KINSTON ARTS COUNCIL INC (EIN 560842535) - 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

1965

Legal Domicile

Principal Officer

SANDRA SLANDIS

Phone

2525272517

Tax Period

2024-01-01 to 2024-12-31

KINSTON ARTS COUNCIL INC, founded in 1965, is a small nonprofit that reported $457K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $540K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROMOTE ART APPRECIATION & KNOWLEDGE THROUGH VARIOUS PROGRAMS, CLASSES, GALLERIES AND PERFORMANCES.

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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 $232,183

Program Service Revenue $64,003

Investment Income $82,196

Other Revenue $78,673

TOTAL REVENUE $457,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $205,576

Fundraising Expenses $31,282

Program Expenses $351,459

Other Expenses $334,279

TOTAL EXPENSES $539,855

Year-over-Year Comparison

	2024	2023	Change
Revenue	$457,055	$506,144	-0.1%
Expenses	$539,855	$456,894	+0.2%
Net Income	$-82,800	$49,250	-2.7%

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
JIMETTE GRAHAM	BOARD MEMBER	N/A	Director	$0	$0	$0
KANDIS HARVEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF HOWARD	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARY KELLY	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF LAWS	BOARD MEMBER	1.00	Director	$0	$0	$0
JULISSA LOPEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
TIMOTHY MADDUX	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER MINTZ	BOARD MEMBER	N/A	Director	$0	$0	$0
TRENT MOORING	BOARD MEMBER	1.00	Director	$0	$0	$0
CARRIE DAIL PURNELL	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES RICHBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNDSAY SEGRAVE	PRESIDENT EL	2.00	Officer Director	$0	$0	$0
AMY WHITFIELD	TREASURER	2.00	Officer Director	$0	$0	$0
BRUCE ZEIGLER	BOARD MEMBER	1.00	Director	$0	$0	$0
SANDRA SLANDIS	EXECUTIVE DI	40.00	Officer	$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
2024	$457,055	$539,855	$1,989,456	$-82,800
2023	$506,144	$456,894	$2,069,218	$49,250
2022	$304,833	$390,820	$2,023,613	$-85,987
2021	$485,364	$339,299	$2,105,980	$146,065
2020	$532,651	$370,014	$1,978,587	$162,637

KINSTON ARTS COUNCIL INC