SPRUCE PEAK ARTS CENTER FOUNDATION INC (EIN 900146728) - 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

2004

Legal Domicile

Principal Officer

BARRY PIUS

Phone

8027604635

Tax Period

2023-11-01 to 2024-10-31

SPRUCE PEAK ARTS CENTER FOUNDATION INC, founded in 2004, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $2.0M left a modest 5% surplus.

Mission

THE PROMOTION OF CULTURAL, EDUCATIONAL, AND CHARITABLE ACTIVITIES WITHIN THE COMMUNITY.

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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 $1,339,201

Program Service Revenue $641,162

Investment Income $39,793

Other Revenue $47,853

TOTAL REVENUE $2,068,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $783,448

Fundraising Expenses $366,566

Program Expenses $1,449,577

Other Expenses $1,188,097

TOTAL EXPENSES $1,971,545

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,068,009	$1,410,928	+0.5%
Expenses	$1,971,545	$1,894,243	+0.0%
Net Income	$96,464	$-483,315	-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

Volunteers

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

$157,660

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANNE BROWN	CHAIR	1.00	Officer Director	$0	$0	$0
MIRZA CAVALIC	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BARRY PIUS	TREASURER	1.00	Officer Director	$0	$0	$0
JILL WITTEN	SECRETARY	1.00	Officer Director	$0	$0	$0
ANDREW CHMURA	DIRECTOR	1.00	Director	$0	$0	$0
SAM GAINES	DIRECTOR	1.00	Director	$0	$0	$0
DEAN GOODERMOTE	DIRECTOR	1.00	Director	$0	$0	$0
LISA HAGERTY	DIRECTOR	1.00	Director	$0	$0	$0
CAREN MERSON	DIRECTOR	1.00	Director	$0	$0	$0
LISA MCGOVERN	DIRECTOR	1.00	Director	$0	$0	$0
SETH SOLOWAY	EXECUTIVE DIRECTOR (START	40.00	Officer	$134,626	$23,034	$157,660

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	$2,068,009	$1,971,545	$6,666,152	$96,464
2023	$1,410,928	$1,894,243	$6,594,795	$-483,315
2022	$1,806,408	$1,284,454	$6,956,009	$521,954
2021	$1,017,343	$934,212	$6,531,085	$83,131
2020	$875,713	$975,604	$6,377,402	$-99,891
2018	$1,216,952	$1,353,481	$6,764,343	$-136,529

SPRUCE PEAK ARTS CENTER FOUNDATION INC