FAIRBANKS ARTS ASSOCIATION

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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

1966

Legal Domicile

Principal Officer

JESSICA PENA

Phone

9074566485

Tax Period

2022-07-01 to 2023-06-30

FAIRBANKS ARTS ASSOCIATION, founded in 1966, is a small nonprofit that reported $445K in total revenue in fiscal year 2022. Revenue decreased 11% compared to the prior year.

Mission

PROMOTION AND PRESERVATION OF THE ARTS

Program Service Accomplishments

Program 1

Expenses: $65,843 Revenue: $37,224

EDUCATIONAL ARTS SUPPORTS MANY EDUCATIONAL PROGRAMS SUCH AS ARTISTS-IN-SCHOOLS. THIS PROGRAM PROVIDES STUDENTS WITH HANDS ON ART LEARNING EXPERIENCES THAT HELP PROVIDE ANOTHER EDUCATIONAL LAYER TO...

EDUCATIONAL ARTS SUPPORTS MANY EDUCATIONAL PROGRAMS SUCH AS ARTISTS-IN-SCHOOLS. THIS PROGRAM PROVIDES STUDENTS WITH HANDS ON ART LEARNING EXPERIENCES THAT HELP PROVIDE ANOTHER EDUCATIONAL LAYER TO THE MATERIAL THEY ARE ALREADY LEARNING IN THEIR DAILY CLASSROOM. DONATED FACILITIES RENTAL FROM THE FAIRBANKS NORTH STAR BOROUGH ATTRIBUTED $1,987 TO THIS PROGRAM SERVICE ACCOMPLISHMENT.

Program 2

Expenses: $51,485 Revenue: $73,576

VISUAL ARTS COMMITTEE SCHEDULES ART EXHIBITS IN THE BEAR GALLERY FOR SOLO AND GROUP EXHIBITS. ARTISTS FROM OUTSIDE THE COMMUNITY ARE BROUGHT IN TO GIVE INTERIOR ARTISTS THE OPPORTUNITY TO CONNECT...

VISUAL ARTS COMMITTEE SCHEDULES ART EXHIBITS IN THE BEAR GALLERY FOR SOLO AND GROUP EXHIBITS. ARTISTS FROM OUTSIDE THE COMMUNITY ARE BROUGHT IN TO GIVE INTERIOR ARTISTS THE OPPORTUNITY TO CONNECT WITH A BROADER COMMUNITY OF ARTS. ALSO, UP WITH ART IS SUPPORTED BECAUSE IT ALLOWS ELEMENTARY, MIDDLE, AND HIGH SCHOOL STUDENTS TO PUT THEIR ART WORK INTO AN ART EXHIBIT FOR THE COMMUNITY TO APPRECIATE. DONATED FACILITIES RENTAL FROM THE FAIRBANKS NORTH STAR BOROUGH ATTRIBUTED $15,893.12 TO THIS PROGRAM SERVICE ACCOMPLISHMENT.

Program 3

Expenses: $10,656

PERFORMING ARTS PROGRAMS SUPPORT SUMMER-LONG FREE PERFORMANCES IN PIONEER PARK FOR COMMUNITY MEMBERS AND VISITORS OF ALL AGES TO ENJOY. THIS PLATFORM ALSO GIVES A DIVERSITY OF PERFORMING ARTISTS AN OPPORTUNITY TO RECEIVE PROFESSIONAL DEVELOPMENT AND SHOWCASE THEIR ANTISTRY TO A LIVE AUDIENCE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $266,175

Program Service Revenue $115,643

Investment Income $13,263

Other Revenue $50,294

TOTAL REVENUE $445,375

Expense Breakdown

Grants Paid $46,273

Salaries & Benefits $260,781

Fundraising Expenses $0

Program Expenses $181,752

Other Expenses $168,685

TOTAL EXPENSES $475,739

Year-over-Year Comparison

	2022	2021	Change
Revenue	$445,375	$499,259	-0.1%
Expenses	$475,739	$431,596	+0.1%
Net Income	$-30,364	$67,663	-1.4%

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

100

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

$61,737

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIANNA REAGAN DAVIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JR ANCHETA	TREASURER	1.00	Officer Director	$0	$0	$0
GAIL PRIDAY	SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT HANSEN	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDRA SLOAT	DIRECTOR	1.00	Director	$0	$0	$0
LYNDSI HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
KLARA MAISCH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JESSICA PENA	EXECUTIVE DIRECTOR	40.00	Officer	$61,737	$0	$61,737

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
2024	No data	No data	No data	No data
2023	$445,375	$475,739	$217,687	$-30,364
2022	$499,259	$431,596	$262,842	$67,663
2021	$373,508	$316,130	$200,156	$57,378
2020	$346,404	$321,362	$138,759	$25,042
2019	$380,801	$387,032	$81,550	$-6,231
2018	$422,950	$408,905	$75,684	$14,045