Spiro Arts at Silver Star in Park C

Nonprofit profile at a glance

EIN
261320786
IRS 990-EZ coverage
2010–2013
Forms available
Form 990-EZ 2013
Location
Park City, UT, USA
Phone
4356496258
Rating
46
Verdict
MIXED
Rating confidence
Moderate
Sector
Astronomy

Official website

Reported finances

Revenue
$36,932
Expenses
$41,724
Assets
$4,871
Liabilities
$1,748

Source: IRS Form 990-EZ. Selected filing: tax year 2013. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • JOHN HELTON (PRESIDENT)

People named in this filing

  • JOHN HELTON (PRESIDENT)
  • CHRIS CONABEE (VICE PRESIDE)
  • KAREN TERZIAN (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2013. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Spiro arts is an artist in residence and workshop center featuring a diverse community of visual artists, composers, and writers from around the world. Spiro arts also hosts a variety of events, including open studio receptions, community outreach programs, and a free public lecture series.

What it reported doing in 2013

Artist in residence program: spiro arts granted (3) visual artists, and (1) writer for six-week residencies. Residents received shared housing, studio space, and a material/travel stipend to help offset their costs. The program is open to emerging and established artists, composers, and writers from around the world. Residents must submit an application, and our selected by a jury of professionals. Each resident artist served our community by completing a community outreach project - see below. Community outreach programs: spiro arts hosted a series of outreach programs, free and open to the public. Programs included creative writing labs, film screenings, artist lectures, special exhibitions, school visits, and studio tours. 260 people served. Open studio receptions: spiro arts hosted one open studio reception, at the end of the artist in residence term. The receptions are free and open to the public, offering a unique opportunity for the public to experience the sacred places where art is made. Receptions included live readings, performances, and innovative works of art. 175 people served hands-on workshops: spiro arts offered a series of workshops taught by professional working artists, and writers that allow participants to learn new skills, refine techniques, and grow creatively. 65 people served

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 75% for direct work, and 25% for grants.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 25
  • Transparency & Controls: 82
  • Sustainability: 24
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 25.9%; rating input score 26
  • Program expense ratio: 22.9%; rating input score 23

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -13%; rating input score 26; 26th percentile among comparable filings
  • Total-asset coverage ratio: 0.12; rating input score 10; 10th percentile among comparable filings
  • Liabilities to assets ratio: 0.36; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: -54.7% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: -27.4% per year; rating input score 0; 17th percentile among comparable filings
  • Asset growth: -19.6% per year; rating input score 0; 17th percentile among comparable filings

Details

  • Where the money goes: 25.9% of revenue deployed · 22.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $10K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2010 to 2013
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Mission deployment rate scored 26/100.
  • High — Financial Efficiency: Program expense ratio scored 23/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 26/100.
  • High — Sustainability: Total-asset coverage ratio scored 10/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.