TRYON ARTS AND CRAFTS INC

EIN: 560946889 501(c)(3) Arts, Culture & Humanities

TRYON, NC

Total Revenue
$353,256
Total Expenses
$345,951
Total Assets
$870,914
Net Assets
$853,905
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1960
Legal Domicile
NC
Principal Officer
JAMIE CARPENTER
Phone
8288598323
Tax Period
2024-01-01 to 2024-12-31

TRYON ARTS AND CRAFTS INC, founded in 1960, is a small nonprofit in the Arts, Culture & Humanities sector that reported $353K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Net assets of $854K represent 29 months of operating reserves.

Mission

TO PROVIDE CREATIVE OPPORTUNITIES FOR EVERYONE THROUGH EDUCATION, INSTRUCTION, AND EXPRESSION OF HERITAGE AND CONTEMPORARY ARTS AND CRAFTS IN A FRIENDLY, STIMULATING AND ENRICHING ENVIRONMENT.

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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 $201,414
Program Service Revenue $104,398
Investment Income $17,127
Other Revenue $30,317
TOTAL REVENUE $353,256

Expense Breakdown

Grants Paid $0
Salaries & Benefits $180,493
Fundraising Expenses $19,653
Program Expenses $71,383
Other Expenses $165,458
TOTAL EXPENSES $345,951

Year-over-Year Comparison

2024 2023 Change
Revenue $353,256 $455,794 -0.2%
Expenses $345,951 $353,009 0.0%
Net Income $7,305 $102,785 -0.9%
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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Governance

Voting Members
12
Independent Members
12
Employees
5
Volunteers
N/A

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
3
$0
Total Directors
12
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CINDA AUSTIN BOARD MEMBER 1.00
Director
$0 $0 $0
LILI CORBUS BOARD MEMBER 1.00
Director
$0 $0 $0
LISA GROBOWSKY BOARD MEMBER 1.00
Director
$0 $0 $0
KAROLINE S OROURKE VICE PRESIDENT 1.00
Director
$0 $0 $0
JULIE MCINTYRE BOARD MEMBER 1.00
Director
$0 $0 $0
TARI GERST BOARD MEMBER 1.00
Director
$0 $0 $0
LEIGH NODINE BOARD MEMBER 1.00
Director
$0 $0 $0
RUBY DREW ASSOCIATE DIRECTOR 1.00
Director
$0 $0 $0
JERRY POSPOSIL ASSOCIATE DIRECTOR 1.00
Director
$0 $0 $0
KIMBERLY TARACH TREASURER 2.00
Officer Director
$0 $0 $0
LISA BELL SECRETARY 1.00
Officer Director
$0 $0 $0
JAMIE CARPENTER PRESIDENT 2.00
Officer Director
$0 $0 $0
WILL BARCLIFT EXECUTIVE DIRECTOR 40.00
Key Emp
$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 $353,256 $345,951 $870,914 $7,305
2023 $455,794 $353,009 $865,335 $102,785
2022 $348,516 $304,698 $793,971 $43,818
2021 $295,447 $276,912 $799,077 $18,535
2020 $256,178 $249,079 $765,181 $7,099
2019 $288,636 $253,888 $745,687 $34,748
2018 $191,336 $234,436 $781,465 $-43,100
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