KNOX CONCERT SERIES 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

1971

Legal Domicile

Principal Officer

BRETT KEY

Phone

2562352553

Tax Period

2021-08-01 to 2022-07-31

KNOX CONCERT SERIES INC, founded in 1971, is a small nonprofit that reported $121K in total revenue in fiscal year 2021. Revenue decreased 12% compared to the prior year. Expenses of $140K exceeded revenue, resulting in a 16% operating deficit.

Mission

DEDICATED TO BRINGING NATIONALLY AND INTERNATIONALLY KNOW PERFORMING ARTIST AND ENSEMBLES TO CALHOUN COUNTY. THE ORGANIZATION EXIST TO STIMULATE CULTURAL INTERST AND TO ENHANCE THE QUALITY OF LIFE OF THE CITIZENS OF THE AREA BY MAKING AVAILABLE, PROFESSIONALLY STAGED PRESENTATIONS. KNOX ALSO PROVIDES EDUCATIONAL OPPORTUNITIES FOR DIVERSE AUDIENCES IN ORDER TO EXPAND THEIR MUSICAL TASTES AND KNOWLEDGE.

Program Service Accomplishments

Program 1

Expenses: $136,368 Revenue: $93,716

THEATRICAL PRODUCTIONS AND SPECIAL PROGRAMS FOR SCHOOLS WERE PROVIDED.

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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 (2021)

Revenue Breakdown

Contributions & Grants $27,000

Program Service Revenue $93,716

Investment Income $0

Other Revenue $0

TOTAL REVENUE $120,716

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $136,368

Other Expenses $139,659

TOTAL EXPENSES $139,659

Year-over-Year Comparison

	2021	2020	Change
Revenue	$120,716	$136,913	-0.1%
Expenses	$139,659	$101,195	+0.4%
Net Income	$-18,943	$35,718	-1.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN MARSH	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
JERRY LEAKE	SECRETARY	2.00	Officer Director	$0	$0	$0
BRETT KEY	TREASURER	2.00	Officer Director	$0	$0	$0
CHAD JONES	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DEBBI CLONTS	BOARD MEMEBER	1.00	Director	$0	$0	$0
JACKI LOWRY	BOARD MEMEBER	1.00	Director	$0	$0	$0
PHILL WEBB	PAST CHAIRMAN	1.00	Director	$0	$0	$0
ELIZABETH DAVIS	BOARD MEMEBER	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
2022	$120,716	$139,659	$330,398	$-18,943
2021	$136,913	$101,195	$345,993	$35,718
2020	$402,404	$277,879	$310,275	$124,525
2019	$573,831	$669,197	$316,121	$-95,366
2018	$647,418	$778,204	$536,306	$-130,786