Arizona Citizens for the Arts (EIN 860406284) - 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

1981

Legal Domicile

Phone

6022536535

Tax Period

2023-07-01 to 2024-06-30

Arizona Citizens for the Arts, founded in 1981, is a small nonprofit in the Arts, Culture & Humanities sector that reported $170K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $239K exceeded revenue, resulting in a 40% operating deficit.

Mission

To promote awareness of the importance and impact of the Arizona arts and culture to quality of life, educational excellence, and economic vitality, and to promote more public and private support for the arts and culture sector.

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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 $207,108

Program Service Revenue $0

Investment Income $0

Other Revenue $-36,651

TOTAL REVENUE $170,457

Expense Breakdown

Grants Paid $0

Salaries & Benefits $161,373

Fundraising Expenses $17,154

Program Expenses $192,494

Other Expenses $77,330

TOTAL EXPENSES $238,703

Year-over-Year Comparison

	2023	2022	Change
Revenue	$170,457	$335,175	-0.5%
Expenses	$238,703	$210,329	+0.1%
Net Income	$-68,246	$124,846	-1.5%

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

$105,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patrick McWhortor	CEO	40	Officer	$105,000	$0	$105,000
Russ Jones	Chair	5	Officer Director	$0	$0	$0
Rose Ann Forte	Vice Chair	2	Officer Director	$0	$0	$0
Eric McCarthy	Treasurer	2	Officer Director	$0	$0	$0
Dawn Alexander	Secretary	2	Officer Director	$0	$0	$0
Sam Campana	Emeritus Member	2	Director	$0	$0	$0
Backy Daggett	Member	2	Director	$0	$0	$0
Daniel Ortega	Member	2	Director	$0	$0	$0
Julie Richard	Member	2	Director	$0	$0	$0
Matt Rolland	Member	2	Director	$0	$0	$0
Fernando Shipley	Member	2	Director	$0	$0	$0
Mary Way	Member	2	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
2024	$170,457	$238,703	$91,656	$-68,246
2023	$335,175	$210,329	$161,836	$124,846
2021	$236,236	$153,307	$59,584	$82,929
2020	$238,276	$285,189	$17,397	$-46,913
2019	$244,083	$281,709	$17,965	$-37,626

Arizona Citizens for the Arts