UTAH ARTS FESTIVAL FOUNDATION INC (EIN 870365335) - 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

1979

Legal Domicile

Principal Officer

AIMEE DUNSMORE

Phone

8013222428

Tax Period

2023-10-01 to 2024-09-30

UTAH ARTS FESTIVAL FOUNDATION INC, founded in 1979, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 3% surplus.

Mission

TO PRODUCE THE ANNUAL UTAH ARTS FESTIVAL, FOR THE PURPOSE OF PROMOTING THE ARTS AND ENHANCING THE QUALITY OF LIFE IN UTAH

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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 $896,505

Program Service Revenue $837,601

Investment Income $-834

Other Revenue $12,278

TOTAL REVENUE $1,745,550

Expense Breakdown

Grants Paid $0

Salaries & Benefits $480,522

Fundraising Expenses $14,772

Program Expenses $1,600,890

Other Expenses $1,210,619

TOTAL EXPENSES $1,691,141

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,745,550	$1,607,849	+0.1%
Expenses	$1,691,141	$1,657,136	+0.0%
Net Income	$54,409	$-49,287	-2.1%

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

115

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

$89,327

Total Directors

$89,327

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON GARRETT	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
AIMEE DUNSMORE	EXECUTIVE DIREC	40.00	Officer Director	$89,327	$0	$89,327
BETSY SLAYTON	EMERITUS	2.00	Director	$0	$0	$0
BOB SPRINGMEYER	EMERITUS	2.00	Director	$0	$0	$0
BRUCE BELL	EMERITUS	2.00	Director	$0	$0	$0
CELIA WILLETE	EMERITUS	2.00	Director	$0	$0	$0
CUAUHTEMOC SANDOVAL	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID BATEMAN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
EDWARD B HAVAS	EMERITUS	2.00	Director	$0	$0	$0
JENNIFER MESSER	TREASURER	2.00	Officer Director	$0	$0	$0
JILL GREENWOOD	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSEPH SZURGYI	VICE-CHAIR	2.00	Director	$0	$0	$0
KATHERINE FIFE	BOARD MEMBER	2.00	Director	$0	$0	$0
KENNETH W AMENT	EMERITUS	2.00	Director	$0	$0	$0
LEE GOLDBERG	EMERITUS	2.00	Director	$0	$0	$0
LOREN MICALIZIO	BOARD MEMBER	2.00	Director	$0	$0	$0
MARSHA FETZER	BOARD MEMBER	2.00	Director	$0	$0	$0
RACHEL O'CROWLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
RICH KNICKERBOCKER	BOARD MEMBER	2.00	Director	$0	$0	$0
RICHARD H NORDLUND	EMERITUS	2.00	Director	$0	$0	$0
ROBERT BRADLEY	EMERITUS	2.00	Director	$0	$0	$0
SHANE STROUD	SECRETARY	2.00	Officer Director	$0	$0	$0
SUSAN KOLES RICKMAN	EMERITUS	2.00	Director	$0	$0	$0
TAMARA R PLUTH	EMERITUS	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
2024	$1,745,550	$1,691,141	$606,867	$54,409
2023	$1,607,849	$1,657,136	$291,525	$-49,287
2022	$1,497,242	$1,645,529	$348,898	$-148,287
2021	$1,502,205	$1,343,723	$507,980	$158,482
2020	$406,899	$502,476	$478,342	$-95,577
2019	$1,601,624	$1,542,710	$396,511	$58,914
2018	$1,662,175	$1,611,886	$341,548	$50,289

UTAH ARTS FESTIVAL FOUNDATION INC