THE FAYETTEVILLE ART ALLIANCE (EIN 455196864) - 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

Sharon Killian

Phone

4798712722

Tax Period

2023-01-01 to 2023-12-31

THE FAYETTEVILLE ART ALLIANCE, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $237K in total revenue in fiscal year 2018. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $205K left a modest 14% surplus.

Mission

"Art Ventures is an incubator for diverse local/regional artists and conducts K-12 art education/exhibitions, curatorial internships, and community engagement."

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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 $154,831

Program Service Revenue $50,393

Investment Income $0

Other Revenue $0

TOTAL REVENUE $205,224

Expense Breakdown

Grants Paid $0

Salaries & Benefits $154,490

Fundraising Expenses $10,807

Program Expenses $259,949

Other Expenses $157,605

TOTAL EXPENSES $312,095

Year-over-Year Comparison

	2023	2022	Change
Revenue	$205,224	$291,969	-0.3%
Expenses	$312,095	$402,762	-0.2%
Net Income	$-106,871	$-110,793	0.0%

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
Sharon Killian	President	10	Director	$0	$0	$0
Karolyn Farrell	Secretary	5	Director	$0	$0	$0
Kent Oliver	Treasurer	2	Director	$0	$0	$0
Quintin Canada	Board Member	2	Director	$0	$0	$0
Craig Underwood	Board Member	2	Director	$0	$0	$0
Syard Evans	Board Member	2	Director	$0	$0	$0
Esther Silver Parker	Board Member	2	Director	$0	$0	$0
Ana Aguayo	Board Member	2	Director	$0	$0	$0
Jennifer Greenhill	Board Member	2	Director	$0	$0	$0
Paige Phillips	Board Member	2	Director	$0	$0	$0
Brie Madden	Board Member	2	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
2023	$205,224	$312,095	$49,019	$-106,871
2022	$291,969	$402,762	$152,698	$-110,793
2021	$166,458	$241,367	$262,725	$-74,909
2020	$261,720	$141,318	$336,323	$120,402
2019	$382,751	$198,803	$240,057	$183,948
2018	$237,332	$204,851	$79,545	$32,481

THE FAYETTEVILLE ART ALLIANCE