FUQUAY-VARINA ARTS FOUNDATION INC

EIN: 465290303 501(c)(3)

FUQUAYVARINA, NC

Total Revenue
$383,560
Total Expenses
$1,323,179
Total Assets
N/A
Net Assets
N/A
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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
NC
Principal Officer
ROBERT J BARKER
Phone
9195523431
Tax Period
2020-01-01 to 2020-12-31

FUQUAY-VARINA ARTS FOUNDATION INC, founded in 2014, is a small nonprofit that reported $384K in total revenue in fiscal year 2020. Expenses of $1.3M exceeded revenue, resulting in a 245% operating deficit.

Mission

PROMOTE, FINANCE AND MANAGE A PERFORMING ARTS CENTER IN FUQUAY-VARINA, NC

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $383,560
Other Revenue $0
TOTAL REVENUE $383,560

Expense Breakdown

Grants Paid $1,317,059
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,317,059
Other Expenses $6,120
TOTAL EXPENSES $1,323,179

Year-over-Year Comparison

2020 2019 Change
Revenue $383,560 $-7,919 -49.4%
Expenses $1,323,179 $119,367 +10.1%
Net Income $-939,619 $-127,286 +6.4%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT J BARKER CHAIRMAN 0.10
Officer Director
$0 $0 $0
NANCY B JOHNS DIRECTOR 0.10
Director
$0 $0 $0
NAOMI RILEY SECRETARY 0.10
Officer Director
$0 $0 $0
ANN MARIE AMICO DIRECTOR 0.10
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
2020 $383,560 $1,323,179 No data $-939,619
2019 $-7,919 $119,367 $1,062,051 $-127,286
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