UNITED ARTS COUNCIL OF RALEIGH AND WAKE COUNTY INC (EIN 560770175) - Form 990 Financial Analysis & Trantor Score

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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

1962

Legal Domicile

Principal Officer

JENNIFER MCEWEN

Phone

9198391498

Tax Period

2024-07-01 to 2025-06-30

UNITED ARTS COUNCIL OF RALEIGH AND WAKE COUNTY INC, founded in 1962, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

THE UNITED ARTS COUNCIL OF RALEIGH AND WAKE COUNTY, INC. BUILDS BETTER COMMUNITIES THROUGH SUPPORT AND ADVOCACY OF THE ARTS. THE ORGANIZATION STRIVES TO (1) CHAMPION ARTS EDUCATION; (2) SERVE A LARGER METROPOLITAN AREA WITH EMERGING POPULATION CENTERS IN WAKE COUNTY, NC; AND (3) BUILD CAPACITY FOR THE LOCAL ARTS COMMUNITY. SINCE 1990, IT HAS SERVED AS THE UMBRELLA FUNDRAISING ORGANIZATION FOR THE ARTS IN WAKE COUNTY. TO ACCOMPLISH THIS MISSION, THE ORGNIZATION RAISES MONEY FROM BUSINESSES, INDVIDUALS, FOUNDATIONS AND GOVERNMENT SOURCES. FUNDS ARE RE-DISTRIBUTED TO THE COMMUNITY THROUGH GRANTS TO SCHOOLS, WAKE MUNICIPALITIES, ARTISTS AND ARTS ORGANIZATIONS - ALL IN SUPPORT OF ARTS PROGRAMMING.

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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 $679,299

Program Service Revenue $1,165,107

Investment Income $48,171

Other Revenue $12,920

TOTAL REVENUE $1,905,497

Expense Breakdown

Grants Paid $1,227,501

Salaries & Benefits $552,619

Fundraising Expenses $172,088

Program Expenses $1,621,520

Other Expenses $224,459

TOTAL EXPENSES $2,004,579

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,905,497	$2,166,668	-0.1%
Expenses	$2,004,579	$2,209,859	-0.1%
Net Income	$-99,082	$-43,191	+1.3%

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

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

$170,620

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER MCEWEN	PRESIDENT	40.00	Officer	$114,050	$7,866	$121,916
CINDY BOTTS	VP OF FINANC	20.00	Officer	$48,704	$0	$48,704
CHANDA BRANCH	CHAIR	0.50	Officer Director	$0	$0	$0
HEATHER GRAY	VICE CHAIR	0.50	Officer Director	$0	$0	$0
HAZEL EDMOND	TREASURER	0.50	Officer Director	$0	$0	$0
JASMIN CRUELL	SECRETARY	0.50	Officer Director	$0	$0	$0
SLEE ARNOLD	DIRECTOR	0.50	Director	$0	$0	$0
LYMAN COLLINS	DIRECTOR	0.50	Director	$0	$0	$0
LIZETTE CRUZ WATKO	DIRECTOR	0.50	Director	$0	$0	$0
JAMIE DAWSON	DIRECTOR	0.50	Director	$0	$0	$0
SEAN GARGAN	DIRECTOR	0.50	Director	$0	$0	$0
LORNA KNICK	DIRECTOR	0.50	Director	$0	$0	$0
WEST LUDWIG	DIRECTOR	0.50	Director	$0	$0	$0
SETH PALMER	DIRECTOR	0.50	Director	$0	$0	$0
JOHN SAMUEL	DIRECTOR	0.50	Director	$0	$0	$0
JEANNIE SOLLARS	DIRECTOR	0.50	Director	$0	$0	$0
ANNA TISON	DIRECTOR	0.50	Director	$0	$0	$0
SHANA TUCKER	DIRECTOR	0.50	Director	$0	$0	$0
MICHELE TYLKA	DIRECTOR	0.50	Director	$0	$0	$0
JESSICA WEST	DIRECTOR	0.50	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	$1,905,497	$2,004,579	$1,200,087	$-99,082
2024	$2,166,668	$2,209,859	$1,381,832	$-43,191
2023	$2,248,784	$2,149,392	$1,244,176	$99,392
2022	$1,453,000	$1,442,865	$1,188,992	$10,135
2021	$2,647,753	$2,308,792	$1,299,106	$338,961
2020	$1,451,667	$1,446,963	$986,405	$4,704
2019	$1,741,986	$1,737,668	$846,110	$4,318

UNITED ARTS COUNCIL OF RALEIGH AND WAKE COUNTY INC