RAWLS MUSEUM ARTS INC

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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

1980

Legal Domicile

Principal Officer

LYNETTE ALLSTON

Phone

7576530754

Tax Period

2023-07-01 to 2024-06-30

RAWLS MUSEUM ARTS INC, founded in 1980, is a small nonprofit in the Arts, Culture & Humanities sector that reported $143K in total revenue in fiscal year 2023. Revenue surged 58% from the prior year, signaling strong growth momentum. Expenses of $123K left a modest 14% surplus.

Mission

TO PROMOTE, ENCOURAGE AND DEVELOP INTEREST IN, KNOWLEDGE OF, APPRECIATION FOR AND PRACTICE OF THE ARTS; TO PROVIDE COLLECTIVE CULTURAL ENRICHMENT FOR THE PEOPLE OF THE CITY OF FRANKLIN, AND THE COUNTIES OF ISLE OF WIGHT, SOUTHAMPTON, SURRY, AND SUSSEX

Program Service Accomplishments

Program 1

Expenses: $97,053

YOUTH AND ADULT ART EDUCATIONAL AND ENHANCEMENT PROGRAMS; ART CLASSES, LECTURES, EXHIBITS, SHOWS, CONCERTS, CAMPS, AND WORKSHOPS.

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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 $130,343

Program Service Revenue $6,511

Investment Income $556

Other Revenue $5,931

TOTAL REVENUE $143,341

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,096

Fundraising Expenses $0

Program Expenses $97,053

Other Expenses $75,895

TOTAL EXPENSES $122,991

Year-over-Year Comparison

	2023	2022	Change
Revenue	$143,341	$90,764	+0.6%
Expenses	$122,991	$122,404	+0.0%
Net Income	$20,350	$-31,640	-1.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNETTE ALLSTON	PRESIDENT	3.00	Officer Director	$0	$0	$0
DIANE BRACY	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA COUNCILL	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY COVINGTON	DIRECTOR	1.00	Director	$0	$0	$0
DAMIAN DWYER	DIRECTOR	1.00	Officer Director	$0	$0	$0
HOLLY FOWLER	SECRETARY	2.00	Officer Director	$0	$0	$0
RICK FRANCIS	DIRECTOR	1.00	Director	$0	$0	$0
MANDY HALL	DIRECTOR	1.00	Director	$0	$0	$0
WITT HARPER	TREASURER	2.00	Officer Director	$0	$0	$0
KENNY KING	DIRECTOR	1.00	Director	$0	$0	$0
JANE RIDDICK-FRIES	VICE PRESIDE	2.00	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
2025	No data	No data	No data	No data
2024	$143,341	$122,991	$280,144	$20,350
2023	$90,764	$122,404	$259,040	$-31,640
2022	$117,113	$100,267	$290,678	$16,846
2021	$98,139	$118,004	$273,952	$-19,865
2020	$113,742	$135,733	$293,871	$-21,991
2019	$105,826	$143,714	$725,378	$-37,888