TAR RIVER CHORAL & ORCHESTRAL

EIN: 561535223 501(c)(3)

ROCKY MOUNT, NC

Total Revenue
$319,711
Total Expenses
$279,450
Total Assets
$996,112
Net Assets
$994,319
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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
1986
Legal Domicile
NC
Principal Officer
JEAN BAILEY
Phone
2528834090
Tax Period
2023-07-01 to 2024-06-30

TAR RIVER CHORAL & ORCHESTRAL, founded in 1986, is a small nonprofit that reported $320K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $279K left a modest 13% surplus.

Mission

COMMUNITY ENRICHMENT BY PROMOTING AND STRENGTHENING CULTURAL ARTS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $178,807
Program Service Revenue $87,539
Investment Income $51,175
Other Revenue $2,190
TOTAL REVENUE $319,711

Expense Breakdown

Grants Paid $0
Salaries & Benefits $36,295
Fundraising Expenses $59,938
Program Expenses $167,396
Other Expenses $243,155
TOTAL EXPENSES $279,450

Year-over-Year Comparison

2023 2022 Change
Revenue $319,711 $251,257 +0.3%
Expenses $279,450 $234,547 +0.2%
Net Income $40,261 $16,710 +1.4%
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

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Governance

Voting Members
17
Independent Members
17
Employees
1
Volunteers
30

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
3
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETE ARMSTRONG TREASURER N/A
Officer Director
$0 $0 $0
JEAN BAILEY PRESIDENT N/A
Officer Director
$0 $0 $0
BRENDA CROCKER BOARD MEMBER N/A
Director
$0 $0 $0
DR DANIEL L CROCKER BOARD MEMBER N/A
Director
$0 $0 $0
CHRIS ELLIS BOARD MEMBER N/A
Director
$0 $0 $0
RONALD EDGE BOARD MEMBER N/A
Director
$0 $0 $0
PATSY GILLILAND BOARD MEMBER N/A
Director
$0 $0 $0
BRENT HOGGARD BOARD MEMBER N/A
Director
$0 $0 $0
KATHY JONES SECRETARY N/A
Director
$0 $0 $0
BETH KUPSCO BOARD MEMBER N/A
Director
$0 $0 $0
BRUCE LEA BOARD MEMBER N/A
Director
$0 $0 $0
JAMES MAULK BOARD MEMBER N/A
Director
$0 $0 $0
MARY BETH PITTMAN BOARD MEMBER N/A
Director
$0 $0 $0
AL STURGIS BOARD MEMBER N/A
Director
$0 $0 $0
PETER VARNEY VICE PRESIDE N/A
Officer Director
$0 $0 $0
TJ WALKER BOARD MEMBER N/A
Director
$0 $0 $0
JANET WATSON BOARD MEMBER 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
2025 No data No data No data No data
2024 $319,711 $279,450 $996,112 $40,261
2023 $251,257 $234,547 $944,213 $16,710
2022 $243,866 $199,915 $915,716 $43,951
2021 $333,113 $81,615 $1,074,164 $251,498
2020 $206,687 $169,617 $730,710 $37,070
2019 $284,581 $224,269 $687,623 $60,312
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