Laughing Horse Arts Foundation (EIN 911211173) - 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

1983

Legal Domicile

Phone

5099259876

Tax Period

2023-10-01 to 2024-09-30

Laughing Horse Arts Foundation, founded in 1983, is a small nonprofit in the Arts, Culture & Humanities sector that reported $214K in total revenue in fiscal year 2023. Expenses of $245K exceeded revenue, resulting in a 14% operating deficit.

Mission

To promote and pay production cost incurred in the production of a music festival in Kittitas County and other community art events.

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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 $84,482

Program Service Revenue $118,815

Investment Income $390

Other Revenue $10,755

TOTAL REVENUE $214,442

Expense Breakdown

Grants Paid $2,521

Salaries & Benefits $34,224

Fundraising Expenses $1,290

Program Expenses $213,256

Other Expenses $208,525

TOTAL EXPENSES $245,270

Year-over-Year Comparison

	2023	2022	Change
Revenue	$214,442	$210,551	+0.0%
Expenses	$245,270	$186,371	+0.3%
Net Income	$-30,828	$24,180	-2.3%

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

300

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jim Miller	Vice President	3.00	Officer Director	$0	$0	$0
Alex Eyre	Director	3.00	Director	$0	$0	$0
Don A Solberg	Treasurer	5.00	Officer Director	$0	$0	$0
Jessica Black	Director	10.00	Director	$0	$0	$0
Mollie Edson	Director	3.00	Director	$0	$0	$0
Jenny Samples	President	5.00	Officer Director	$0	$0	$0
Sue Wilson	Director	3.00	Director	$0	$0	$0
Kristen Solberg	Secretary	4.00	Officer Director	$0	$0	$0
Whitney Swain	Director	3.00	Director	$0	$0	$0
Jessica Horrocks	Director	3.00	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	$214,442	$245,270	$162,580	$-30,828
2023	$210,551	$186,371	$191,569	$24,180
2019	$209,404	$226,841	$218,315	$-17,437
2018	$202,161	$177,966	$235,700	$24,195

Laughing Horse Arts Foundation