LEHI ARTS COUNCIL (EIN 870623178) - 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

2013

Legal Domicile

Principal Officer

KURT ELISON

Phone

8013769063

Tax Period

2024-01-01 to 2024-12-31

LEHI ARTS COUNCIL, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $443K in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $76K, a strong 17% operating margin.

Mission

THE MISSION IS TO ENRICH THE CULTURAL LIVES OF THE PEOPLE OF LEHI CITY BY NURTURING AND SUPPORTING EXCELLENCE IN THE ARTS. PROMOTING, PRESENTING, AND ENCOURAGING EDUCATIONAL ACTIVITIES, AND INCREASING THE COMMUNITY AWARENESS AND APPRECIATION FOR THE 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 $222,157

Program Service Revenue $221,164

Investment Income $0

Other Revenue $0

TOTAL REVENUE $443,321

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,000

Fundraising Expenses $0

Program Expenses $352,477

Other Expenses $355,774

TOTAL EXPENSES $367,774

Year-over-Year Comparison

	2024	2023	Change
Revenue	$443,321	$304,541	+0.5%
Expenses	$367,774	$270,566	+0.4%
Net Income	$75,547	$33,975	+1.2%

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

325

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

$12,000

Total Directors

$12,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KURT ELISON	PRESIDENT	15.00	Officer Director	$12,000	$0	$12,000
DERRICK CAIN	SECRETARY	N/A	Director	$0	$0	$0
JEANNA CUNNINGHAM	VICE PRESIDE	N/A	Director	$0	$0	$0
KATHLEEN ELISON	TREASURER	N/A	Director	$0	$0	$0
ACACIA GRIFFITHS	VISUAL ARTS	N/A	Director	$0	$0	$0
ELIZABETH GRIFFITHS	TECH DIRECTO	N/A	Director	$0	$0	$0
GENEVIEVE KOPPING	MUSIC CHAIR	N/A	Director	$0	$0	$0
ASHLEY MCKINNON	THEATREWORKS	N/A	Director	$0	$0	$0
NICOLE REVILL	ARTS IN PARK	N/A	Director	$0	$0	$0
SHELBY REVILL	CONCESSIONS	N/A	Director	$0	$0	$0
CALI WILKES	THEATRE CHAI	N/A	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	$443,321	$367,774	$262,540	$75,547
2023	$304,541	$270,566	$177,614	$33,975
2022	$233,350	$191,872	$106,426	$41,478

LEHI ARTS COUNCIL