Winston Salem Delta Fine Arts Inc (EIN 237282952) - 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

1972

Legal Domicile

Principal Officer

Whitney Harness

Phone

3367222625

Tax Period

2023-07-01 to 2024-06-30

Winston Salem Delta Fine Arts Inc, founded in 1972, is a small nonprofit in the Arts, Culture & Humanities sector that reported $271K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $261K left a modest 4% surplus.

Mission

Promotes appreciation of the arts through exhibitions, lectures, symposiums, and education.

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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 $223,089

Program Service Revenue $17,247

Investment Income $0

Other Revenue $30,382

TOTAL REVENUE $270,718

Expense Breakdown

Grants Paid $0

Salaries & Benefits $137,155

Fundraising Expenses $4,322

Program Expenses $169,225

Other Expenses $123,495

TOTAL EXPENSES $260,650

Year-over-Year Comparison

	2023	2022	Change
Revenue	$270,718	$196,147	+0.4%
Expenses	$260,650	$218,774	+0.2%
Net Income	$10,068	$-22,627	-1.4%

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

$67,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Whitney Harness	Executive Director	040.00	Officer	$67,500	$0	$67,500
Honorable Denise S Hartsfield	President	002.00	Officer Director	$0	$0	$0
Jackie Haynes	Treasurer	001.00	Officer Director	$0	$0	$0
Charmon Baker	Immediate Past President	001.00	Officer Director	$0	$0	$0
Cynthia Jeffries	Secretary	001.00	Officer Director	$0	$0	$0
Evelyn Durham	Board Member	001.00	Director	$0	$0	$0
Sherri Paysour	Board Member	001.00	Director	$0	$0	$0
Corry Brunson	Board Member	001.00	Director	$0	$0	$0
Christopher Hinton	Board Member	001.00	Director	$0	$0	$0
Frankie Denise Penn Powell PhD	Board Member	001.00	Director	$0	$0	$0
Dr R Delaney Christian	Board Member	001.00	Director	$0	$0	$0
Quentin Huff	Board Member	001.00	Director	$0	$0	$0
Ownes Daniels	Board Member	001.00	Director	$0	$0	$0
Rebeca Segebre	Board Member	001.00	Director	$0	$0	$0
Victor Aparicio	Board Member	001.00	Director	$0	$0	$0
Brenda Sloan	Board Member	001.00	Director	$0	$0	$0
Dr Linda P McRae	Board Member	001.00	Director	$0	$0	$0
Rev Renee Griffin	Board Member	001.00	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	No data	No data	No data	No data
2024	$270,718	$260,650	$520,964	$10,068
2023	$196,147	$218,774	$546,439	$-22,627
2022	$131,974	$109,085	$563,302	$22,889
2021	$107,015	$74,397	$545,918	$32,618

Winston Salem Delta Fine Arts Inc