Civic Intelligence

Palm Arts Inc

EIN 27-0962251 • 501(c)3 • Telluride, CO

Profile

Palm arts enriches and expands the educational, performing arts, and cultural opportunities of the telluride community through innovative programming and dance instruction and as a creative crossroads for our area partners.

721 W Colorado AvenueTelluride, CO 81435

www.telluridedance.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

38th percentile

0.02x

Higher debt load relative to assets than 38% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

46th percentile

0.06x

Higher debt load relative to revenue than 46% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

31st percentile

-3.3%

Higher net margin than 31% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

64th percentile

$94,528

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 23.5% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

53rd percentile

4.6%

Faster asset growth than 53% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

22nd percentile

-11%

Faster revenue growth than 22% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$1,114,718

Up $48,821 (+4.6%) from 2024

Liabilities

Up

$23,189

Up $8,790 (+61%) from 2024

Net Assets

Up

$1,091,529

Up $40,031 (+3.8%) from 2024

Revenue

Down

$402,787

Down $52,130 (-11%) from 2024

Expenses

Up

$415,880

Up $38,487 (+10%) from 2024

Net Income

Down

-$13,093

Down $90,617 (-117%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2012: $12,325Liabilities 2012: $285Net Assets 2012: $12,0402012Assets 2013: $12,940Liabilities 2013: $3,003Net Assets 2013: $9,9372013Assets 2014: $10,890Liabilities 2014: $1,082Net Assets 2014: $9,8082014Assets 2015: $265,250Liabilities 2015: $708Net Assets 2015: $264,5422015Assets 2016: $287,567Liabilities 2016: $6,970Net Assets 2016: $280,5972016Assets 2018: $537,547Liabilities 2018: $48,919Net Assets 2018: $488,6282018Assets 2019: $574,657Liabilities 2019: $21,625Net Assets 2019: $553,0322019Assets 2020: $584,174Liabilities 2020: $39,418Net Assets 2020: $544,7562020Assets 2021: $788,064Liabilities 2021: $36,218Net Assets 2021: $751,8462021Assets 2022: $928,673Liabilities 2022: $4,658Net Assets 2022: $924,0152022Assets 2023: $977,271Liabilities 2023: $39,424Net Assets 2023: $937,8472023Assets 2024: $1,065,897Liabilities 2024: $14,399Net Assets 2024: $1,051,4982024Assets 2025: $1,114,718Liabilities 2025: $23,189Net Assets 2025: $1,091,5292025

Highlighted filing

2025

Assets$1,114,718
Liabilities$23,189
Net Assets$1,091,529

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2012: $107,411Expenses 2012: $105,005Net Income 2012: $2,4062012Revenue 2013: $145,585Expenses 2013: $148,209Net Income 2013: -$2,6242013Revenue 2014: $136,495Expenses 2014: $136,624Net Income 2014: -$1292014Revenue 2015: $407,860Expenses 2015: $152,482Net Income 2015: $255,3782015Revenue 2016: $148,245Expenses 2016: $137,231Net Income 2016: $11,0142016Revenue 2018: $391,261Expenses 2018: $278,383Net Income 2018: $112,8782018Revenue 2019: $420,115Expenses 2019: $355,711Net Income 2019: $64,4042019Revenue 2020: $322,559Expenses 2020: $330,835Net Income 2020: -$8,2762020Revenue 2021: $327,301Expenses 2021: $214,786Net Income 2021: $112,5152021Revenue 2022: $644,065Expenses 2022: $385,416Net Income 2022: $258,6492022Revenue 2023: $356,043Expenses 2023: $367,292Net Income 2023: -$11,2492023Revenue 2024: $454,917Expenses 2024: $377,393Net Income 2024: $77,5242024Revenue 2025: $402,787Expenses 2025: $415,880Net Income 2025: -$13,0932025

Highlighted filing

2025

Revenue$402,787
Expenses$415,880
Net Income-$13,093

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.02$1.09$0.40$0.42$0.01
2024Detailed filing. Detailed filing data is available for this year.$1.07$0.01$1.05$0.45$0.38$0.08
2023Detailed filing. Detailed filing data is available for this year.$0.98$0.04$0.94$0.36$0.37$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.93$0.00$0.92$0.64$0.39$0.26
2021Detailed filing. Detailed filing data is available for this year.$0.79$0.04$0.75$0.33$0.21$0.11
2020Detailed filing. Detailed filing data is available for this year.$0.58$0.04$0.54$0.32$0.33$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.57$0.02$0.55$0.42$0.36$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.54$0.05$0.49$0.39$0.28$0.11
2016Detailed filing. Detailed filing data is available for this year.$0.29$0.01$0.28$0.15$0.14$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.26$0.41$0.15$0.26
2014Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.14$0.14$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.00$0.01$0.15$0.15$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.00$0.01$0.11$0.11$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 29, 2025
Return Version
2024v5.0
Gross Receipts
$413,067
Mission and Program Overview

Mission

Palm Arts enriches and expands the educational, performing arts, and cultural opportunities of the Telluride community through innovative programming and dance instruction and as a creative crossroads for our area partners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$691,986$870,663▲ $178,677
Savings and Temporary Cash Investments$239,281$131,835▼ $107,446
Land, Buildings, and Equipment, Net$126,593$107,555▼ $19,038
Accounts Receivable$6,284$4,665▼ $1,619
Prepaid Expenses and Deferred Charges$1,753--
Total Assets$1,065,897$1,114,718▲ $48,821
Liabilities
Accounts Payable and Accrued Expenses$9,085$17,228▲ $8,143
Other Liabilities-$3,381-
Deferred Revenue$5,314$2,580▼ $2,734
Total Liabilities$14,399$23,189▲ $8,790
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$778,498$818,529▲ $40,031
Net Assets With Donor Restrictions$273,000$273,000→ $0
Total Net Assets Fund Balance$1,051,498$1,091,529▲ $40,031
Total Liabilities and Net Assets / Fund Balance$1,065,897$1,114,718▲ $48,821

