Fraser Valley Arts (EIN 861434705) - 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

2022

Legal Domicile

Principal Officer

Steve Fitzgerald

Phone

2033134152

Tax Period

2024-01-01 to 2024-12-31

Fraser Valley Arts, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $232K in total revenue in fiscal year 2024. The organization ran a surplus of $182K, a strong 79% operating margin.

Mission

Fraser Valley Arts is a 501c3 non-profit organization formed in January of 2021 with the mission to build promote and sustain creative endeavors across the Fraser Valley. The ultimate goal is to fund the creation of the Fraser Center for Creative Arts.

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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 $199,189

Program Service Revenue $0

Investment Income $1,541

Other Revenue $31,313

TOTAL REVENUE $232,043

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $38,109

Other Expenses $49,853

TOTAL EXPENSES $49,853

Year-over-Year Comparison

	2024	2023	Change
Revenue	$232,043	N/A	N/A
Expenses	$49,853	N/A	N/A
Net Income	$182,190	$0	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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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
Steve Fitzgerald	President	15.00	Officer	$0	$0	$0
April Obermeyer	Vice President	5.00	Officer	$0	$0	$0
Callie McDermott	Secretary	5.00	Officer	$0	$0	$0
Kevin Rifkin	Treasurer	5.00	Officer	$0	$0	$0
DiAnn Butler	Member at Large	1.00	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	$232,043	$49,853	$412,852	$182,190

Fraser Valley Arts