TRYON ARTS AND CRAFTS 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

1960

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $71,383

265 MEMBERS AND 45 GIFT SHOP ARTISTS PROVIDED 23 WORKSHOPS, 68 WEEKLY CLASSES AND 18 YOUTH PROGRAMS IN ADDITION TO INDEPENDENT STUDY. THESE SITUATIONS IMPACTED 214 STUDENTS IN WORKSHOPS AND 323 IN...

265 MEMBERS AND 45 GIFT SHOP ARTISTS PROVIDED 23 WORKSHOPS, 68 WEEKLY CLASSES AND 18 YOUTH PROGRAMS IN ADDITION TO INDEPENDENT STUDY. THESE SITUATIONS IMPACTED 214 STUDENTS IN WORKSHOPS AND 323 IN CLASSES 725 IN INDEPENDENT STUDY AND 169 IN YOUTH. 6 GALLERY EXHIBITIONS DREW 2,350 VIEWERS AND FESTIVALS DREW 350 ATTENDEES. ALL SERVICES COMBINED TO GENERATE OVER 5,380 OPPORTUNITIES FOR INDIVIDUAL ARTS AND CRAFTS VISITOR EXPERIENCES.

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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 $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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

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