SEDONA ARTS CENTER 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

1958

Legal Domicile

Principal Officer

JULIE RICHARD

Phone

9282823809

Tax Period

2023-07-01 to 2024-06-30

SEDONA ARTS CENTER INC, founded in 1958, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum.

Mission

SEDONA ARTS CENTERS MISSION IS TO MAKE THE ARTS A VITAL PART OF LIFE IN THE VERDE VALLEY TO OFFER EDUCATIONAL AND CULTURAL PROGRAMS FOR RESIDENTS AND VISITORS TO PROMOTE AND CELEBRATE THE WORKS OF ARTISTS, PERFORMERS AND CREATIVE PEOPLE TO ADVANCE THE ROLE OF SEDONA AS A CREATIVE PLACE AND A LEADING AMERICAN ARTS COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $191,439 Revenue: $339,425

FINE ART GALLERY DAILY OPERATION OF SEDONAS MOST DIVERSE GALLERY OF VISUAL ARTS AND CRAFT OBJECTS THE PROMOTION OF OVER 100 LOCAL ARTISTS AND THEIR WORKS THE PROGRAMMING OF FREE PUBLIC EXHIBITIONS...

FINE ART GALLERY DAILY OPERATION OF SEDONAS MOST DIVERSE GALLERY OF VISUAL ARTS AND CRAFT OBJECTS THE PROMOTION OF OVER 100 LOCAL ARTISTS AND THEIR WORKS THE PROGRAMMING OF FREE PUBLIC EXHIBITIONS, ARTISTS DEMONSTRATIONS AND GALLERY RELATED EVENTS FOR THE COMMUNITY

Program 2

Expenses: $194,573 Revenue: $254,767

SCHOOL OF THE ARTS OPERATION OF A NATIONALLY RECOGNIZED YEAR ROUND EDUCATIONAL PROGRAM OFFERING ARTS EDUCATION IN PAINTING, SCULPTURE, CERAMICS, MIXED MEDIA AND OTHER CREATIVE DISCIPLINES THE...

SCHOOL OF THE ARTS OPERATION OF A NATIONALLY RECOGNIZED YEAR ROUND EDUCATIONAL PROGRAM OFFERING ARTS EDUCATION IN PAINTING, SCULPTURE, CERAMICS, MIXED MEDIA AND OTHER CREATIVE DISCIPLINES THE PROMOTION OF 200 CLASSES, WORKSHOPS AND CREATIVE DEVELOPMENT OPPORTUNITIES EACH YEAR TO RESIDENTS AND VISITORS IN THE COMMUNITY

Program 3

Expenses: $135,646 Revenue: $236,621

CULTURAL EVENTS PLANNING AND PRESENTING UNIQUE ARTS EVENTS DESIGNED TO MAKE THE COMMUNITY MORE CREATIVE, DIVERSE AND CONNECTED, INCLUDING FESTIVALS, COMMUNITY PARTNERSHIPS, EXHIBITIONS, LECTURES...

CULTURAL EVENTS PLANNING AND PRESENTING UNIQUE ARTS EVENTS DESIGNED TO MAKE THE COMMUNITY MORE CREATIVE, DIVERSE AND CONNECTED, INCLUDING FESTIVALS, COMMUNITY PARTNERSHIPS, EXHIBITIONS, LECTURES, FILM SCREENINGS, ARTS EDUCATION CAMPS AND PERFORMING ARTS EXPERIENCES

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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 $777,264

Program Service Revenue $692,855

Investment Income $11,583

Other Revenue $28,339

TOTAL REVENUE $1,510,041

Expense Breakdown

Grants Paid $0

Salaries & Benefits $728,570

Fundraising Expenses $361,981

Program Expenses $1,113,472

Other Expenses $927,728

TOTAL EXPENSES $1,656,298

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,510,041	$1,158,246	+0.3%
Expenses	$1,656,298	$1,319,509	+0.3%
Net Income	$-146,257	$-161,263	-0.1%

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

N/A

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

$439,195

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BERNADETTE CARROLL	COO	040.00	Key Emp	$142,013	$0	$142,013
JULIE RICHARD	CEO	040.00	Key Emp	$138,834	$0	$138,834
LIZ GREGG	FINANCE MANAGER	040.00	Key Emp	$79,924	$0	$79,924
KELLI KLYMENKO	MARKETING DIRECTOR	040.00	Key Emp	$78,424	$0	$78,424
MELISSA PONTIKES	CHAIRMAN	020.00	Officer Director	$0	$0	$0
BRUCE PEEK	SECRETARY	020.00	Officer Director	$0	$0	$0
TIMI GRIFFIN	TREASURER	020.00	Officer Director	$0	$0	$0
DARLA DeVILLE	BOARD MEMBER	010.00	Director	$0	$0	$0
EDWIN SOUTHWELL	BOARD MEMBER	010.00	Director	$0	$0	$0
DENNIS OTT	BOARD MEMBER	010.00	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
2024	$1,510,041	$1,656,298	$1,452,222	$-146,257
2023	$1,158,246	$1,319,509	$1,603,691	$-161,263
2022	$1,905,448	$1,483,479	$1,750,295	$421,969
2021	$921,148	$826,014	$1,404,794	$95,134
2020	$1,018,699	$1,070,704	$1,226,091	$-52,005
2019	$1,068,732	$1,061,052	$1,173,577	$7,680