COMMUNITY CONCERTS OF FAYETTEVILLE INCORPORATED (EIN 561449568) - 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

1956

Legal Domicile

Principal Officer

WILLIAM B KIRBY JR

Phone

9104846491

Tax Period

2023-06-01 to 2024-05-31

COMMUNITY CONCERTS OF FAYETTEVILLE INCORPORATED, founded in 1956, is a small nonprofit that reported $433K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $388K left a modest 10% surplus.

Mission

COMMUNITY CONCERTS WAS STARTED IN 1935 AND IS FAYETTEVILLE'S OLDEST ART ORGANIZATION. IT IS A PRIMARILY VOLUNTEER, NON-PROFIT WHOSE GOALS ARE TO BRING THE FINEST IN TOP-NOTCH ENTERTAINMENT TO FAYETTEVILLE IN AN EFFORT TO BUILD COMMUNITY INVOLVEMENT AND MUSIC INTEREST. COMMUNITY CONCERTS AWARDS COLLEGE MUSIC SCHOLARSHIPS ANNUALLY TO PROMISING LOCAL HIGH SCHOOL GRADUATES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $106,727

Program Service Revenue $325,578

Investment Income $869

Other Revenue $0

TOTAL REVENUE $433,174

Expense Breakdown

Grants Paid $500

Salaries & Benefits $31,494

Fundraising Expenses $0

Program Expenses $380,651

Other Expenses $356,181

TOTAL EXPENSES $388,175

Year-over-Year Comparison

	2023	2022	Change
Revenue	$433,174	$610,343	-0.3%
Expenses	$388,175	$650,897	-0.4%
Net Income	$44,999	$-40,554	-2.1%

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

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

$29,008

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM B KIRBY JR	PRESIDENT	5.00	Officer Director	$0	$0	$0
REBECCA SPELL	MEMBERSHIP OPERATION	20.00	Director	$14,008	$0	$14,008
FLORENCE EDWARDS	GRANTS DIRECTOR	5.00	Officer Director	$0	$0	$0
LARKIN PFEFFER	SECRETARY	5.00	Officer Director	$0	$0	$0
MICHAEL FLEISHMAN	ATTRACTIONS DIRECTOR	20.00	Director	$15,000	$0	$15,000
MARK LYNCH	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
CINDY NOBLES	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
MARK PARSONS	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
BERNADETTE BOGERTEY	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
DONNA VANN	TREASURER	5.00	Officer Director	$0	$0	$0
AL CARDENAS	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
CAROLINE FONKE	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
DR JEROME FONKE	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
RICHARD BRADFORD	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
ANN LEWIS	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
JEFF GOLDBERG	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
REGGIE FIELDS	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
SHARON SMITH	BOARD OF DIRECTOR	2.00	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	No data	No data	No data	No data
2024	$433,174	$388,175	$119,513	$44,999
2023	$610,343	$650,897	$75,835	$-40,554
2022	$291,945	$290,018	$115,991	$1,927
2021	$107,325	$55,583	$113,309	$51,742
2020	$477,150	$452,195	$70,075	$24,955
2019	$437,210	$480,536	$37,434	$-43,326

COMMUNITY CONCERTS OF FAYETTEVILLE INCORPORATED