ASHEVILLE CREATIVE ARTS INC (EIN 464551364) - Form 990 Financial Analysis & Trantor Score

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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

2014

Legal Domicile

Principal Officer

ABBY FELDER

Phone

9148303000

Tax Period

2023-09-01 to 2024-08-31

ASHEVILLE CREATIVE ARTS INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $676K in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $844K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO PROVIDE HIGH QUALITY PREOFESSIONAL THEATRE, PERFORMANCES, AND ARTS EXPERIENCES TO ASHEVILLE AUDIENCES OF ALL AGES, AND OFFERING FISCAL SPONSORSHIP AND RELATED SERVICES TO SIBLING ENTERPRISES AND ARTS NONPROFIT.

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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 $563,245

Program Service Revenue $111,367

Investment Income $311

Other Revenue $850

TOTAL REVENUE $675,773

Expense Breakdown

Grants Paid $0

Salaries & Benefits $108,116

Fundraising Expenses $17,391

Program Expenses $772,462

Other Expenses $731,035

TOTAL EXPENSES $844,151

Year-over-Year Comparison

	2023	2022	Change
Revenue	$675,773	$1,352,592	-0.5%
Expenses	$844,151	$886,272	0.0%
Net Income	$-168,378	$466,320	-1.4%

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

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

$80,000

Total Directors

$80,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABIGAIL FELDER	EXECUTIVE DIRECTOR	40.00	Officer Director	$80,000	$0	$80,000
SARAH ELIZABETH MALINAK	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
REBECCA O'NEILL	TREASURER	1.00	Officer Director	$0	$0	$0
LAURA HOPKINS	SECRETARY	1.00	Officer 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	$675,773	$844,151	$505,861	$-168,378
2023	$1,352,592	$886,272	$855,391	$466,320
2022	$523,861	$527,424	$174,295	$-3,563
2021	$635,666	$575,664	$182,317	$60,002
2020	$254,134	$137,161	$117,219	$116,973

ASHEVILLE CREATIVE ARTS INC