Asheville Glass Art School (EIN 472611822) - 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

Candace Reilly

Phone

8285053552

Tax Period

2023-10-01 to 2024-09-30

Asheville Glass Art School, founded in 2014, is a small nonprofit in the Education sector that reported $834K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

The North Carolina Glass Center is dedicated to education, exploration and collaboration in all forms of glass.

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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 $266,818

Program Service Revenue $409,259

Investment Income $2,124

Other Revenue $156,094

TOTAL REVENUE $834,295

Expense Breakdown

Grants Paid $0

Salaries & Benefits $556,991

Fundraising Expenses $31,977

Program Expenses $614,053

Other Expenses $292,115

TOTAL EXPENSES $849,106

Year-over-Year Comparison

	2023	2022	Change
Revenue	$834,295	$956,292	-0.1%
Expenses	$849,106	$764,977	+0.1%
Net Income	$-14,811	$191,315	-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

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

$66,875

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Candace Reilly	Executive Director	40.00	Officer	$66,875	$0	$66,875
Tom Oreck	Board Chair	1.00	Officer Director	$0	$0	$0
N/A	Vice-Chair	0.00	Officer Director	$0	$0	$0
Dan Mullinix	Treasurer	1.00	Officer Director	$0	$0	$0
Ashleigh Hardes Koslow	Secretary	1.00	Officer Director	$0	$0	$0
Rick Eckerd	Board Member	0.00	Director	$0	$0	$0
Lindsey Grossman	Board Member	0.00	Director	$0	$0	$0
Mark Hursty	Board Member	0.00	Director	$0	$0	$0
Alexandra Whitman	Board Member	0.00	Director	$0	$0	$0
Samuel Yanes	Board Member	0.00	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	$834,295	$849,106	$510,222	$-14,811
2023	$956,292	$764,977	$508,829	$191,315
2022	$735,890	$617,135	$318,899	$118,755
2021	$421,842	$485,022	$309,507	$-63,180
2020	$378,296	$484,746	$340,427	$-106,450
2019	$589,348	$522,718	$358,987	$66,630
2018	$539,156	$458,652	$338,153	$80,504

Asheville Glass Art School