS.

Program Service Accomplishments

Program 1
Expenses: $41,545 Revenue: $94,621

EDUCATION: DEVELOPING EXPERTISE IN FIBER ARTS FOR ADULTS AND YOUTH THROUGH A DIVERSE EDUCATION PORTFOLIO. OFFERINGS INCLUDE CLASSES, WORKSHOPS, AND LECTURES ON VARIOUS FIBER ARTS TOPICS. PROGRAMS...

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EDUCATION: DEVELOPING EXPERTISE IN FIBER ARTS FOR ADULTS AND YOUTH THROUGH A DIVERSE EDUCATION PORTFOLIO. OFFERINGS INCLUDE CLASSES, WORKSHOPS, AND LECTURES ON VARIOUS FIBER ARTS TOPICS. PROGRAMS INCLUDE WALK IN & WEAVE TO ENGAGE NEW WEAVERS, A YOUTH SUMMER FIBER ARTS CAMP, A GRANT-FUNDED CHIMAYO WEAVING APPRENTICESHIP TO TRAIN NEW PRODUCTION WEAVERS IN THIS LOCAL HERITAGE CRAFT, A RIGID HEDDLE TEACHER TRAINING FOR PUBLIC SCHOOL TEACHERS AND AN INTERNSHIP PROGRAM WHERE WE HOST A LOCAL COLLEGE STUDENT FOR TEN WEEKS PER SEMESTER. ADULT CLASSES ARE HELD NEARLY EVERY WEEKEND YEAR-ROUND, AS WELL AS THROUGH OUTREACH AND COLLABORATIONS WITH ESTABLISHED INSTITUTIONS AND YOUTH ORGANIZATIONS.

Program 2
Expenses: $7,735

SUSTAINABILITY: SUPPORTING LOCAL ECONOMIC GROWTH BY OFFERING SALES OPPORTUNITIES FOR MEMBER ARTISTS PRODUCING FIBER GOODS IN OUR RETAIL SPACE, AND PROVIDING PAID TEACHING ROLES FOR ARTISTS THROUGH...

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SUSTAINABILITY: SUPPORTING LOCAL ECONOMIC GROWTH BY OFFERING SALES OPPORTUNITIES FOR MEMBER ARTISTS PRODUCING FIBER GOODS IN OUR RETAIL SPACE, AND PROVIDING PAID TEACHING ROLES FOR ARTISTS THROUGH CLASSES AND WORKSHOPS. OUR BRICK-AND-MORTAR LOCATION ALSO SUPPLIES THE EDUCATIONAL PROGRAMS AND MEETS THE NEEDS OF THE LOCAL WEAVING COMMUNITY, INCLUDING MARKET VENDORS. WE CREATE ADDITIONAL ECONOMIC IMPACT THROUGH SEASONAL PROGRAMS SUCH AS THE ANNUAL FALL FIBER FIESTA, EXHIBITIONS, AND PROFESSIONAL DEVELOPMENT SUCH AS TRAININGS AND APPRENTICESHIPS FOR FIBER ARTISTS.

Program 3
Expenses: $7,637

COMMUNITY ENGAGEMENT: PROMOTING THE HERITAGE FIBER CRAFTS OF NORTHERN NEW MEXICO AND THE WORK OF EVFAC TO LOCALS AND TOURISTS ALIKE. OUR EVENTS AND PROGRAMS CONNECT EVERYONE IN THE FIBER...

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COMMUNITY ENGAGEMENT: PROMOTING THE HERITAGE FIBER CRAFTS OF NORTHERN NEW MEXICO AND THE WORK OF EVFAC TO LOCALS AND TOURISTS ALIKE. OUR EVENTS AND PROGRAMS CONNECT EVERYONE IN THE FIBER ECOSYSTEMFROM SHEPHERDS AND ARTISTS TO VISITORSWHILE CREATING OPPORTUNITIES FOR LOCAL ARTISTS. ALL ACTIVITIES ARE OPEN TO THE PUBLIC.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $90,318
Program Service Revenue $94,621
Investment Income $549
Other Revenue $662
TOTAL REVENUE $186,150

Expense Breakdown

Grants Paid $0
Salaries & Benefits $105,922
Fundraising Expenses $0
Program Expenses $195,035
Other Expenses $190,685
TOTAL EXPENSES $296,607

Year-over-Year Comparison

2024 2023 Change
Revenue $186,150 N/A N/A
Expenses $296,607 N/A N/A
Net Income $-110,457 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
212
Employees
3
Volunteers
18

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
8
$95,270
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBBIE HARRIS RETAIL MANAG 40.00
Officer
$44,386 $0 $44,386
KIMBERLY ZITZOW DIRECTOR 30.00
Officer
$42,597 $0 $42,597
MICHELLE PEIXINHO RETAIL ASSOC 14.00
Officer
$8,287 $0 $8,287
LEIGH ALEXANDER TREASURER 4.00
Officer
$0 $0 $0
MARK BOND VICE PRESIDE 1.00
Officer
$0 $0 $0
DAIN DALLER PRESIDENT 1.00
Officer
$0 $0 $0
MARIA JONSSON SECRETARY 1.00
Officer
$0 $0 $0
ROY KADY BOARD MEMBER 1.00
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 $186,150 $296,607 $289,137 $-110,457
2018 $399,106 $445,671 $409,330 $-46,565
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