FOOTHILLS ANTIQUE POWER ASSOCIATION

EIN: 161733432 501(c)(3) Arts, Culture & Humanities

CONOVER, NC

Total Revenue
$105,977
Total Expenses
$82,702
Total Assets
$295,855
Net Assets
$295,855
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NC
Principal Officer
WILSON SIGMON
Phone
8282414061
Tax Period
2025-01-01 to 2025-12-31

FOOTHILLS ANTIQUE POWER ASSOCIATION, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $106K in total revenue in fiscal year 2025. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $23K, a strong 22% operating margin.

Mission

TO PROMOTE THE PRESERVATION OF ANTIQUATED EARLY TO MID-TWENTIETH CENTURY POWER EQUIPMENT USED IN RURAL AMERICA

Program Service Accomplishments

Program 1
Expenses: $82,702 Revenue: $89,799

ANNUAL SHOW TO DISPLAY THE PRESERVATION AND RESTORATION OF ANTIQUATED EARLY TO MID-TWENTIETH CENTURY POWER EQUIPMENT USED IN RURAL AMERICAN FARMING.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $6,426
Program Service Revenue $89,799
Investment Income $0
Other Revenue $9,752
TOTAL REVENUE $105,977

Expense Breakdown

Grants Paid $14,560
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $82,702
Other Expenses $68,142
TOTAL EXPENSES $82,702

Year-over-Year Comparison

2025 2024 Change
Revenue $105,977 $90,708 +0.2%
Expenses $82,702 $65,718 +0.3%
Net Income $23,275 $24,990 -0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
N/A
Independent Members
N/A
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
0
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN BLACK PRESIDENT 4.00
Director
$0 $0 $0
WILSON SIGMON VICE PRESIDENT 4.00
Director
$0 $0 $0
RACHEL KELLER TREASURER 2.00
Director
$0 $0 $0
CODY HASTINGS SECRETARY 2.00
Director
$0 $0 $0
KEITH SCHRONCE SHOW COMMITTEE CHAIRMAN 2.00
Director
$0 $0 $0
TONY HUFFMAN SHOW COMMITTEE CHAIRMAN AS 1.00
Director
$0 $0 $0
BUTCH MCINTYRE DIRECTOR 1.00
Director
$0 $0 $0
TIM HOLLAR DIRECTOR 1.00
Director
$0 $0 $0
ANTHONY AUSTIN DIRECTOR 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
2025 $105,977 $82,702 $295,855 $23,275
2024 $90,708 $65,718 $272,579 $24,990
2023 $105,813 $102,102 $247,589 $3,711
2022 $97,896 $56,264 $243,878 $41,632
2021 $125,983 $68,705 $202,247 $57,278
2020 $46,298 $44,614 $144,969 $1,684
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