Emerge Gallery Art Center Inc

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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

2002

Legal Domicile

Principal Officer

Devinder Culver

Phone

2525516947

Tax Period

2023-07-01 to 2024-06-30

Emerge Gallery Art Center Inc, founded in 2002, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $974K left a modest 5% surplus.

Mission

Emerge Gallery Art Center, Inc. is dedicated to enhancing the quality of life in Pitt County, North Carolina by promoting artists and arts organizations, educating through the arts, and making the arts accessible to the entire community.

Program Service Accomplishments

Program 1

Expenses: $852,607 Revenue: $936,960

The organization sponsored classes, workshops, and artist exhibitions throughout the year. The organization offered various programs such as African American Trail, Art is Good Medicine, Black...

The organization sponsored classes, workshops, and artist exhibitions throughout the year. The organization offered various programs such as African American Trail, Art is Good Medicine, Black Creatives of Pitt County, Grassroots Arts, N.C. CARES for the Arts, NCEA Rescue & Rebuild, Public Art Projects, Regional Artists, SmART Cities, Technical Assistance, Youth Public Arts, and other local projects to fulfill its mission.

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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 $680,791

Program Service Revenue $308,364

Investment Income $21,173

Other Revenue $14,882

TOTAL REVENUE $1,025,210

Expense Breakdown

Grants Paid $111,614

Salaries & Benefits $301,591

Fundraising Expenses $33,833

Program Expenses $852,607

Other Expenses $561,031

TOTAL EXPENSES $974,236

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,025,210	$888,808	+0.2%
Expenses	$974,236	$856,745	+0.1%
Net Income	$50,974	$32,063	+0.6%

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

100

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
Holly Garriott	Executive Director	40.00		$72,000	$0	$72,000
Devinder Culver	President	1.00	Officer Director	$0	$0	$0
Harvey Wooten	Vice President	1.00	Officer Director	$0	$0	$0
Sierra Jones	Secretary	1.00	Officer Director	$0	$0	$0
Amanda Wall	Treasurer	1.00	Officer Director	$0	$0	$0
Wanda Yuhas	Past President	0.50	Director	$0	$0	$0
Daniel Van Liere	Director	0.50	Director	$0	$0	$0
Kelly Andrews	Director	0.50	Director	$0	$0	$0
Curtis Forbes	Director	0.50	Director	$0	$0	$0
Linda Kean	Director	0.50	Director	$0	$0	$0
Larry Houston	Director	0.50	Director	$0	$0	$0
Russell Knight	Director	0.50	Director	$0	$0	$0
Chris Daniels	Director	0.50	Director	$0	$0	$0
Juvencio Rocha Peralta	Director	0.50	Director	$0	$0	$0
Dede Carney	Director	0.50	Director	$0	$0	$0
Maria Satira	Director	0.50	Director	$0	$0	$0
Claudia Ortega	Director	0.50	Director	$0	$0	$0
Stephen Penn	Director	0.50	Director	$0	$0	$0
Rhonda Dashiell	Director	0.50	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
2025	No data	No data	No data	No data
2024	$1,025,210	$974,236	$831,466	$50,974
2023	$888,808	$856,745	$588,422	$32,063
2022	$728,977	$609,705	$602,174	$119,272
2021	$797,992	$625,605	$562,575	$172,387
2019	$520,879	$479,856	$126,124	$41,023
2018	$441,233	$431,026	$89,187	$10,207