FOLK SCHOOL OF FAYETTEVILLE INC (EIN 454758501) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

BRYAN C HEMBREE

Phone

4797997668

Tax Period

2023-01-01 to 2023-12-31

FOLK SCHOOL OF FAYETTEVILLE INC, founded in 2012, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2018. Revenue surged 299% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 8% surplus.

Mission

BUILD COMMUNITY THROUGH EDUCATION AND CONCERTS/FESTIVALS THAT PROMOTE THE PERPETUATION OF TRADITIONAL AMERICAN AND WORLD MUSIC AND FOLK LIFE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $62,746

Program Service Revenue $121,621

Investment Income $0

Other Revenue $99

TOTAL REVENUE $184,466

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,842

Fundraising Expenses $4,551

Program Expenses $86,637

Other Expenses $118,772

TOTAL EXPENSES $148,614

Year-over-Year Comparison

	2023	2022	Change
Revenue	$184,466	$535,544	-0.7%
Expenses	$148,614	$859,983	-0.8%
Net Income	$35,852	$-324,439	-1.1%

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

150

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

$11,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BERNICE C HEMBREE	OFFICER	20.00	Director	$11,400	$0	$11,400
JEREMY GAWTHROP	OFFICER	5.00	Director	$0	$0	$0
STERLING HAMILTON	OFFICER	5.00	Director	$0	$0	$0
BRYAN C HEMBREE	OFFICER	20.00	Director	$0	$0	$0
NEAL PENDERGRAFT	OFFICER	5.00	Director	$0	$0	$0
JACKIE TELFAIR	OFFICER	5.00	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	No data	No data	No data	No data
2023	$184,466	$148,614	$210,569	$35,852
2022	$535,544	$859,983	$167,010	$-324,439
2021	$764,462	$966,548	$499,312	$-202,086
2020	$700,052	$389,802	$620,561	$310,250
2019	$825,018	$913,027	$116,006	$-88,009
2018	$1,202,377	$1,110,233	$204,015	$92,144

FOLK SCHOOL OF FAYETTEVILLE INC