IREDELL ARTS COUNCIL 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

1972

Legal Domicile

Principal Officer

SYDNEY KOPPELMEYER

Phone

7048736100

Tax Period

2023-07-01 to 2024-06-30

IREDELL ARTS COUNCIL INC, founded in 1972, is a small nonprofit in the Arts, Culture & Humanities sector that reported $336K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $54K, a strong 16% operating margin.

Mission

TO INITIATE, SUPPORT AND ADVANCE THE ARTS AND CULTURAL ACTIVITIES IN IREDELL COUNTY, NORTH CAROLINA.

Program Service Accomplishments

Program 1

Expenses: $112,653

GRANTS AWARDED TO LOCAL ORGANIZATIONS TO PROMOTE LOCAL ART EVENTS.

Program 2

Expenses: $49,152

SPONSOR LOCAL MUSICAL CONCERT SERIES.

Program 3

Expenses: $22,374

FILM BLOOM FILM FESTIVAL EVENTS.

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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 $282,069

Program Service Revenue $52,165

Investment Income $2,155

Other Revenue $0

TOTAL REVENUE $336,389

Expense Breakdown

Grants Paid $0

Salaries & Benefits $46,400

Fundraising Expenses $0

Program Expenses $257,820

Other Expenses $236,290

TOTAL EXPENSES $282,690

Year-over-Year Comparison

	2023	2022	Change
Revenue	$336,389	$260,940	+0.3%
Expenses	$282,690	$229,401	+0.2%
Net Income	$53,699	$31,539	+0.7%

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

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

$38,062

Total Directors

$1,455

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN KOPPELMEYER	EXECUTIVE DI	40.00	Officer	$36,607	$0	$36,607
SYDNEY KOPPELMEYER	EXECUTIVE DI	40.00	Officer Director	$1,455	$0	$1,455
TOMMY ALLISON	DIRECTOR	N/A	Director	$0	$0	$0
DAWN CLARK	DIRECTOR	N/A	Director	$0	$0	$0
SAM FOX	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD GRIGGS	DIRECTOR	N/A	Director	$0	$0	$0
ED HAYES	TREASURER	N/A	Officer Director	$0	$0	$0
ASHLEY JIMENEZ	DIRECTOR	N/A	Director	$0	$0	$0
KIRK LAWTON	BOARD CHAIRM	N/A	Director	$0	$0	$0
FREDDY MORRISON	DIRECTOR	N/A	Director	$0	$0	$0
SUE SHOEMAKER	SECRETARY	N/A	Officer Director	$0	$0	$0
SHAN'EE WASSON	DIRECTOR	N/A	Director	$0	$0	$0
ARNOLD WATT	DIRECTOR	N/A	Director	$0	$0	$0
HOLDEN WELCH	DIRECTOR	N/A	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	$336,389	$282,690	$159,626	$53,699
2023	$260,940	$229,401	$105,048	$31,539
2021	$293,054	$254,487	$72,285	$38,567