CANNON BEACH 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

1987

Legal Domicile

Principal Officer

LILA WICKHAM

Tax Period

2024-10-01 to 2025-09-30

CANNON BEACH ARTS ASSOCIATION, founded in 1987, is a small nonprofit that reported $265K in total revenue in fiscal year 2024. The organization ran a surplus of $50K, a strong 19% operating margin.

Mission

ENHANCES ARTS AND ARTISTS BY EDUCATION EVENTS

Program Service Accomplishments

Program 1

Expenses: $214,515

ENHANCES ARTS AND ARTISTS BY EDUCATION EVENTS AND PROVIDES GALLERY EXHIBTION SPACE AND SALES OPPORTUNITES FOR LOCAL AND REGIONAL ARTISTS

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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 $100,348

Program Service Revenue $161,767

Investment Income $2,043

Other Revenue $724

TOTAL REVENUE $264,882

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,955

Fundraising Expenses $0

Program Expenses $214,515

Other Expenses $151,560

TOTAL EXPENSES $214,515

Year-over-Year Comparison

	2024	2023	Change
Revenue	$264,882	N/A	N/A
Expenses	$214,515	N/A	N/A
Net Income	$50,367	N/A	N/A

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

N/A

Employees

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
NANCY KROLL	DIRECTOR	2.00	Director	$0	$0	$0
MARGIE NORTON	DIRECTOR	2.00	Director	$0	$0	$0
TERRI NEAL	DIRECTOR	2.00	Director	$0	$0	$0
22 GROGG	DIRECTOR	2.00	Director	$0	$0	$0
LILA WICKHAM	TREASURER	20.00	Officer	$0	$0	$0
BOB KROLL	PRESIDENT	2.00	Officer	$0	$0	$0
FRANKIE WHITE	SECRETARY	10.00	Officer	$0	$0	$0
LONI SANDERS	DIRECTOR	2.00	Officer	$0	$0	$0
MARCIA ZEGAR	VICE PRESIDENT	2.00	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	$264,882	$214,515	$195,941	$50,367
2024	$247,498	$211,838	$158,032	$35,660
2023	$227,829	$202,013	$127,414	$25,816
2022	$201,077	$197,882	$101,523	$3,195