SIX BRIDGES ARTS ASSOCIATION (EIN 911704723) - 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

2010

Legal Domicile

Principal Officer

WILLIAM BURKE

Phone

5099215579

Tax Period

2024-01-01 to 2024-12-31

SIX BRIDGES ARTS ASSOCIATION, founded in 2010, is a small nonprofit that reported $242K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $222K left a modest 8% surplus.

Mission

ORGANIZE AND PROMOTE FREE LIVE PUBLIC ENTERTAINMENT AND BUSINESS VENUES FOR THE SPOKANE, WA. 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 (2024)

Revenue Breakdown

Contributions & Grants $96,500

Program Service Revenue $145,135

Investment Income $0

Other Revenue $0

TOTAL REVENUE $241,635

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $220,588

Other Expenses $222,293

TOTAL EXPENSES $222,293

Year-over-Year Comparison

	2024	2023	Change
Revenue	$241,635	$336,750	-0.3%
Expenses	$222,293	$365,780	-0.4%
Net Income	$19,342	$-29,030	-1.7%

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

N/A

Independent Members

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMIE LAUGHLIN	DIRECTOR/1	N/A	Director	$0	$0	$0
LOUIS RUKAVINA	DIRECTOR/1	N/A	Director	$0	$0	$0
DESIREE BURKE	DIRECTOR/1	N/A	Director	$0	$0	$0
WILLIAM BURKE	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
VAL WORKMAN	PRESIDENT/1	N/A	Officer Director	$0	$0	$0
PAUL WILKENING1	DIRECTOR/1	N/A	Director	$0	$0	$0
JIM DESTEFANO	DIRECTOR/1	N/A	Officer Director	$0	$0	$0
KARYN CHRISTNER	DIRECTOR/1	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	$241,635	$222,293	$79,576	$19,342
2023	$336,750	$365,780	$60,234	$-29,030
2022	$234,941	$211,530	$74,745	$23,411

SIX BRIDGES ARTS ASSOCIATION