Penland, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Penland School Of Craft, founded in 1929, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $10.7M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Net assets of $78.0M represent 88 months of operating reserves.
PENLAND SCHOOL OF CRAFT IS AN INTERNATIONAL CENTER FOR CRAFT EDUCATION. PENLAND OFFERS ONE-WEEK TO EIGHT-WEEK WORKSHOPS IN BOOKS AND PAPER, CLAY, DRAWING, GLASS, IRON, METALS, PHOTOGRAPHY, PRINTMAKING, TEXTILES, WOOD AND LETTERPRESS STUDIOS. THE SCHOOL ALSO SPONSORS ARTISTS' RESIDENCIES, EDUCATIONAL OUTREACH PROGRAMS, AND A CRAFT GALLERY. IN A TYPICAL YEAR, WE SERVE APPROXIMATELY 1,400 STUDENTS AND 16,000 VISITORS.
PENLAND SCHOOL OF CRAFT IS AN INTERNATIONAL CENTER FOR CRAFT EDUCATION. PENLAND OFFERS ONE-WEEK TO EIGHT-WEEK WORKSHOPS IN BOOKS AND PAPER, CLAY, DRAWING, GLASS, IRON, METALS, PHOTOGRAPHY...
PENLAND SCHOOL OF CRAFT IS AN INTERNATIONAL CENTER FOR CRAFT EDUCATION. PENLAND OFFERS ONE-WEEK TO EIGHT-WEEK WORKSHOPS IN BOOKS AND PAPER, CLAY, DRAWING, GLASS, IRON, METALS, PHOTOGRAPHY, PRINTMAKING, TEXTILES, WOOD AND LETTERPRESS STUDIOS. THE SCHOOL ALSO SPONSORS ARTISTS' RESIDENCIES, EDUCATIONAL OUTREACH PROGRAMS, AND A CRAFT GALLERY. IN A TYPICAL YEAR, WE SERVE APPROXIMATELY 1,400 STUDENTS AND 16,000 VISITORS. STUDIO CLASSES: PENLAND'S ADULT CRAFT EDUCATION PROGRAM OFFERS PROFESSIONAL TRAINING IN BOOKS, PAPER, CLAY, DRAWING, PAINTING, GLASS, IRON, LETTERPRESS, PRINT, METALS, PHOTOGRAPHY, TEXTILES, AND WOOD IN 16 STUDIOS. IN FY25, PENLAND SERVED 1,500 STUDENTS IN ADULT CRAFT WORKSHOPS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $10,699,059 | $8,729,942 | +0.2% |
| Expenses | $10,797,378 | $9,804,833 | +0.1% |
| Net Income | $-98,319 | $-1,074,891 | -0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| FRED SANDERS | PAST-CHAIR | 15.0 |
Officer
Director
|
$0 | $0 | $0 |
| LILLIAN GIORNELLI | CHAIR | 15.0 |
Officer
Director
|
$0 | $0 | $0 |
| MERRILY ORSINI | TREASURER | 15.0 |
Officer
Director
|
$0 | $0 | $0 |
| VINCE WATCHORN | VICE CHAIR | 15.0 |
Officer
Director
|
$0 | $0 | $0 |
| VIRGINIA KRAUS | SECRETARY | 15.0 |
Officer
Director
|
$0 | $0 | $0 |
| ABRAHAM THOMAS | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| ALTHEA MURPHY-PRICE | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| BRENDA WHEELER | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| CATHY ABBOTT | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| CATHY ADELMAN | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| CHE RHODES | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| COREY PEMBERTON | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| DAIL DIXON | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| DIANE CHARNOV | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| DOUG QUACKENBUSH | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| E VINCENT MARTINEZ | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| EDWARD BRESLER | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| ILASAHAI PROUTY | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| JACKIE JONES | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| JAMES HACKNEY | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| JULIA WILSON | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| KATHARINE DESHAW | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| LOIS RUSSELL | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| MATTHEW PRICE | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| MERCEDES JELINEK | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| NANCY BURLESON | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| ONAY CRUZ GUTIERREZ | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| PHILIP PAYNE | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| RUSSELL SIZEMORE | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| SARA MCDONNELL | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| WEI SUN | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| WENDY MARUYAMA | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| BETH SHUPE | Director of Finance | 40.0 |
Officer
|
$123,507 | $0 | $123,507 |
| Maria Hall | Executive Director | 60.0 |
Officer
|
$200,158 | $22,500 | $222,658 |
| LESLIE NOELL | Creative Director | 40.0 |
Highest
|
$121,262 | $0 | $121,262 |
| MATTHEW MOORE | Director of Facilities and Grounds | 40.0 |
Highest
|
$102,361 | $0 | $102,361 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $10,699,059 | $10,797,378 | $81,567,394 | $-98,319 |
| 2024 | $8,729,942 | $9,804,833 | $79,732,984 | $-1,074,891 |
| 2023 | $8,885,123 | $8,959,637 | $77,304,858 | $-74,514 |
| 2022 | $8,195,417 | $7,834,332 | $77,347,904 | $361,085 |
| 2021 | $7,363,613 | $6,484,459 | $83,487,415 | $879,154 |
| 2020 | $6,950,819 | $7,388,138 | $69,671,138 | $-437,319 |
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