Cabarrus Arts Council

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

Liz Fitzgerald

Tax Period

2024-07-01 to 2025-06-30

Cabarrus Arts Council, founded in 1980, is a small nonprofit that reported $827K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring.

Mission

The mission of Cabarrus Arts Council is to present, promote and inspire creativity in our community.

Program Service Accomplishments

Program 1

Expenses: $611,671 Revenue: $158,191

Promoting arts and local artists in the community by maintaining galleries and a theater and sponsoring community programs. This also includes program support for school programs noted below. We...

Promoting arts and local artists in the community by maintaining galleries and a theater and sponsoring community programs. This also includes program support for school programs noted below. We attracted 39,425 recorded visitors through 5 Gallery exhibitions which showcased regional and national artists working in a variety of media and special virtual events such as artist talks, and family crafts and 14 Davis Theater performances, plus Family Shows and Art Walk on Union events featuring 70-100 artist vendors.Grants to area visual, theatre and other arts groups to support arts in the community. Includes grants to sponsor various arts projects in the community. The Cabarrus Arts Council, Inc promotes programs for these organizations on our website, social media and in news articles. Grants were distributed to 18 organizations. The arts council provides in person live performances in each Cabarrus County and Kannapolis City school, serving 40,339 students in FY25.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $643,008

Program Service Revenue $178,647

Investment Income $8,918

Other Revenue $-3,724

TOTAL REVENUE $826,849

Expense Breakdown

Grants Paid $171,228

Salaries & Benefits $563,809

Fundraising Expenses $95,836

Program Expenses $611,671

Other Expenses $173,677

TOTAL EXPENSES $908,714

Year-over-Year Comparison

	2024	2023	Change
Revenue	$826,849	$1,037,523	-0.2%
Expenses	$908,714	$939,338	0.0%
Net Income	$-81,865	$98,185	-1.8%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$113,972

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Liz Fitzgerald	Executive Dir.	50.00	Officer	$110,652	$3,320	$113,972
Susanna Black	Director	1.00	Director	$0	$0	$0
Jenny Ripley	Director	1.00	Director	$0	$0	$0
Garrett Price	Director	1.00	Director	$0	$0	$0
Betty Ann Alicea	Director	1.00	Director	$0	$0	$0
Emily Davis	Vice Chair	1.00	Director	$0	$0	$0
Erin Martin	Treasurer	5.00	Officer Director	$0	$0	$0
LeDerick Blackburn	Director	1.00	Director	$0	$0	$0
Amos McClorey	Director	1.00	Director	$0	$0	$0
Erin Burris	Director	1.00	Director	$0	$0	$0
Susan Smith	Director	1.00	Director	$0	$0	$0
Margarita Cruickshank-Martinez	Director	1.00	Director	$0	$0	$0
Angela Clark	Vice Chair	1.00	Director	$0	$0	$0
Carolina Diaz	Director	1.00	Director	$0	$0	$0
Robbie Furr	Chairman	5.00	Officer Director	$0	$0	$0
Louisa Hartsell	Director	1.00	Director	$0	$0	$0
Francene Greene	Secretary	1.00	Director	$0	$0	$0
Page Castrodale	Director	1.00	Director	$0	$0	$0
Erin Kegley-Parris	Director	1.00	Director	$0	$0	$0
Ande Henley	Director	1.00	Director	$0	$0	$0
Jazmin G Caldwell	Director	1.00	Director	$0	$0	$0
Justin Moore	Director	1.00	Director	$0	$0	$0
Kacey Nestor	Director	1.00	Director	$0	$0	$0
Barbara Propst	Director	1.00	Director	$0	$0	$0
Catherine Thomas	Director	1.00	Director	$0	$0	$0
Steven Tice	Director	1.00	Director	$0	$0	$0
Amy Woolwine	Director	1.00	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
2025	$826,849	$908,714	$666,492	$-81,865
2024	$1,037,523	$939,338	$748,357	$98,185
2023	$775,062	$829,267	$650,172	$-54,205
2022	$876,498	$745,026	$704,377	$131,472
2021	$844,496	$728,877	$572,905	$115,619
2020	$784,125	$769,786	$457,286	$14,339
2019	$794,102	$798,349	$442,947	$-4,247
2018	$697,853	$718,430	$495,419	$-20,577