FAIRBANKS SUMMER ARTS FESTIVAL

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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

1979

Legal Domicile

Principal Officer

CORLIS TAYLOR

Phone

9074748869

Tax Period

2024-10-01 to 2025-09-30

FAIRBANKS SUMMER ARTS FESTIVAL, founded in 1979, is a small nonprofit that reported $359K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Net assets of $2.1M represent 70 months of operating reserves.

Mission

TO PROVIDE PARTICIPANTS HIGHLY QUALIFIED GUEST ARTISTS WHO OFFER MULTI-DISCIPLINARY STUDY AND PERFORMANCE OPPORTUNITIES THAT INCREASE BOTH PERSONAL GROWTH AND ARTS APPRECIATION IN THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $252,555 Revenue: $146,161

Fairbanks Summer Arts Festival continues to ignite artistic passions and develop new relationships with like-minded people. It has both a summer and winter edition for education and performances. In the Summer 2025, our 45th year, there were nearly 400 participants in 83 workshops. Also, there were 27 performances with 2800 audience participants. The festival is a great asset to the Fairbanks 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 $106,355

Program Service Revenue $146,161

Investment Income $103,947

Other Revenue $2,974

TOTAL REVENUE $359,437

Expense Breakdown

Grants Paid $0

Salaries & Benefits $73,929

Fundraising Expenses $15,320

Program Expenses $252,555

Other Expenses $278,928

TOTAL EXPENSES $352,857

Year-over-Year Comparison

	2024	2023	Change
Revenue	$359,437	$298,639	+0.2%
Expenses	$352,857	$418,640	-0.2%
Net Income	$6,580	$-120,001	-1.1%

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

$49,844

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORLIS TAYLOR	PRESIDENT	0.50	Officer Director	$0	$0	$0
DOUG LANGE	SECRETARY	0.50	Officer Director	$0	$0	$0
TIM SATRE	DIRECTOR	0.50	Director	$0	$0	$0
CATHY CURBY	DIRECTOR	0.50	Director	$0	$0	$0
CHERYLL BERRONG	DIRECTOR	0.50	Director	$0	$0	$0
AMANDA HUFF	DIRECTOR	0.50	Director	$0	$0	$0
TRACIE PENDERGREST	VICE-PRESIDENT	0.50	Officer Director	$0	$0	$0
KARL BURRELL	TREASURER	0.50	Officer Director	$0	$0	$0
JAUNELLE CELAIRE	DIRECTOR	0.50	Director	$0	$0	$0
JAMES MENAKER	FORMER EXECUTIVE DIRECTOR	40.00	Officer	$49,844	$0	$49,844
SUSAN RICE	EXECUTIVE DIRECTOR	40.00	Officer	$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	No data	No data	No data	No data
2025	$359,437	$352,857	$2,113,899	$6,580
2024	$298,639	$418,640	$2,009,371	$-120,001
2023	$356,941	$488,054	$1,842,907	$-131,113
2022	$341,195	$425,221	$1,829,404	$-84,026
2021	$303,652	$321,687	$2,313,055	$-18,035
2020	$212,546	$183,525	$2,015,879	$29,021
2019	$462,756	$506,268	$1,925,229	$-43,512
2018	$477,714	$585,476	$1,990,455	$-107,762