ART GUILD OF FAYETTEVILLE TEXAS

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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

2003

Legal Domicile

Principal Officer

KIM PLEMONS

Phone

9793782113

Tax Period

2024-01-01 to 2024-08-31

ART GUILD OF FAYETTEVILLE TEXAS, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $278K in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $405K exceeded revenue, resulting in a 46% operating deficit.

Mission

THE MISSION OF ARTS FOR RURAL TEXAS IS TO ENRICH LIVES THROUGH ART AND ART EDUCATION WITH AN EMPHASIS ON PROVIDING OPPPORTUNITIES FOR CHILDREN.

Program Service Accomplishments

Program 1

Expenses: $14,422 Revenue: $4,850

FINE ART ASSEMBLIESTIME AND EXPENSES CAN PROHIBIT TRANSPORTING REGIONAL CHILDREN TO METROPOLITAN AREAS TO BE IMMERSED IN ART AND ART EDUCATION. AS A RESPONSE, ARTS COORDINATES WITH PERFORMING ARTISTS ON THE TEXAS COMMISSION ON THE ARTS TOURING ROSTER TO PROVIDE FREE LIVE PERFORMANCES TO SCHOOLS IN RURAL TEXAS. DURING THE SHORT YEAR RETURN DATES OF 1/1/24 TO 8/31/24 ALONE, APPROXIMATELY 736 CHILDREN AND 80 ADULTS ATTENDED THESE PERFORMANCES IN FOUR RURAL TEXAS LOCATIONS.

Program 2

Expenses: $114,478 Revenue: $24,325

ART SUMMER CAMPARTS' SUMMER CAMPS PROVIDE WEEK-LONG IMMERSIVE EXPERIENCES FOR CHILDREN IN A CREATIVE SPACE TO ENABLE YOUNG ARTISTS TO LEARN AND DISCOVER MANY ART FORMS SUCH AS PAINTING, SKETCHING...

ART SUMMER CAMPARTS' SUMMER CAMPS PROVIDE WEEK-LONG IMMERSIVE EXPERIENCES FOR CHILDREN IN A CREATIVE SPACE TO ENABLE YOUNG ARTISTS TO LEARN AND DISCOVER MANY ART FORMS SUCH AS PAINTING, SKETCHING, PHOTOGRAPHY, DIGITAL ARTS, QUILTING, ASSEMBLAGE, FIBER ARTS, THEATRE, MUSIC, GARDENING, AND JEWELRY MAKING. THERE WERE 39 SUMMER ART CAMPS OFFERED IN SIX LOCATIONS OF RURAL TEXAS IN THE SUMMER OF 2024, OF WHICH, 321 CHILDREN WERE IN ATTENDANCE.

Program 3

Expenses: $85,460 Revenue: $355

ARTS AFTER SCHOOLTHE ART AFTER SCHOOL CLASSES PROVIDED BY ARTS ARE FREE TO FAMILIES AND TAUGHT BY LOCAL ARTISTS, MUSICIANS, AND EDUCATORS TO INTRODUCE CHILDREN TO VARIOUS FORMS OF ART WHILE...

ARTS AFTER SCHOOLTHE ART AFTER SCHOOL CLASSES PROVIDED BY ARTS ARE FREE TO FAMILIES AND TAUGHT BY LOCAL ARTISTS, MUSICIANS, AND EDUCATORS TO INTRODUCE CHILDREN TO VARIOUS FORMS OF ART WHILE ENCOURAGING CREATIVITY IN A FUN AND SAFE ENVIRONMENT. IN THE SPRING SEMESTER OF 2024 ALONE, THE ART AFTER SCHOOL PROGRAM OFFERED 30 CLASSES AND SERVED 324 STUDENTS IN GRADES 1ST THROUGH 12TH IN NINE RURAL TEXAS LOCATIONS.

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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 $225,295

Program Service Revenue $39,281

Investment Income $3,056

Other Revenue $10,019

TOTAL REVENUE $277,651

Expense Breakdown

Grants Paid $0

Salaries & Benefits $213,621

Fundraising Expenses $4,073

Program Expenses $214,360

Other Expenses $191,471

TOTAL EXPENSES $405,092

Year-over-Year Comparison

	2024	2023	Change
Revenue	$277,651	$653,035	-0.6%
Expenses	$405,092	$661,995	-0.4%
Net Income	$-127,441	$-8,960	+13.2%

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
ALISA ROWE	DIRECTOR	2.00	Director	$0	$0	$0
PAM DOTY	DIRECTOR	2.00	Director	$0	$0	$0
KAREN BOOKOUT	DIRECTOR	2.00	Director	$0	$0	$0
KIM PLEMONS	DIRECTOR/TREASURER	4.00	Officer Director	$0	$0	$0
PAM BROOKS	DIRECTOR/VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
KIMBERLY GARWOOD	DIRECTOR/SECRETARY	4.00	Officer Director	$0	$0	$0
LEAANN WALKER	DIRECTOR/PRESIDENT	4.00	Officer Director	$0	$0	$0
LINDA JONES	DIRECTOR	2.00	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	No data	No data	No data	No data
2024	$277,651	$405,092	$1,070,780	$-127,441
2023	$653,035	$656,690	$1,201,106	$-3,655
2022	$603,548	$593,429	$1,189,669	$10,119
2021	$458,615	$371,534	$1,177,602	$87,081
2020	$429,059	$277,906	$1,089,328	$151,153
2019	$537,586	$272,726	$942,721	$264,860
2018	$338,628	$239,395	$689,611	$99,233