FLAGSTAFF ARTS COUNCIL INC

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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

1984

Legal Domicile

Principal Officer

KATHLEEN MCGEEVER

Phone

9287792300

Tax Period

2024-07-01 to 2025-06-30

FLAGSTAFF ARTS COUNCIL INC, founded in 1984, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

THE FLAGSTAFF ARTS COUNCIL PROMOTES, STRENGTHENS AND ADVOCATES FOR THE ARTS IN OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $777,715 Revenue: $499,119

SERVICES OF THE ARTS COUNCIL FOR THE CITY OF FLAGSTAFF CONTRACT. PROVIDING GRANTS TO 38 ARTS AND SCIENCE ORGANIZATIONS.

Program 2

Expenses: $293,146

EXHIBITIONS OF ARTS AND SCIENCES.

Program 3

Expenses: $74,201

VARIOUS SMALLER SHOWS/EVENTS/CONCERTS OF ARTISTIC OR SCIENTIFIC NATURE.

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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 $1,041,714

Program Service Revenue $201,920

Investment Income $4,308

Other Revenue $59,868

TOTAL REVENUE $1,307,810

Expense Breakdown

Grants Paid $499,119

Salaries & Benefits $458,586

Fundraising Expenses $30,997

Program Expenses $1,145,062

Other Expenses $366,790

TOTAL EXPENSES $1,324,495

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,307,810	$1,432,873	-0.1%
Expenses	$1,324,495	$1,816,010	-0.3%
Net Income	$-16,685	$-383,137	-1.0%

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

Total Directors

$80,797

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE COMNICK	EXECUTIVE DIRECTOR	40.00	Director	$80,797	$0	$80,797
JAMEY HASAPIS	PAST PRESIDENT	3.00	Director	$0	$0	$0
AUDRA TRAVELBEE	BOARD MEMBER	1.00	Director	$0	$0	$0
ALICE CHRISTIE	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHONY GARCIA	BOARD MEMBER	1.00	Director	$0	$0	$0
JIHAN GEARON	BOARD MEMBER	1.00	Director	$0	$0	$0
JAEWOOK LEE	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEJANDRA MARIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JAY MERCADO	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID MCINTIRE	BOARD MEMBER	1.00	Director	$0	$0	$0
CATHERINE PETERSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
BECKY PRATT-STURGES	BOARD MEMBER	1.00	Director	$0	$0	$0
STAN SUTHERLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
CAITLIN BURD	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN WALTER	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIELLE ADAMS	SECRETARY	3.00	Officer Director	$0	$0	$0
KATHLEEN MCGEEVER	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
KEVIN GUSTAFSON	TREASURE	3.00	Officer Director	$0	$0	$0
CALEB CORDASCO	PRESIDENT	3.00	Officer 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	$1,307,810	$1,324,495	$589,965	$-16,685
2024	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,140,854	$1,491,018	$1,212,966	$-350,164
2022	$1,163,728	$949,058	$1,532,974	$214,670
2021	$873,786	$800,745	$449,865	$73,041
2020	$799,165	$799,038	$365,409	$127
2019	$824,302	$832,861	$442,022	$-8,559