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,721$138,037$147,758
Leasehold Improvements$83,333$22,806$106,139
Other Land Buildings$14,501$30,360$44,861
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kathryn N HattlerManaging DirectorFT$16,771$77,757$94,528

Board Members and Trustees

NameTitle
Kathy JepsonPresident
Judith GlucksternTrustee
Keira SkinnerTrustee
Stephanie HatcherTrustee
Dan HenschelSecretary
Jenny CarlsonTreasurer
Angela WatkinsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$101,145
Program Service Revenue
$248,937
Investment Income
$26,699
Other Revenue
$26,006
All Other Contributions
$57,025
Change in Net Assets
$-13,093
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$272,003
Other Expenses$143,877
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$50,250$92,758-$143,008
Current Officers, Directors, Trustees, and Key Employees-$77,757-$77,757
Depreciation Depletion-$56,972-$56,972
Other Employee Benefits-$44,580-$44,580
Fees for Services Other$34,955$5,983-$40,938
Payroll Taxes$6,658--$6,658
Office Expenses-$5,004-$5,004
Insurance-$4,336-$4,336
Other Expenses$3,907$4,643-$3,907
All Other Expenses$678$2,925-$3,603
Fees for Services Accounting-$2,919-$2,919
Advertising$1,772--$1,772
Occupancy$1,253--$1,253
Conferences and Meetings-$65-$65
Total Functional Expenses$111,051$304,829$0$415,880
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card$2,662
Sales Tax Payable$719
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Reviewed by the director of operations and board member for accuracy before filing.

Form 990, Page 6, Part VI, Line 12C

All board members are aware of the conflict of interest policy and all new members are made aware of the policy at the beginning of their term.

Form 990, Page 6, Part VI, Line 15A

Director of operation's compensation is based on comparison with other theaters of similar size, combined with comparison of local director salaries, which is then approved by the board.

Form 990, Page 6, Part VI, Line 18

The organization makes its governing documents and financial statements available to the public upon request.

Form 990, Page 6, Part VI, Line 19

No other documents available to the public.

Filing and Contact Details

Filer

Filer Name
Palm Arts Inc
EIN
27-0962251
Phone
9707081223
Address
721 W COLORADO AVENUE, TELLURIDE, CO 81435

Signing Officer

Name
Kathy Jepson
Title
President
Phone
9707081223
Signed
2025-10-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathy Jepson
Formed
2009
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
8
Employees
5
Volunteers
53

Preparer

Firm
Neiderhiser Consulting & Accounting
Address
2798 WOODGATE RD UNIT D, MONTROSE, CO 81401
Preparer
Christine Neiderhiser CPA
Phone
9705492327
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Palm arts enriches and expands the educational, performing arts, and cultural opportunities of the telluride community through innovative programming and dance instruction and as a creative crossroads for our area partners.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherSalariesAndWagesGrp/TotalAmt0143008
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01753
IRS990/PrincipalOfficerNm0KATHY JEPSON
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IRS990/ProgramServiceRevenueGrp/Desc0DANCE PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/Desc1THEATER FACILITY RENTAL
IRS990/ProgramServiceRevenueGrp/Desc2THEATER PROGRAM FEES
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt227389
IRS990/ProgSrvcAccomActy2Grp/Desc0PALM ARTS THEATRE PROGRAMMING IS COMMITTED TO BRINGING NATIONAL AND INTERNATIONAL TOURING COMPANIES TO THE MICHAEL D. PALM THEATRE AND BOB SAUNDERS THEATRE FOR PUBLIC PERFORMANCES AND STUDENT OUTREACHES.
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0876101
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0126008
IRS990ScheduleA/InvestmentIncomeCYPct00.06000
IRS990ScheduleA/InvestmentIncomePYPct00.04000
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IRS990ScheduleA/PublicSupportCY509Pct00.94180
IRS990ScheduleA/PublicSupportPY509Pct00.95060
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt09721
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0138037
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0147758
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt083333
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt022806
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0106139
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt014501
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt030360
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt044861
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02662
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1719
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SALES TAX PAYABLE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PALM ARTS ENRICHES AND EXPANDS THE EDUCATIONAL, PERFORMING ARTS, AND CULTURAL OPPORTUNITIES OF THE TELLURIDE COMMUNITY THROUGH INNOVATIVE PROGRAMMING AND DANCE INSTRUCTION AND AS A CREATIVE CROSSROADS FOR OUR AREA PARTNERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEWED BY THE DIRECTOR OF OPERATIONS AND BOARD MEMBER FOR ACCURACY BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL BOARD MEMBERS ARE AWARE OF THE CONFLICT OF INTEREST POLICY AND ALL NEW MEMBERS ARE MADE AWARE OF THE POLICY AT THE BEGINNING OF THEIR TERM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DIRECTOR OF OPERATION'S COMPENSATION IS BASED ON COMPARISON WITH OTHER THEATERS OF SIMILAR SIZE, COMBINED WITH COMPARISON OF LOCAL DIRECTOR SALARIES, WHICH IS THEN APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0111051
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt023189
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IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0PLACERVILLE
IRS990/USAddress/StateAbbreviationCd0CO
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IRS990/VotingMembersGoverningBodyCnt08
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IRS990/WebsiteAddressTxt0TELLURIDEPALM.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z

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