WESTERN FOLKLIFE CENTER INC (EIN 870447025) - 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

1980

Legal Domicile

Principal Officer

JON GRIGGS

Phone

7757387508

Tax Period

2024-07-01 to 2025-06-30

WESTERN FOLKLIFE CENTER INC, founded in 1980, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $2.4M exceeded revenue, resulting in a 23% operating deficit.

Mission

THE WESTERN FOLKLIFE CENTER IS DEDICATED TO EXPLORE AND GIVE VOICE TO TRADITIONAL AND DYNAMIC CULTURES OF THE AMERICAN WEST. OUR MISSION IS TO USE STORY AND CULTURAL EXPRESSION TO CONNECT THE AMERICAN WEST TO THE WORLD. THE WESTERN FOLKLIFE CENTER PROVIDES A PLATFORM FOR RURAL AND URBAN COMMUNITIES TO COMMUNICATE AND EXCHANGE NEW IDEAS AND AVENUES OF EXPRESSION. WE PRODUCED THE FIRST COWBOY POETRY GATHERING IN 1985. OUR NATIONAL COWBOY POETRY GATHERING CONTINUES TO CELEBRATE AND PROMOTE THE ARTISTRY AND INGENUITY OF LIFE IN THE AMERICAN WEST. IT REMAINS OUR SIGNATURE EVENT, WITH PROGRAMMING CHANGING TO REFLECT CONTEMPORARY REALITIES AND ISSUES OF THE AMERICAN WEST. THROUGHOUT THE YEAR, OUR FIELDWORK, RESEARCH, EXHIBITS, WEBSITE, AND ARCHIVES PRESERVE, DOCUMENT, AND SHARE THE HERITAGE OF THE WEST. OUR MEDIA AND EDUCATIONAL PROGRAMS ENTERTAIN AND ENGAGE, DEEPENING THE UNDERSTANDING OF THE VITALITY AND CHALLENGES OF WESTERN COMMUNITIES.

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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 $894,296

Program Service Revenue $1,038,491

Investment Income $25,258

Other Revenue $658

TOTAL REVENUE $1,958,703

Expense Breakdown

Grants Paid $0

Salaries & Benefits $588,396

Fundraising Expenses $678,886

Program Expenses $1,508,459

Other Expenses $1,827,865

TOTAL EXPENSES $2,416,261

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,958,703	$2,229,281	-0.1%
Expenses	$2,416,261	$2,383,563	+0.0%
Net Income	$-457,558	$-154,282	+2.0%

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

230

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

$149,162

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTIN WINDBIGLER	EXECUTIVE DI	40.00	Director	$149,162	$0	$149,162
CHRISSY MENICUCCI BENNA	TRUSTEE	1.00	Director	$0	$0	$0
ROB DONDERO	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JON GRIGGS	CHAIR	3.00	Officer Director	$0	$0	$0
ANNIE HATCH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN PATRICCK RICE	TRUSTEE	1.00	Director	$0	$0	$0
REED SIMMONS	TRUSTEE	1.00	Director	$0	$0	$0
MICHELE SULLIVAN	TRUSTEE	1.00	Director	$0	$0	$0
TIFFANY TIBERTI	TRUSTEE	1.00	Director	$0	$0	$0
PRESTON WRIGHT	INTERIM TREA	1.00	Officer 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	$1,958,703	$2,416,261	$3,323,253	$-457,558
2024	$2,229,281	$2,383,563	$3,707,389	$-154,282
2023	$1,764,379	$2,157,534	$3,773,487	$-393,155
2022	$1,317,220	$1,553,119	$4,175,367	$-235,899
2021	$1,001,627	$1,234,814	$4,620,143	$-233,187
2020	$1,871,145	$2,054,795	$4,616,225	$-183,650
2019	$1,593,748	$1,904,281	$4,819,250	$-310,533
2019	$1,593,748	$1,904,281	$4,819,250	$-310,533

WESTERN FOLKLIFE CENTER INC