Triangle Arts Association Limited (EIN 133209637) - Form 990 Financial Analysis & Trantor Score

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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

1982

Legal Domicile

Principal Officer

ALUN WILLIAMS

Phone

7188581260

Tax Period

2023-09-01 to 2024-08-31

Triangle Arts Association Limited, founded in 1982, is a small nonprofit in the Arts, Culture & Humanities sector that reported $201K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

SUPPORTS INTERNATIONAL AND U.S. VIRTUAL ARTISTS. THE ORGANIZATIONS CORE INITIATIVES ARE: RESIDENCIES, WORKSHOPS, AND EDUCATIONAL AND PUBLIC PROGRAMS, THAT ARE CENTERED ON DIALOGUE, EXPERIMENTATION AND THE CREATION OF COMMUNITY AROUND ART.

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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 (2023)

Revenue Breakdown

Contributions & Grants $164,995

Program Service Revenue $23,241

Investment Income $0

Other Revenue $13,030

TOTAL REVENUE $201,266

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,648

Fundraising Expenses $29,418

Program Expenses $146,235

Other Expenses $66,134

TOTAL EXPENSES $196,782

Year-over-Year Comparison

	2023	2022	Change
Revenue	$201,266	$180,307	+0.1%
Expenses	$196,782	$193,223	+0.0%
Net Income	$4,484	$-12,916	-1.3%

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

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

$76,004

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NOVA BENWAY	EXECUTIVE DIRECTOR	40.00	Officer	$76,004	$0	$76,004
JENNIFER RILEY	CHAIR (LEFT JUNE 2025)	5.00	Officer Director	$0	$0	$0
ALUN WILLIAMS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KAREN WILKIN	TREASURER ; SECRETARY	1.00	Officer Director	$0	$0	$0
KYLER ROBINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN BJERKLIE	BOARD MEMBER (LEFT MARCH 2024)	1.00	Director	$0	$0	$0
SCOTT MATTHEWS-NOVELLI	BOARD MEMBER	1.00	Director	$0	$0	$0
HUGH DUTHIE	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH HESKIN	BOARD MEMBER	1.00	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
2024	$201,266	$196,782	$237,928	$4,484
2023	$180,307	$193,223	$235,996	$-12,916
2022	$209,354	$169,620	$249,664	$39,734
2021	$234,433	$135,666	$223,822	$98,767

Triangle Arts Association Limited