GASTON ARTS COUNCIL (EIN 561257449) - 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

1979

Legal Domicile

Principal Officer

KIM GEORGE

Phone

7048532787

Tax Period

2022-07-01 to 2023-06-30

GASTON ARTS COUNCIL, founded in 1979, is a small nonprofit that reported $215K in total revenue in fiscal year 2022. Revenue surged 131% from the prior year, signaling strong growth momentum.

Mission

GASTON ARTS SERVES AS A CENTRAL AGENCY TO SOLICIT AND DISTRIBUTE FUNDS FOR VARIOUS ARTS RELATED AGENCIES IN GASTON COUNTY. SEVERAL PROJECTS ARE INDEPENDENT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $215,024

Program Service Revenue $0

Investment Income $40

Other Revenue $0

TOTAL REVENUE $215,064

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,826

Fundraising Expenses $0

Program Expenses $97,112

Other Expenses $144,432

TOTAL EXPENSES $223,258

Year-over-Year Comparison

	2022	2021	Change
Revenue	$215,064	$93,064	+1.3%
Expenses	$223,258	$107,209	+1.1%
Net Income	$-8,194	$-14,145	-0.4%

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
BRENDA ARNOLD	CHAIR	N/A	Officer Director	$0	$0	$0
JANE HUNTER	SECRETARY	N/A	Officer Director	$0	$0	$0
KEITH FOSTER	COCHAIR	N/A	Officer Director	$0	$0	$0
DANDRE NIXON	TREASURER	N/A	Officer Director	$0	$0	$0
CHERYL KNIGHT	MEMBER AT LA	N/A	Director	$0	$0	$0
ROGER MCCALL	MEMBER AT LA	N/A	Director	$0	$0	$0
GUS FLEMMING	MEMBER AT LA	N/A	Director	$0	$0	$0
THOMAS CLARK	MEMBER AT LA	N/A	Director	$0	$0	$0
SANDRA SIMPSON	MEMBER AT LA	N/A	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
2023	$215,064	$223,258	$19,961	$-8,194
2022	$93,064	$107,209	$28,155	$-14,145
2021	$347,045	$317,126	$42,300	$29,919

GASTON ARTS COUNCIL