Yadkin Arts Council Inc

EIN: 510162387 501(c)(3)

Yadkinville, NC

Total Revenue
$943,515
Total Expenses
$1,035,434
Total Assets
$3,239,199
Net Assets
$2,954,394
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
NC
Principal Officer
John Willingham
Phone
3366792941
Tax Period
2024-07-01 to 2025-06-30

Yadkin Arts Council Inc, founded in 1975, is a small nonprofit that reported $944K in total revenue in fiscal year 2024. Net assets of $3.0M represent 38 months of operating reserves.

Mission

The exempt purpose of Yadkin Arts Council, Inc. is to coordinate and develop the cultural resources in Yadkin County in connection with the arts and to enrich lives through the arts.

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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 (2024)

Revenue Breakdown

Contributions & Grants $704,396
Program Service Revenue $0
Investment Income $5
Other Revenue $239,114
TOTAL REVENUE $943,515

Expense Breakdown

Grants Paid $10,448
Salaries & Benefits $459,312
Fundraising Expenses $3,591
Program Expenses $250,397
Other Expenses $565,674
TOTAL EXPENSES $1,035,434

Year-over-Year Comparison

2024 2023 Change
Revenue $943,515 $882,473 +0.1%
Expenses $1,035,434 $1,015,850 +0.0%
Net Income $-91,919 $-133,377 -0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
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
4
$85,480
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Willingham President 10.00
Officer Director
$0 $0 $0
Mark Brandon Vice Pres/Treasurer 2.00
Officer Director
$0 $0 $0
Gray Renegar Secretary 2.00
Officer Director
$0 $0 $0
Ercel Carter Board Member 0.00
Director
$0 $0 $0
Joel Cornelius Board Member 0.00
Director
$0 $0 $0
Jim Drum Board Member 0.00
Director
$0 $0 $0
Lisa Drum Board Member 0.00
Director
$0 $0 $0
Robert Garcia Board Member 0.00
Director
$0 $0 $0
Angel Johnson Board Member 0.00
Director
$0 $0 $0
Joy Kay Board Member 0.00
Director
$0 $0 $0
Patrick Long Board Member 0.00
Director
$0 $0 $0
Anna Peterson Board Member 0.00
Director
$0 $0 $0
Shannon Taylor Board Member 0.00
Director
$0 $0 $0
Susie Tickle Board Member 0.00
Director
$0 $0 $0
Amos Westmoreland Board Member 0.00
Director
$0 $0 $0
Donna Willingham Board Member 0.00
Director
$0 $0 $0
Dan Cornelius Board Member 0.00
Director
$0 $0 $0
Mike Koser Board Member 0.00
Director
$0 $0 $0
Harvey Urieta Board Member 0.00
Director
$0 $0 $0
Sarah Smith Executive Director 40.00
Officer
$85,480 $0 $85,480
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
2025 $943,515 $1,035,434 $3,239,199 $-91,919
2024 $882,473 $1,015,850 $3,351,458 $-133,377
2023 $1,210,122 $928,234 $3,183,939 $281,888
2022 $903,830 $921,952 $2,901,879 $-18,122
2021 $640,391 $739,473 $3,006,795 $-99,082
2020 $784,067 $907,692 $3,108,355 $-123,625
2019 $819,336 $919,027 $3,146,895 $-99,691
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