ARTS & SCIENCE COUNCIL CHARLOTTE/MECKLENBURG INC

EIN: 560693436 501(c)(3)

CHARLOTTE, NC

Total Revenue
$539,835
Total Expenses
$1,079,475
Total Assets
N/A
Net Assets
N/A
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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
1958
Legal Domicile
NC
Principal Officer
ADAM SANTALLA
Phone
7043332272
Tax Period
2024-07-01 to 2025-06-30

ARTS & SCIENCE COUNCIL CHARLOTTE/MECKLENBURG INC, founded in 1958, is a small nonprofit that reported $540K in total revenue in fiscal year 2024. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 100% operating deficit.

Mission

MOVING US TOWARD A MORE EQUITABLE, SUSTAINABLE AND INNOVATIVE CREATIVE ECOSYSTEM.

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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 $476,470
Program Service Revenue $0
Investment Income $1,013
Other Revenue $62,352
TOTAL REVENUE $539,835

Expense Breakdown

Grants Paid $0
Salaries & Benefits $440,152
Fundraising Expenses $211,706
Program Expenses $704,940
Other Expenses $639,323
TOTAL EXPENSES $1,079,475

Year-over-Year Comparison

2024 2023 Change
Revenue $539,835 $8,038,717 -0.9%
Expenses $1,079,475 $9,560,605 -0.9%
Net Income $-539,640 $-1,521,888 -0.6%
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

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Governance

Voting Members
16
Independent Members
16
Employees
18
Volunteers
75

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
8
$84,218
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TONY PEREZ BOARD CHAIR 3.00
Officer Director
$0 $0 $0
TIM MILLER CHAIR-ELECT 3.00
Officer Director
$0 $0 $0
MIKE VASAUNE IMMEDIATE PAST CHAIR 3.00
Officer Director
$0 $0 $0
SUSAN PATTERSON VICE-CHAIR 3.00
Officer Director
$0 $0 $0
DURRAL GILBERT TREASURER 3.00
Officer Director
$0 $0 $0
NALAN KARAKAY MULDER SECRETARY 3.00
Officer Director
$0 $0 $0
GEORGE DUNLAP MEMBER 1.00
Director
$0 $0 $0
TIFFANY FULLER MEMBER 1.00
Director
$0 $0 $0
DAVID GALL MEMBER 1.00
Director
$0 $0 $0
MICHELE GLESSNER MEMBER 1.00
Director
$0 $0 $0
LESLIE JOHNSON MEMBER 1.00
Director
$0 $0 $0
MARCIE KELSO MEMBER 1.00
Director
$0 $0 $0
RUSTY KNOX MEMBER 1.00
Director
$0 $0 $0
SAMANTHA SOSA MEMBER 1.00
Director
$0 $0 $0
HUY VU MEMBER 1.00
Director
$0 $0 $0
DENYTRA LOGAN WHITNER MEMBER 1.00
Director
$0 $0 $0
KRISTA TERRELL PRESIDENT (THRU 1/24) 40.00
Officer
$7,120 $85 $7,205
ADAM SANTALLA PIERCE INTERIM PRESIDENT (AS OF 6/24) 40.00
Officer
$76,788 $225 $77,013
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 $539,835 $1,079,475 No data $-539,640
2024 $8,038,717 $9,560,605 $42,186,545 $-1,521,888
2023 $9,721,899 $9,343,051 $40,136,271 $378,848
2022 $8,348,444 $7,819,591 $37,067,687 $528,853
2021 $11,600,726 $13,265,387 $42,519,495 $-1,664,661
2021 $11,954,816 $14,555,713 $42,461,705 $-2,600,897
2020 $11,730,848 $16,508,504 $39,946,305 $-4,777,656
2020 $16,145,693 $16,436,875 $38,086,029 $-291,182
2019 $13,800,154 $15,789,916 $39,918,141 $-1,989,762
2018 $15,842,980 $18,031,440 $44,085,990 $-2,188,460
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