ARTS NORTH CAROLINA INC

EIN: 237370520 501(c)(3)

RALEIGH, NC

Total Revenue
$309,851
Total Expenses
$302,094
Total Assets
$204,040
Net Assets
$187,124
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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
1986
Legal Domicile
NC
Principal Officer
NATHAN MCGAHA
Phone
9198341411
Tax Period
2023-07-01 to 2024-06-30

ARTS NORTH CAROLINA INC, founded in 1986, is a small nonprofit that reported $310K in total revenue in fiscal year 2023.

Mission

TO SUPPORT THE CULTURAL ARTS PROGRAMS OF ITS MEMBERS BY PROVIDING EDUCATIONAL INFORMATION AS WELL AS CONFERENCES AND WORKSHOPS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $240,734
Program Service Revenue $61,240
Investment Income $6,161
Other Revenue $1,716
TOTAL REVENUE $309,851

Expense Breakdown

Grants Paid $0
Salaries & Benefits $194,330
Fundraising Expenses $0
Program Expenses $268,531
Other Expenses $107,764
TOTAL EXPENSES $302,094

Year-over-Year Comparison

2023 2022 Change
Revenue $309,851 $305,637 +0.0%
Expenses $302,094 $308,482 0.0%
Net Income $7,757 $-2,845 -3.7%
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

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Governance

Voting Members
23
Independent Members
22
Employees
3
Volunteers
7

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
1
$113,784
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NATHAN MCGAHA EXECUTIVE DI 40.00
Officer
$109,090 $4,694 $113,784
ANTONIO ALANIS BOARD MEMBER 0.50
Director
$0 $0 $0
NEALY ANDREWS BOARD MEMBER 0.50
Director
$0 $0 $0
ZIZI BARHOUMA BOARD MEMBER 0.50
Director
$0 $0 $0
RHONDA BELLAMY BOARD CHAIR 0.50
Director
$0 $0 $0
KEVIN BLACKBURN BOARD MEMBER 0.50
Director
$0 $0 $0
MARY KATE BURKE BOARD MEMBER 0.50
Director
$0 $0 $0
KATIE CORNELL CHAIR ELECT 0.50
Director
$0 $0 $0
LONNIE DAVIS BOARD MEMBER 0.50
Director
$0 $0 $0
SHERRY DEVRIES BOARD MEMBER 0.50
Director
$0 $0 $0
SHANE FERNANDO BOARD MEMBER 0.50
Director
$0 $0 $0
RAE GEOFFREY TREASURER 0.50
Director
$0 $0 $0
GINA HARRISON BOARD MEMBER 0.50
Director
$0 $0 $0
CARLY JONES BOARD MEMBER 0.50
Director
$0 $0 $0
CHASE LAW BOARD MEMBER 0.50
Director
$0 $0 $0
KATIE MURRAY BOARD MEMBER 0.50
Director
$0 $0 $0
AMANDA NORMAN BOARD MEMBER 0.50
Director
$0 $0 $0
CHARLES PHANEUF EX-OFFICIO M 0.50
Director
$0 $0 $0
TIM SCALES PAST CHAIR 0.50
Director
$0 $0 $0
HEATHER STRICKLAND BOARD MEMBER 0.50
Director
$0 $0 $0
JAZZMONE SUTTON SECRETARY 0.50
Director
$0 $0 $0
KRISTA TERRELL BOARD MEMBER 0.50
Director
$0 $0 $0
YONA WADE BOARD MEMBER 0.50
Director
$0 $0 $0
BETH YERXA BOARD MEMBER 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 $309,851 $302,094 $204,040 $7,757
2023 $305,637 $308,482 $194,534 $-2,845
2022 $289,688 $238,653 $196,817 $51,035
2021 $304,921 $231,677 $147,310 $73,244
2020 $258,082 $235,459 $75,753 $22,623
2019 $246,073 $244,209 $49,334 $1,864
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