TOE RIVER 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

1976

Legal Domicile

Phone

8286827215

Tax Period

2024-07-01 to 2025-06-30

TOE RIVER ARTS COUNCIL INC, founded in 1976, is a small nonprofit that reported $549K in total revenue in fiscal year 2024. Revenue surged 72% from the prior year, signaling strong growth momentum.

Mission

PROMOTE CULTURAL ARTS IN WESTERN NORTH CAROLINA

Program Service Accomplishments

Program 1

Expenses: $479,129

OPERATION OF ARTS COUNCIL BUILDING AND PROGRAMS INCLUDING SUPPLIES, WAGES, AND OTHER EXPENSES DIRECTLY ATTRIBUTABLE TO THE PROGRAMS.

Program 2

Expenses: $39,435

Arts in Education, Regional Artists, Grassroots Projects funded by grants.

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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 $362,124

Program Service Revenue $186,573

Investment Income $0

Other Revenue $0

TOTAL REVENUE $548,697

Expense Breakdown

Grants Paid $39,435

Salaries & Benefits $147,505

Fundraising Expenses $0

Program Expenses $518,564

Other Expenses $349,786

TOTAL EXPENSES $536,726

Year-over-Year Comparison

	2024	2023	Change
Revenue	$548,697	$318,543	+0.7%
Expenses	$536,726	$421,369	+0.3%
Net Income	$11,971	$-102,826	-1.1%

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
KEM MULLER	PRESIDENT	0.00	Officer	$0	$0	$0
MARTHA MOORE	SECRETARY	0.00	Officer	$0	$0	$0
CLAIRE D JARVIS	MARKETING COMMITTEE	0.00	Officer	$0	$0	$0
MARVIN ROGERS RET ATTORNEY	BRINGLE & BURNSVILLE COMMITTEE	0.00	Officer	$0	$0	$0
CONNIE SCHULZE	DEVELOPMENT COMMITTEE	0.00	Officer	$0	$0	$0
OLIVIER CALAS	N/A	0.00	Officer	$0	$0	$0
KEIKICHI LITTLETON	CHAIR STUDIO TOUR COMMITTEE	0.00	Officer	$0	$0	$0
CATHERINE REEVES	N/A	0.00	Officer	$0	$0	$0
MELANIE ST JEAN	FOUNDER FIRST FRIDAYS BURNSVILLE	0.00	Officer	$0	$0	$0
NEALY ANDREWS	EXEC 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
2025	$548,697	$536,726	$493,326	$11,971
2024	$321,392	$421,369	$481,796	$-99,977
2023	$460,481	$497,226	$503,178	$-36,745
2022	$415,310	$353,641	$620,785	$61,669
2021	$306,497	$326,822	$588,403	$-20,325
2020	$223,745	$298,305	$586,667	$-74,560
2019	$380,385	$392,078	$633,514	$-11,693