CHATHAM ARTS COUNCIL INC (EIN 561621611) - 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

1982

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

CHATHAM ARTS COUNCIL INC, founded in 1982, is a small nonprofit that reported $472K in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $404K left a modest 14% surplus.

Mission

CHATHAM ARTS COUNCIL INC INSPIRES CREATIVE EXPRESSIONS THAT CELEBRATE THE COUNTYS HERITAGE AND IDENTITY THROUGH CULTURAL ACTIVITIES AND OTHER PROGRAMS THAT MAKE CHATHAM COUNTY A VIBRANT PLACE TO LIVE AND VISIT. CHATHAM COUNTY ARTS COUNCIL NURTURES CREATIVE HERITAGE

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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 $470,951

Program Service Revenue $0

Investment Income $403

Other Revenue $843

TOTAL REVENUE $472,197

Expense Breakdown

Grants Paid $43,651

Salaries & Benefits $207,277

Fundraising Expenses $67,555

Program Expenses $292,075

Other Expenses $153,441

TOTAL EXPENSES $404,369

Year-over-Year Comparison

	2023	2022	Change
Revenue	$472,197	$328,578	+0.4%
Expenses	$404,369	$335,765	+0.2%
Net Income	$67,828	$-7,187	-10.4%

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

125

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
GREG BEHR	DIRECTOR	3.00	Director	$0	$0	$0
MAYME BOYD	DIRECTOR	3.00	Director	$0	$0	$0
MARCIA ESPINOLA GRIMES	DIRECTOR	3.00	Director	$0	$0	$0
BARBARA HENGSTENBERG	DIRECTOR	3.00	Director	$0	$0	$0
RICHARD HARBER	DIRECTOR	3.00	Director	$0	$0	$0
LESLEY LANDIS	DIRECTOR	3.00	Director	$0	$0	$0
ELISABETH LEWIS CORLEY	DIRECTOR	3.00	Director	$0	$0	$0
GILDA MCDANIEL	PRESIDENT	5.00	Officer Director	$0	$0	$0
SUE SZARY	TREASURER	3.00	Officer Director	$0	$0	$0
ERICA BERRY	SECRETARY	3.00	Officer Director	$0	$0	$0
HEATHER BUSTER	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
CHERYL CHAMBLEE	EXECUTIVE 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	No data	No data	No data	No data
2024	$472,197	$404,369	$242,104	$67,828
2024	$300,000	$300,000	$163,570	No data
2023	$328,578	$335,765	$177,372	$-7,187
2022	$275,623	$251,625	$178,824	$23,998
2021	$355,240	$284,122	$172,999	$71,118

CHATHAM ARTS COUNCIL INC