THE ARTS COUNCIL OF FAYETTEVILLE C… - Form 990 Financial Data

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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

1973

Legal Domicile

Principal Officer

ROBERT C PINSON

Phone

9103231776

Tax Period

2023-07-01 to 2024-06-30

THE ARTS COUNCIL OF FAYETTEVILLE CUMBERLAND COUNTY INC, founded in 1973, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2023. Expenses of $2.8M left a modest 10% surplus.

Mission

THE ARTS COUNCIL CONNECTS OUR COMMUNITIES, EMBRACES DIVERSITY, PROMOTES INDIVIDUAL CREATIVITY, ADVANCES ECONOMIC DEVELOPMENT, AND FOSTERS LIFELONG LEARNING THROUGH THE ARTS.

Program Service Accomplishments

Program 1

Expenses: $1,192,608

ADMINISTERS FUNDING REQUESTS FOR OPERATING SUPPORT, PROJECT SUPPORT, AND ARTS EDUCATION GRANT PROGRAMS FOR CUMBERLAND COUNTY, AS WELL AS INDIVIDUAL ARTISTS GRANT PROGRAM FOR A 5 COUNTY REGION.

Program 2

Expenses: $35,462 Revenue: $106,260

PROVIDES PROGRAMS/SERVICES TO INCLUDE ARTIST RESIDENCIES, WORKSHOPS, AND PERFORMANCES IN CUMBERLAND COUNTY, FORT LIBERTY AND PRIVATE SCHOOLS ALONG WITH COMMUNITY COLLABORATIONS.

Program 3

Expenses: $1,125,893

PRODUCES FREE AND OPEN-TO-THE-PUBLIC MULTI-DISCIPLINARY FESTIVALS AND EVENTS AND OTHER COMMUNITY COLLABORATIVE EVENTS. PROVIDES PROGRAMS/SERVICES; A SERIES OF GALLERY EXHIBITIONS (LOCAL AND...

PRODUCES FREE AND OPEN-TO-THE-PUBLIC MULTI-DISCIPLINARY FESTIVALS AND EVENTS AND OTHER COMMUNITY COLLABORATIVE EVENTS. PROVIDES PROGRAMS/SERVICES; A SERIES OF GALLERY EXHIBITIONS (LOCAL AND NATIONAL); MAINTAINS A FACILITY TAILORED FOR COMMUNITY ARTS WITH GALLERIES OPEN TO THE PUBLIC SIX DAYS A WEEK WHILE EXHIBITS ARE ON DISPLAY.

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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 $2,922,154

Program Service Revenue $106,260

Investment Income $123,780

Other Revenue $0

TOTAL REVENUE $3,152,194

Expense Breakdown

Grants Paid $1,214,328

Salaries & Benefits $790,890

Fundraising Expenses $30,223

Program Expenses $2,353,963

Other Expenses $842,078

TOTAL EXPENSES $2,847,296

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,152,194	$3,172,476	0.0%
Expenses	$2,847,296	$3,041,068	-0.1%
Net Income	$304,898	$131,408	+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

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
RICK ALLEN	BOARD MEMBER	2.00	Director	$0	$0	$0
DEVIN TREGO	CHAIRMAN	2.00	Officer Director	$0	$0	$0
PAVAN PATEL	TREASURER	2.00	Officer Director	$0	$0	$0
WALTER WHITE	SECRETARY	2.00	Officer Director	$0	$0	$0
JUELLE MCDONALD	BOARD MEMBER	2.00	Director	$0	$0	$0
SHARON SMITH MCNAIR	BOARD MEMBER	2.00	Director	$0	$0	$0
BETTY GOOLSBY	BOARD MEMBER	2.00	Director	$0	$0	$0
CHANCER MCLAUGHLIN	BOARD MEMBER	2.00	Director	$0	$0	$0
DR MARY FERGUSON	BOARD MEMBER	2.00	Director	$0	$0	$0
DR ERICKA WHITAKER	BOARD MEMBER	2.00	Director	$0	$0	$0
DR KENJUANA MCCRAY	BOARD MEMBER	2.00	Director	$0	$0	$0
CAITLYN BARNETT	BOARD MEMBER	2.00	Director	$0	$0	$0
RAY THOMAS	BOARD MEMBER	2.00	Director	$0	$0	$0
TONI S KING	BOARD MEMBER	2.00	Director	$0	$0	$0
TANESHIA KERR	BOARD MEMBER	2.00	Director	$0	$0	$0
KERRI THOMPSON TILLETT	BOARD MEMBER	2.00	Director	$0	$0	$0
JOY MELVIN	BOARD MEMBER	2.00	Director	$0	$0	$0
LUIS COLLAZO	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
ANDREW HENRICKSON	BOARD MEMBER	2.00	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
2024	$3,152,194	$2,847,296	$4,524,902	$304,898
2023	$3,172,476	$3,041,068	$4,049,538	$131,408
2022	$2,578,724	$2,331,137	$3,779,003	$247,587
2021	$2,817,380	$2,108,807	$3,778,733	$708,573
2020	$2,443,737	$2,622,167	$3,124,424	$-178,430

THE ARTS COUNCIL OF FAYETTEVILLE CUMBERLAND COUNTY INC