NORTH CAROLINA ARTS IN ACTION 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

2005

Legal Domicile

Principal Officer

MARLON TORRES

Phone

9196190483

Tax Period

2024-07-01 to 2025-06-30

NORTH CAROLINA ARTS IN ACTION INC, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $760K in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 46% operating deficit.

Mission

TO HELP CHILDREN DEVELOP CRITICAL LIFE SKILLS (LEADERSHIP, DISCIPLINE, CREATIVITY, TENACITY) AND A BELIEF IN THEMSELVES THROUGH PERFORMANCE BASED DANCE ACTIVITIES DURING THE SCHOOL DAY AND AFTER SCHOOL.

Program Service Accomplishments

Program 1

Expenses: $945,350 Revenue: $157,800

SCHOOL RESIDENCIES ARE THE CORE OF NCAIA'S PROGRAMMING. THROUGH ITS IN-SCHOOL PROGRAM, NCAIA PARTNERS WITH AREA ELEMENTARY SCHOOLS TO SERVE ENTIRE FOURTH-GRADE CLASSES THROUGH 16 WEEKS OF SEQUENTIAL ARTS INSTRUCTION, USING THE INTERNATIONALLY ACCLAIMED TEACHING METHODOLOGIES OF THE NATIONAL DANCE INSTITUTE. EACH CLASSROOM RECEIVES ONE HOUR OF INSTRUCTION PER NCAIA SESSION. STUDENTS' HARD WORK CULMINATES IN A SERIES OF LIVE PERFORMANCES FOR THE SCHOOL COMMUNITY, FAMILY, AND FRIENDS.IN THE 2024-2025 SCHOOL YEAR, NCAIA EXPANDED FROM 14 TO 20 SCHOOLS, REACHING NEARLY 1,800 CHILDREN IN 85 CLASSROOMS ACROSS WAKE, DURHAM, ORANGE, AND CHATHAM COUNTIES. THIS TOTAL INCLUDES PARTICIPATION IN LEAP, NCAIA'S SATURDAY PROGRAM. NCAIA'S DEDICATED TEAM OF 29 TEACHERS, MUSICIANS, AND STAFF ALSO PRESENTED PERFORMANCES FOR MORE THAN 7,000 CHILDREN, SIGNIFICANTLY BROADENING THE ORGANIZATION'S COMMUNITY IMPACT.THIS YEAR'S THEME, "IT'S ELEMENTAL," FOCUSED ON THE FOUR NATURAL ELEMENTSFIRE, WIND, EARTH, AND WATERAS ESSENTIAL BUILDING BLOCKS OF OUR WORLD. GUIDED BY SOCIAL STUDIES AND SCIENCE CURRICULUM STANDARDS, STUDENTS EXPLORED HOW THESE ELEMENTS SHAPE DAILY LIFE AND HELP SUSTAIN THE PLANET.

Program 2

Expenses: $31,784 Revenue: $1,916

LEAP (LEARNING EXCELLENCE AND PERSEVERANCE) TEAM, THE NCAIA ALUMNI PROGRAM BROADENED ITS SERVICES TO INCLUDE CHILDREN CURRENTLY PARTICIPATING IN THE NCAIA FOURTH GRADE PROGRAMS. THESE NEW FOURTH...

LEAP (LEARNING EXCELLENCE AND PERSEVERANCE) TEAM, THE NCAIA ALUMNI PROGRAM BROADENED ITS SERVICES TO INCLUDE CHILDREN CURRENTLY PARTICIPATING IN THE NCAIA FOURTH GRADE PROGRAMS. THESE NEW FOURTH GRADERS PROVIDED FRESH ENERGY AND ENTHUSIASM AND SERVED AS BENEFICIAL AMBASSADORS OF THE PROGRAM AT THEIR ELEMENTARY SCHOOLS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $617,106

Program Service Revenue $159,716

Investment Income $20,614

Other Revenue $-37,422

TOTAL REVENUE $760,014

Expense Breakdown

Grants Paid $0

Salaries & Benefits $703,325

Fundraising Expenses $101,671

Program Expenses $977,134

Other Expenses $409,343

TOTAL EXPENSES $1,112,668

Year-over-Year Comparison

	2024	2023	Change
Revenue	$760,014	$2,027,065	-0.6%
Expenses	$1,112,668	$1,015,419	+0.1%
Net Income	$-352,654	$1,011,646	-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

$163,361

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARS VON KANTZOW	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
LAURA BAYZLE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KIM STUNTZ	TREASURER	3.00	Officer Director	$0	$0	$0
DANIEL PALCHINSKY	SECRETARY	2.00	Officer Director	$0	$0	$0
MELODY DIAZ	DIRECTOR	2.00	Director	$0	$0	$0
FREDDIE-LEE HEATH	DIRECTOR	2.00	Director	$0	$0	$0
CAROL HOLLAND	DIRECTOR	2.00	Director	$0	$0	$0
SAM KUMAR	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY LARICHE	DIRECTOR	2.00	Director	$0	$0	$0
MARY LAGERE	DIRECTOR	2.00	Director	$0	$0	$0
SHAWNA CANNON-LEMON	DIRECTOR	2.00	Director	$0	$0	$0
MINDY SOLIE	DIRECTOR	2.00	Director	$0	$0	$0
MARLON TORRES	EXECUTIVE DIRECTOR	40.00	Officer	$143,272	$20,089	$163,361

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	$760,014	$1,112,668	$1,021,570	$-352,654
2024	$2,027,065	$1,015,419	$1,361,961	$1,011,646
2023	$568,010	$797,443	$349,072	$-229,433
2022	$613,995	$589,388	$589,920	$24,607
2021	$714,626	$439,667	$561,846	$274,959
2020	$538,043	$526,879	$278,824	$11,164
2019	$486,448	$480,459	$267,278	$5,989