SALT LAKE ARTS COUNCIL FOUNDATION

EIN: 870386724 501(c)(3)

SALT LAKE CITY, UT

Total Revenue
$3,843,754
Total Expenses
$2,911,627
Total Assets
$2,414,631
Net Assets
$1,895,172
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
UT
Phone
8015965000
Tax Period
2024-07-01 to 2025-06-30

SALT LAKE ARTS COUNCIL FOUNDATION, founded in 1979, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $932K, a strong 24% operating margin.

Mission

TO PROMOTE, PRESENT AND SUPPORT ARTISTS, ARTS ORGANIZATIONS AND ARTS ACTIVITIES IN ORDER TO FURTHER THE DEVELOPMENT OF THE ARTS COMMUNITY AND TO BENEFIT THE PUBLIC BY EXPANDING AWARENESS, ACCESS AND PARTICIPATION.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,735,822
Program Service Revenue $48,361
Investment Income $36,257
Other Revenue $23,314
TOTAL REVENUE $3,843,754

Expense Breakdown

Grants Paid $698,400
Salaries & Benefits $1,312,029
Fundraising Expenses $26,345
Program Expenses $2,542,944
Other Expenses $901,198
TOTAL EXPENSES $2,911,627

Year-over-Year Comparison

2024 2023 Change
Revenue $3,843,754 $2,484,776 +0.5%
Expenses $2,911,627 $2,375,570 +0.2%
Net Income $932,127 $109,206 +7.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
28
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
5
$128,163
Total Directors
14
$2,320
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FELICIA BACA EXEC DIRECTOR 40.00
Officer
$127,443 $0 $127,443
JEFF DRIGGS TRUSTEE 2.00
Director
$440 $0 $440
CAITLIN TURSIC TREASURER 2.00
Officer Director
$440 $0 $440
HANNAH NIELSEN TRUSTEE 2.00
Director
$400 $0 $400
SUSAN KOLES RICKMAN TRUSTEE 0.00
Director
$400 $0 $400
LANA TAYLOR TRUSTEE 2.00
Director
$360 $0 $360
TRAVIS ENGLISH BOARD VICE CHAIR 2.00
Officer Director
$280 $0 $280
GABRIELLA HUGGINS TRUSTEE 2.00
Director
$0 $0 $0
CUAUHTEMOC SANDOVAL BOARD SECRETARY 2.00
Officer Director
$0 $0 $0
KATHY DAVIS TRUSTEE 2.00
Director
$0 $0 $0
EUGENIE JAFFE TRUSTEE 2.00
Director
$0 $0 $0
MATTHEW COLES BOARD CHAIR 2.00
Officer Director
$0 $0 $0
IGNACIO ROSENBERG TRUSTEE 2.00
Director
$0 $0 $0
RYAN CANTER TRUSTEE 2.00
Director
$0 $0 $0
SABRINA MARTINEZ TRUSTEE 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 $3,843,754 $2,911,627 $2,414,631 $932,127
2024 $2,484,776 $2,375,570 $1,266,592 $109,206
2023 $2,684,297 $2,516,608 $1,412,746 $167,689
2022 $2,133,751 $1,977,991 $1,578,268 $155,760
2021 $1,933,073 $1,686,100 $1,057,167 $246,973
2020 $1,528,743 $1,383,569 $826,857 $145,174
2019 $1,748,416 $1,580,525 $564,742 $167,891
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