McColl Center for Art Innovation

EIN: 510195015 501(c)(3) Arts, Culture & Humanities

Charlotte, NC

Total Revenue
$1,488,926
Total Expenses
$2,338,383
Total Assets
$14,500,478
Net Assets
$14,148,261
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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
1976
Legal Domicile
NC
Principal Officer
Asa Jackson
Phone
7043325535
Tax Period
2024-07-01 to 2025-06-30

McColl Center for Art Innovation, founded in 1976, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Expenses of $2.3M exceeded revenue, resulting in a 57% operating deficit.

Mission

WE CHAMPION CONTEMPORARY ARTISTS AND SPARK CREATIVE EXPERIENCES FOR POSITIVE COMMUNITY IMPACT.

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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 $1,242,332
Program Service Revenue $218,062
Investment Income $0
Other Revenue $28,532
TOTAL REVENUE $1,488,926

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,000,124
Fundraising Expenses $301,339
Program Expenses $1,416,715
Other Expenses $1,338,259
TOTAL EXPENSES $2,338,383

Year-over-Year Comparison

2024 2023 Change
Revenue $1,488,926 $1,425,870 +0.0%
Expenses $2,338,383 $2,070,631 +0.1%
Net Income $-849,457 $-644,761 +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

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
20
Independent Members
20
Employees
38
Volunteers
3

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
6
$129,591
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Armando Bellmas Interim Pres 50.00
Officer
$126,402 $3,189 $129,591
Brian Bernhardt Gov. Chair 2.00
Officer Director
$0 $0 $0
Ingrid Amols Board Member 2.00
Director
$0 $0 $0
Vicki Block Finance Chair 2.00
Officer Director
$0 $0 $0
Laura Smith Chair 2.00
Officer Director
$0 $0 $0
Jami Farris Governance Chai 1.00
Director
$0 $0 $0
Cheryl Kaufman Board Member 1.00
Director
$0 $0 $0
Ulrike Miles Board Member 1.00
Director
$0 $0 $0
Paige Roselle Board Member 1.00
Director
$0 $0 $0
David Campbell Past Chair 2.00
Officer Director
$0 $0 $0
Derrick Thompson Operations Chai 1.00
Director
$0 $0 $0
Audra Tyree Devel. Chair 2.00
Officer Director
$0 $0 $0
Kevin Wright Board Member 1.00
Director
$0 $0 $0
Lauren Bolshakov Board Member 1.00
Director
$0 $0 $0
Nelia Verano Boad Member 1.00
Director
$0 $0 $0
John Roberts Board Member 1.00
Director
$0 $0 $0
Keith Cradle Board Member 1.00
Director
$0 $0 $0
Jeanne Johnson Board Member 1.00
Director
$0 $0 $0
Casey Smith Board Member 1.00
Director
$0 $0 $0
Ivan Toth Depena Board Member 1.00
Director
$0 $0 $0
MyLoan Dinh Board Member 1.00
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
2025 $1,488,926 $2,338,383 $14,500,478 $-849,457
2024 $1,425,870 $2,070,631 $14,351,221 $-644,761
2023 $1,642,105 $2,061,105 $13,973,881 $-419,000
2022 $1,530,914 $1,939,028 $13,612,021 $-408,114
2021 $1,070,929 $1,740,370 $15,434,456 $-669,441
2020 $2,439,387 $1,597,958 $14,043,354 $841,429
2019 $1,161,966 $1,611,539 $13,002,930 $-449,573
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