SAUSALITO ART FESTIVAL FOUNDATION

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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

2000

Legal Domicile

Principal Officer

WAYNE KALECK

Phone

4153323555

Tax Period

2020-01-01 to 2020-12-31

SAUSALITO ART FESTIVAL FOUNDATION, founded in 2000, is a micro nonprofit that reported $50K in total revenue in fiscal year 2020. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $102K exceeded revenue, resulting in a 103% operating deficit.

Mission

THE MISSION OF THE SAUSALITO ART FESTIVAL FOUNDATION IS TO ENCOURAGE, PROMOTE AND SUPPORT THE ARTS FOR THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $92,772 Revenue: $5,030

EVERY LABOR DAY WEEKEND, STARS OF THE CONTEMPORARY ART SCENE ARE SHOWCASED ON THE SPARKLING BAY SHORES OF SAUSALITO, CALIFORNIA'S MEDITERRANEAN-LIKE SEASIDE VILLAGE. OVER ONE MILLION VISITORS FROM...

EVERY LABOR DAY WEEKEND, STARS OF THE CONTEMPORARY ART SCENE ARE SHOWCASED ON THE SPARKLING BAY SHORES OF SAUSALITO, CALIFORNIA'S MEDITERRANEAN-LIKE SEASIDE VILLAGE. OVER ONE MILLION VISITORS FROM THROUGHOUT THE WORLD HAVE EXPERIENCED THE SAUSALITO ART FESTIVAL SINCE ITS INAUGURAL EVENT IN 1952. SAUSALITO HOSTS THE WEST COAST'S ULTIMATE ART EXPERIENCE, FEATURING A WORLD-CLASS COLLECTION OF FINE ART AND CRAFT. THE INTERNATIONALLY FAMOUS BEAUTY OF SAUSALITO, WITH ITS HISTORIC WATERFRONT AND UNIQUE ART GALLERIES AND SHOPS, HAS LONG ATTRACTED ART COLLECTORS. JUST NORTH OF THE GOLDEN GATE BRIDGE, SAUSALITO IS LOCATED ON THE SAN FRANCISCO BAY SHORELINE WITH BREATHTAKING VIEWS. THE BEST LOCAL, AMERICAN AND INTERNATIONAL ARTISTS BRING THEIR COMBINED PERSPECTIVES, VIRTUOSO SKILLS, AND MORE THAN 20,000 ORIGINAL WORKS OF ART INCLUDING PAINTINGS, SCULPTURE, CERAMICS, JEWELRY, FIBER ART, FINE GLASS, WOODWORK, MIXED MEDIA, AND PHOTOGRAPHY. FROM FUNCTIONAL TO SURREAL, WITTY TO THE ELEGANTLY DECORATIVE, THESE ONE-OF-A-KIND AND LIMITED EDITION ART WORKS FORM AN UNPARALLELED COLLECTION THAT CAN ONLY BE SEEN ONCE A YEAR. ENJOY THE OPPORTUNITY TO MEET THE ARTISTS ONE-ON-ONE OR STRETCH OUT ON THE LAWN IN THE SCENIC BAYSIDE PARK. ENJOY NONSTOP ENTERTAINMENT ON THREE STAGES OR GOURMET DELIGHTS WITH CHAMPAGNE AND FINE WINES. THE SAUSALITO ART FESTIVAL IS THE 1 EVENT OF ITS KIND AND THE PERFECT WAY TO CELEBRATE YOUR LABOR DAY WEEKEND.

Program 2

ARTIST TEACHING ART (ATA) IS AN ARTS EDUCATION PROGRAM DEVELOPED BY THE SAUSALITO ART FESTIVAL FOUNDATION (SAFF) TO SERVE STUDENTS K-12 IN BOTH PUBLIC AND PRIVATE SCHOOLS THROUGHOUT MARIN COUNTY. AS CALIFORNIA SCHOOLS TRANSITION TO THE COMMON CORE STANDARDS, ATA ALONG WITH PARTICIPATING SCHOOLS, TEACHERS AND PROFESSIONAL ARTISTS COLLABORATE TO CREATE A VARIETY OF ARTIST-IN-RESIDENCE PROJECTS DESIGNED TO INSPIRE CHILDREN TO THINK DIFFERENTLY ABOUT ART. THE ART PROJECT CURRICULUM IS TIED TO THE COMMON CORE STANDARDS FOR THE VISUAL ARTS IN ALL GRADES AND SUBJECT MATTER.

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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 (2020)

Revenue Breakdown

Contributions & Grants $32,175

Program Service Revenue $5,030

Investment Income $0

Other Revenue $13,186

TOTAL REVENUE $50,391

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $0

Fundraising Expenses $1,122

Program Expenses $92,772

Other Expenses $97,332

TOTAL EXPENSES $102,332

Year-over-Year Comparison

	2020	2019	Change
Revenue	$50,391	$1,740,250	-1.0%
Expenses	$102,332	$2,029,068	-0.9%
Net Income	$-51,941	$-288,818	-0.8%

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

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
ANN ARNOTT	SECRETARY	5.00	Officer Director	$0	$0	$0
ANNETTE BRINTON	TREASURER	5.00	Officer Director	$0	$0	$0
LOUIS BRIONES	VICE CHAIR	5.00	Officer Director	$0	$0	$0
WAYNE KALECK	BOARD CHAIR	5.00	Officer 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
2020	$50,391	$102,332	$1,339,561	$-51,941
2019	$1,740,250	$2,029,068	$1,382,282	$-288,818
2018	$1,822,481	$1,856,044	$1,709,629	$-33,563