ALAMANCE COUNTY ARTS COUNCIL 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

1956

Legal Domicile

Principal Officer

CAROLYN LANGLEY

Phone

3362264495

Tax Period

2024-07-01 to 2025-06-30

ALAMANCE COUNTY ARTS COUNCIL INC, founded in 1956, is a small nonprofit that reported $613K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Net assets of $1.3M represent 26 months of operating reserves.

Mission

SHAPE THE CULTURAL IDENTITY OF ALAMANCE COUNTY BY MAKING ART A TANGIBLE PRESENCE IN THE LIVES OF ITS CITIZENS. STRIVE TO ENHANCE THE QUALITY OF LIFE BY ENGAGING PEOPLE IN A DIVERSE ARRAY OF ART THROUGH THE DELIVERY OF PROGRAMMING AND EDUCATION AND THROUGH THE PROVISION OF FACILITIES, PROMOTION AND FUNDING.

Program Service Accomplishments

Program 1

Expenses: $270,160 Revenue: $59,166

THE COUNCIL PROVIDES PROGRAMS THROUGHOUT THE YEAR AND IN THE COMMUNITY THROUGH ART SHOWS, CONCERTS, ART TRAVEL PROGRAMS, CHILDREN'S ART ACTIVITIES AND OTHER PROGRAMS THAT ENHANCE THE COMMUNITIES...

THE COUNCIL PROVIDES PROGRAMS THROUGHOUT THE YEAR AND IN THE COMMUNITY THROUGH ART SHOWS, CONCERTS, ART TRAVEL PROGRAMS, CHILDREN'S ART ACTIVITIES AND OTHER PROGRAMS THAT ENHANCE THE COMMUNITIES KNOWLEDGE AND ENJOYMENT OF VARIOUS ART ACTIVITIES.

Program 2

Expenses: $121,328 Revenue: $101,968

ASSOCIATED MEMBER GROUPS THROUGHOUT THE COUNTY PROVIDE A VARIOUS ARRAY OF ART ACTIVITIES ANNUALLY THROUGH ART FESTIVALS,INSTRUMENTAL AND VOCAL CONCERTS AND PLAY PERFORMANCES AND DEVELOPMENT OF...

ASSOCIATED MEMBER GROUPS THROUGHOUT THE COUNTY PROVIDE A VARIOUS ARRAY OF ART ACTIVITIES ANNUALLY THROUGH ART FESTIVALS,INSTRUMENTAL AND VOCAL CONCERTS AND PLAY PERFORMANCES AND DEVELOPMENT OF WRITING SKILLS THROUGH STUDY, PRACTICE AND AUDITIONS

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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 (2024)

Revenue Breakdown

Contributions & Grants $456,596

Program Service Revenue $101,193

Investment Income $19,957

Other Revenue $34,859

TOTAL REVENUE $612,605

Expense Breakdown

Grants Paid $39,450

Salaries & Benefits $279,079

Fundraising Expenses $75,351

Program Expenses $391,488

Other Expenses $335,147

TOTAL EXPENSES $653,676

Year-over-Year Comparison

	2024	2023	Change
Revenue	$612,605	$808,818	-0.2%
Expenses	$653,676	$780,213	-0.2%
Net Income	$-41,071	$28,605	-2.4%

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
FRANCIS BARNES	DIRECTOR	N/A	Director	$0	$0	$0
EDNA PARKER	PAST PRESIDE	N/A	Officer Director	$0	$0	$0
JOHN ROBINSON	TREASURER	N/A	Officer Director	$0	$0	$0
KAT MATIAS	DIRECTOR	N/A	Director	$0	$0	$0
CAROLYN LANGLEY	PRESIDENT	N/A	Officer Director	$0	$0	$0
ANTHONY PIERCE	TRUSTEE / DI	N/A	Officer Director	$0	$0	$0
ROBERT BOB ALMOND	DIRECTOR	N/A	Director	$0	$0	$0
REISHA DRUMGOLD	DIRECTOR	N/A	Director	$0	$0	$0
LANE WATSON	DIRECTOR	N/A	Director	$0	$0	$0
GREG WILDER	AFFILIATE RE	N/A	Director	$0	$0	$0
SUSANA GOLDMAN	COMMUNITY RE	N/A	Director	$0	$0	$0
RICHARD ROEDNER	COMMUNITY RE	N/A	Director	$0	$0	$0
CHERYL RAY	SECRETARY	N/A	Director	$0	$0	$0
ANN HONEYCUTT	DIRECTOR	N/A	Director	$0	$0	$0
BECCA LIEGEY	COMMUNITY RE	N/A	Director	$0	$0	$0
AARON HOLLAND	COMMUNITY RE	N/A	Director	$0	$0	$0
ROGER LANE	DIRECTOR	N/A	Director	$0	$0	$0
LINDA REVILLE	AFFILIATE RE	N/A	Director	$0	$0	$0
RESI FORREST	DIRECTOR	N/A	Director	$0	$0	$0
BETSY REEVES	DIRECTOR	N/A	Director	$0	$0	$0
MEGAN BAXENDELL	DIRECTOR	N/A	Director	$0	$0	$0
TODD OWENS	DIRECTOR	N/A	Director	$0	$0	$0
KENNY MARTIN	DIRECTOR	N/A	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	$612,605	$653,676	$1,318,767	$-41,071
2024	$808,818	$780,213	$1,347,113	$28,605
2023	$691,808	$681,716	$1,276,417	$10,092
2022	$642,631	$482,639	$1,271,349	$159,992
2021	$641,515	$535,886	$1,215,089	$105,629
2020	$555,038	$530,520	$1,021,575	$24,518
2019	$659,594	$636,091	$983,236	$23,503